Rick Rule: The Calm Before the Commodity Storm

Is today's pullback in commodities a warning sign—or the buying opportunity of the decade?

At the 2026 Rick Rule Symposium, legendary resource investor Rick Rule tells Maggie Lake that today's weakness in gold, copper, energy, and mining stocks is "the calm before the storm." He argues decades of underinvestment have created shortages that can't be solved quickly—and that investors who understand the arithmetic have a rare chance to position themselves before the next leg higher.

Rick explains why he believes gold should be the foundation of every portfolio, why copper and energy face unavoidable supply constraints, why AI doesn't change the basic laws of supply and demand, and why investors should stay within their circle of competence instead of chasing the latest market narrative.