At the New Orleans Investment Conference, Rick Rule of Rule Investment Media discussed sentiment among the juniors, his outlook for the US economy and how global conflicts are affecting sectors like gold and oil.
He also weighed in on uranium, saying that while the "easy money," has now been made, the sector has gained considerable structural strength in the last 18 months. In his view, it's now time for the "real money" to be made.
"Right now you have to focus on real companies doing real things," Rule said on the sidelines of the event. "Companies like NexGen Energy (TSX:NXE,NYSE:NXE) and Fission Uranium (TSX:FCU,OTCQX:FCUUF) that will be taken over. Companies like Boss Energy (ASX:BOE,OTCQX:BQSSF) that are in production and will enjoy much higher prices than their feasibility studies suggested they would enjoy. Legitimate companies that don't enjoy share price escalation will be taken over by companies that have a lower cost of capital. After that real money has been made, we'll go into the big money, which is the speculative blow off that we saw in the 2008 to 2010 timeframe."
Watch the interview above for more from Rule on uranium and much more. You can also click here for the Investing News Network's full New Orleans Investment Conference playlist on YouTube.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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