Recorded on June 8 2026 at NRS Studios
Rick Rule joins Steve Yang on Natural Resource Stocks for a wide-ranging discussion on the natural resource bull market, uranium, oil, copper, junior mining speculation, and the 2026 Rule Symposium. Rick says the resource cycle is not over, but investors need to understand the difference between the easy money already made and the sure money he believes may still be ahead. He explains why rising living standards, energy density, China’s growth, electricity access, and resource intensity remain major long-term drivers for commodities. Rick also breaks down why uranium matters for energy security, why peak oil demand may be much further away than many investors think, and why copper shortages may be extremely difficult to solve quickly. The conversation closes with Rick’s framework for junior mining speculation, portfolio discipline, company selection, and what makes the Rule Symposium different for serious natural resource investors. #Millettian
Key topics
00:00 Easy money is gone but sure money is ahead 00:54 Introduction to Rick Rule 01:27 Where are we in the resource cycle 02:28 Dollar debasement and China’s urbanization 03:39 China’s material advancement and global resource demand 08:35 Uranium, nuclear power, and rising electricity demand 12:12 Energy security and uranium’s unique role 14:09 Oil, peak demand, and sustaining capital underinvestment 21:08 Copper and the next commodity setup 22:27 Copper deficits, AI demand, and old mines 27:34 How to think about junior mining speculation 35:29 Rule Symposium company vetting 38:27 Rule Symposium value, recordings, and guarantee 41:33 Where to find Rick Rule 42:51 Closing comments
Guest links
Rule Symposium 2026: https://events.ringcentral.com/events/2026-rule-symposium/registration
Rule Investment Media YouTube: https://www.youtube.com/@RuleInvestmentMedia
Rule Classroom: https://ruleclassroom.com/
Host Steve Yang — Natural Resource Stocks
Website: https://www.NaturalResourceStocks.net
YouTube Main: https://www.youtube.com/@naturalresourcestocks
X: https://x.com/TheSteveYang · https://x.com/SteveYangStocks
LinkedIn: https://www.linkedin.com/in/thesteveyang/
The content provided by Galt Consulting Group, doing business as NaturalResourceStocks.net, is for informational purposes only. We reserve the right to buy and sell shares of any company mentioned. If Galt Consulting Group or any affiliated parties are invested in a company mentioned, we will publicly disclose such investments. Nothing in our content constitutes financial advice. Every investor is responsible for conducting their own due diligence. Past performance is not indicative of future results.
