Billionaire Sells Uranium, Rick Rule is Angry, and Luc Likes Diamonds | Resource Heads Ep. 66

This is a weekly commodity market overview.

In this episode, I talk about economic data coming out of China, the EU, and the US. In the commodity section, I talk about why lithium and natural gas are going up while most other commodities are either down or flat on the weekly.

In the second part of the episode, I talk about Stanley Druckenmiller and Rick Rule.

Stanley Druckenmiller sold all of his Cameco shares in Q1 for a 17.8% gain. He increased his position in Teck by 81.7% (market value now: $141M) and started a position in Barrick (market value now: $22.6M). The Druck also sold some Vale, Chevron, Philips 66, Ovintiv, Cenovus, Occidental, Arch, and Alpha Met.

As always, I was also joined by GoldDiscovery founder Luc ten Have for the junior market overview. We also talked about diamonds.

His platform https://golddiscovery.com is a great tool for natural resource investors.

Please understand that the information provided in this publication – and all other publications by Resource Talks – is impersonal in nature and meant for general information purposes only. It is also worth what you paid for it. If you’re not paying for the product, you are the product. Expect seeing advertisements – which will be verbally disclosed – in this video. Before taking any action on any investment, it is imperative that you consult with multiple licensed, experienced, and qualified investment advisors. Get numerous opinions before taking your own decision in the end. The minimum risk on any investment mentioned in this publication is 100% loss of capital.

Shortly: you will lose all of your money and possibly most of your brain cells if you listen to talking heads on the internet. Especially if they have orange hair and no experience (me).

Readers are cautioned that this presentation likely contains forward-looking statements about expected future events and the financial and operating performance of any companies potentially discussed herein. Reality often varies from people’s expectations. Managements like over-promising and under-delivering. If a manager was speaking in here, beware. Readers are encouraged to read the Cautionary Note on Forward-Looking Information and to consult the Company’s Annual Information Form, which is available on www.sedar.com. Reading the full disclaimer on the disclaimer page on this website is mandatory.

Timestamps
00:00 Only bad people skip intro
03:40 Stock market performance
06:00 Chinese economic data
09:21 EU economic data
11:00 US economic data
15:30 Nickel & zinc
16:30 Gold
20:10 Platinum
21:30 Lithium
23:00 Natural gas
25:50 Diamonds
32:30 Junior movers
46:15 Billionaire sells uranium
55:25 Rick Rule is angry

Was there something wrong with what the guests said? Did I fail to ask an important question? Did I make a mistake? Is my hair ugly, my voice stupid, and my face misaligned? Please tell me about it. Criticism and skepticism are highly welcome and help me learn. Thank you.

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