Rick Rule’s Bold Call: Gold, Silver & Uranium Still in Early Innings | In the Money with Amber Kanwar

Sep 25, 2025

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Rick Rule is back on In the Money with Amber Kanwar, and this time he’s doubling down on precious metals. In this wide-ranging conversation, the legendary resource investor explains why he believes we’re still in the early innings of a commodities bull market and how investors should think about energy, rare earths, and precious metals right now.

In the listener mailbag, Rick answers a round of questions across the resource spectrum. He says he’s a copper bull but believes it needs a break and discusses names like Freeport-McMoRan (FCX) and NGex (NGEX). He says he’s even more bullish on silver than he is on gold and suggests a number of ways to play it including New Pacific Metals (NUAG), Vizsla Silver (VZLA), AbraSilver (ABRA), Aya Gold & Silver (AYA), Pan American Silver (PAAS) and GoGold (GGD). He also shares his outlook on uranium suggesting that there is still upside in Cameco (CCJ) and gives perspective on rare earth players like Meteoric (MEI) and Aclara Resources (ARA.TO). He also weighs in on mining focused investment firm Dundee (DC.A.TO). From big caps to thinly traded juniors, Rick lays out what’s worth watching and what to avoid.

Amber and Rick walk through the performance of his past picks (ARX.TO, TOU.TO, PEY.TO) and of course, Rick reveals his latest Pro Picks. This time he highlights three very different opportunities: Sprott (SII.TO), the go-to brand for precious metals exposure; EMX Royalty (EMX), a fast-growing junior royalty company with a powerful merger story; and ExxonMobil (XOM), his low-risk bet on the future of energy. Together, they showcase how Rick is positioning for what he sees as a long runway ahead for commodities.

If you want insight on where to find value in today’s volatile markets—and which commodity plays he thinks are best positioned for the next decade—this is an episode you don’t want to miss.

Timestamps
00:00 Intro & details on swag giveaway
01:55 Rick Rule returns to the podcast and says we’re in the early innings of a gold price boom
05:30 How has the last 9-months informed Rick’s view on gold and the USD?
08:00 So is this like the 1970s?
10:20 What about the Dotcom era?
14:00 We’re in inning 3 of a 9 inning game when it comes to gold
16:00 Rick talks about the bank he’s building
20:00 ITM Mailbag: Copper, Ivanhoe Mines (IVN, FCX,NGEX)
24:30 Junior copper players
26:20 Rick’s more bullish on silver than gold, and tells us what he owns (New Pacific, Vista, Abra, Aya)
30:00 Not pure silver miners (Pan American, Wheaton Precious)
33:35 Dundee Corp. stock (DC.A)
36:50 Orla Mining stock (OLA)
38:25 Rapid fire small cap questions (FMT-V, ECOR, Rare Earths, Uranium)
44:20 Rick’s Past Picks (ARX, TOU, PEY)
48:15 Rick’s Pro Picks (SII, EMX, XOM)