Billionaire natural resources investorRick Rule, legendary short-sellerBill Fleckenstein, and veteran oil traderErik Townsendjoin ZeroHedgethis evening at 7PM ETto give their outlooks on three key commodities sectors: Gold, Oil, and Uranium.
Gold and silver have, of course, exploded in price over the last 52 weeks with gold’s price almost doubling and reaching a high of over $5500.
Silver’s price more than tripled at one point and now sits ($87.50) just under 3X where it sat in February of last year ($32.93).
Given the fast and intense rise,Rule recently reduced his silver position though remains long mining stocks.
Oil on the other hand is down YoY, making it perhaps the most attractive commodity due to it being relatively cheap.
Oil stocks areRule’s number one investment positiondue to what he says is decades of massive underinvestment, a thesis he will expand upon this evening.
Lastly,uranium mining stocks have seen a meteoric riserivaling that of gold stock, broadly doubling with some names like Energy Fuels seeing an almost 400% increase YoY.
Townsend will speak to the emerging technology in the nuclear energy space and Rule will speak to the long-term bull case and whether the mining stocks have flown too high too fast.
We encourage commodity investors to tune in.
Visit the ZeroHedge homepage at 7pm ET tonight to watch live and commercial-free.
Source: ZeroHedge News
