Legendary commodity investor Rick Rule sees weakness coming for natural resources and thinks investors should be ready to take advantage. In this special season premiere episode, he's here to tell you what he's buying.
Rick Rule, President and CEO of Rule Investment Media, joins In the Money with Amber Kanwar to kick off a new season with his outlook for gold, oil and natural resource stocks. While higher interest rates and a stronger U.S. dollar could weigh on commodities through the rest of 2026, Rule remains firmly bullish over the longer term—and says a pullback could put the assets he wants to own “on sale.”
He explains why he believes declining purchasing power and negative real interest rates could ultimately propel gold higher, and why years of underinvestment could leave the oil market facing a structural supply shortage by the end of the decade.
In the mailbag, Rule tackles viewer questions on Abaxx Technologies (ABXX), Nations Royalty (NRC), International Petroleum (IPCO), Athabasca Oil (ATH), Dundee Corporation (DC.A), Vizsla Silver (VZLA), Solaris Resources (SLS), Copper Giant Resources (CGNT) and Alphamin Resources (AFM)—digging into everything from management and valuation to geopolitical risk and the enormous potential rewards that can come with it.
And in Pro Picks, Rule revisits last year’s ideas—including Sprott (SII), Exxon Mobil (XOM) and the former EMX Royalty, now part of Elemental Royalty (ELE)—and reveals three stocks he likes now across the risk spectrum: Agnico Eagle Mines (AEM), Equinox Gold (EQX) and speculative play Talon Metals (TLO). On Talon, Rule makes the stakes clear: if his exploration thesis is wrong, investors could lose 50%. If it works, he believes the discovery could be profound.
Like and comment for a chance to win some In the Money swag, and now you can buy some merch at our new store! Check it out! https://inthemoneypod.myshopify.com/
Timestamps
0:00 Trailer: Rick Rule on commodities, gold, and oil
0:39 Episode intro and season premiere setup
2:02 Disclaimer and what this episode covers
2:28 Welcome to the season premiere with Rick Rule
4:49 Commodities near-term outlook, rates, dollar, and inflation
6:34 Why inflation and bond yields may stay sticky
8:34 Debt, deficits, and why the cycle feels familiar
9:58 Lessons from the 1970s inflation era
12:52 Why falling commodity prices can be buying opportunities
15:00 Gold, war, and negative real interest rates
17:36 Why oil has not reacted like a true shock yet
19:30 When oil shortages become structural
22:57 How Canada can better position itself
26:16 Rick Rule’s investing method and edge
29:55 ITM Mailbag: Abaxx Technologies and the short report (ABAX)
32:23 Nations Royalty and Indigenous led royalties (NRC)
36:47 International Petroleum vs Athabasca (IPCO, ATH)
40:52 Why Dundee still matters to Rick (DC.A)
44:30 Vizsla Silver, huge upside, major risk (VZLA)
51:01 Solaris Resources and Copper Giant (SEI, CGNT)
52:36 AlphaMin Resources and the tin market (AFM)
55:21 Past & Pro Picks (SII, XOM, ELE, AEM, EQX, TLO)
1:08:05 Rick Rule off the mic, outdoors, reading, mentoring
Sponsors
Thank you to our partners at ATB Financial. ATB Cormark Capital Markets is a leading North American investment firm providing holistic corporate and capital markets advice and full-service financial solutions. Visit https://ATB.com/inthemoney for more information.
For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit https://
raymondjames.ca today to discover how you can live a life well planned.
Thank you to our partners at Hamilton ETFs. For more information visit https://
hamiltonetfs.com All the charts you’ll see today are sponsored by Wealthsimple Trade. The self-directed trading platform built for active traders in Canada. Learn more at
https://app.wealthsimple.com/74rd/83ftma8xSupport for this podcast is brought to you by EQB – the company behind EQ Bank, Canada’s Challenger Bank. For more information visit https://www.eqbank.ca/
The Closing Bell is sponsored by The Haliburton Post House: private executive retreats in Ontario's Haliburton Highlands. Reserve your Fall 2026 or Spring 2027 dates at The Haliburton Post House. Mention In the Money for $1000 off your reservation! E-mail
info@haliburtonposthouse.ca for more information.
Links
https://inthemoneypod.com/
https://instagram.com/inthemoneypod
https://facebook.com/profile.php?id=61569721774740
https://twitter.com/inthemoneypod
DISCLAIMERS
The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.
In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.
Contact: questions@inthemoneypod.com
#IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews