John Rubino – Continued Spotlight On The Energy Commodities Of Oil and Uranium

Shad Marquitz
September 18, 2023

John Rubino, publisher of his newsletter over at Substack, joins us to continue to shine a spotlight on the energy commodities of oil and uranium, in lieu of the current macroeconomic backdrop.  We start off with the fundamental drivers that have pushed the spot and term uranium prices above the $60 mark, and how this has fueled another solid move higher in the uranium stocks. 


Next we pivot over to the nice run we’ve seen in oil from the mid $60s to just above $90 recently, and the more cyclical nature of this part of the energy sector.   John discusses the types of larger more established companies he is accumulating in each space and mentioned Cameco (CCO) (CCJ), Nexgen (NXE), and Denison (DML) (DNN) in the uranium space, as well as Occidental Petroleum (OXY), Exxon Mobil (XOM), and Marathon Oil (MRO) that pay nice dividends in the oil patch.


We wrap up with getting John’s macro outlook on the economy, central banks, interest rates, real estate, consumer health, and whether or not a recession is still on the horizon.




    Sep 18, 2023 18:14 PM

    Uranium Corgi @UrTokenCorgi – 6:16 PM · Sep 15, 2023 – X (Twitter):
    “Uranium shorts reflecting on the week after seeing the #uranium spot price rise to 12-year highs.
    🙌⬆️🌶️ $U.UN #SPUT ”

    Sep 18, 2023 18:28 PM

    As for the Uranium stocks, in general, most U-stocks have been surging higher for months since bottoming in the March-April timeframe.


    Here’s a 2 month candleglance chart for a dozen of the more popular U-stocks, but most have been ripping higher for 4-5 months.,URNJ,CCJ,UUUU,URG,UEC,EU.V,DNN,NXE,ISO.V,LAM.TO,GLO.TO|B|0

      Sep 18, 2023 18:31 PM

      Here is a 6 month candleglance chart of the same Uranium stocks.

      This has definitely been one of the bright spots in the resource stocks in the spring and summer.

        Sep 18, 2023 18:33 PM

        Personally, I trimmed a few positions the end of last week, and a few more today into the recent strength, as things are getting a little over-heated. I did keep the core positions in my 7 uranium stocks and one U-stock EFF (URNJ) for if this move keeps on extending, and obviously for the longer term move to much higher levels to come in the uranium sector.

        Nice to see some continued green on the screen in uranium stocks for the last 5-6 months, and another reason to be diversified across different commodities and sectors in one’s portfolios. I’ve already started reallocating some of those profits from yellowcake into the really beat up yellow metal gold stocks, to get better cost basis’s in the stocks I like, and even started a new position today in Goliath Resources for their ongoing solid exploration work.

          Sep 18, 2023 18:09 PM

          Hi Ex, I know you have liked Goliath for a long time, but I always find their news releases puzzling, like Goliath intercepts visible gold over long distances in the surebet zone, very rarely do they tell you how long exactly the intercept is and what it contains. I gave up reading their news releases a long time ago. Maybe I,m not digging deep enough, LOL! DT

            Sep 18, 2023 18:37 PM

            The news release today was just to confirm there was more visible gold in the drill core that is going out to be assayed. I just saw some of the other recent drill core late Friday night when I had a meeting with Roger in Golden, CO and yes… it also had very visible gold in it. Waiting on assays…

            Here was their release from last week that was actually very specific about what was returned, and one would have to call it a bonanza grade result at a 394 gram meter hole.

            They’ve finished all their drilling for this season and have just started reporting assays, with most of them still to announce as they come back in from the lab. If they have a few more like this, then my thesis is that a number of drill junkies are going to wake up to what they’ve got going on at (and also undernearth) that Surebet Zone.


            (GOT) Goliath Intercepts 14.68 g/t AuEq Over 26.89 Meters at Surebet Zone, Golddigger Property, Golden Triangle, B.C

            GD-23-173 intercepted Visible Gold and significant quartz-sulphide mineralization in 2 broad mineralized intervals. The main interval corresponds to the Surebet Zone and was intersected from 45.11 to 72.00 meters.
            The main intercept consists of 14.68 g/t AuEq (5.81 g/t Au and 719.13 g/t Ag) over 26.89 meters (approx. true width) including 23.89 g/t AuEq (9.40 g/t Au and 1176.14 g/t Ag) over 15.49 meters and 33.02 g/t AuEq (10.97 g/t Au and 1817.34 g/t Ag) over 9.60 meters.

            A 9.27-meter interval from the deeper high grade Bonanza Shear intercepted from 446 to 455.27 meters that contains Visible Gold and abundant semi-massive and stringer galena, sphalerite, pyrrhotite and chalcopyrite (assays pending).


            Sep 18, 2023 18:55 PM

            I’m working to try and get Roger on the show for an exploration update on Goliath later this week, but until then, here is the corporate presentation they gave at the Beaver Creek conference, that highlights some of the exploration work they’ve been doing in this latest drill program.


            Goliath Resources Limited (GOT.V) – Beaver Creek Corporate Video Presentation


            Sep 19, 2023 19:32 AM

            What tipped me over the edge on this one was the few comments made about the potential at the Golden Gate Zone in the volcanics, underneath the Surebet Zone and Bonanza Shear zone.

            Listen very carefully to what Roger presented here starting at the 9 minute mark in the presentation above. They just got some results back about a week ago in the Golden Gate Zone that could be a potential game-changer for the company, and I don’t think many have been paying attention to what this could mean… It still needs to have some follow up holes put in it (and I think he stated in the presentation they are going to put 2 more holes in it this season, just for orientation). This really got my wheels turning…

          Sep 19, 2023 19:10 AM
            Sep 19, 2023 19:17 AM

            Ditto ⛏️⛏️⛏️

            Sep 19, 2023 19:16 PM

            Yes indeed! We’ve been swamped with follow up today, but I saw that presser on the V.G. from Goliath hit the wires early this morning and smiled. My thesis is that there is a lot more of those kinds of high-grade headlines to come as they put out the actual assays and link grade to those visible gold wide intercepts. They’ve still got most of this years drill program to report to the market over the balance of this year, so there should be a steady stream of newsflow.

    Sep 19, 2023 19:03 AM

    Looks like they are wiping out yesterday’s gains…. But, I didn’t have any, so I think they are losing their grip.

    Sep 19, 2023 19:29 AM

    Central Bank Jamboree this week. Blue Ribbons for the Fatest Cow stories. US considered a front runner for Best of Breed.

    Sep 19, 2023 19:33 AM

    Quite the rug pull on Eqx, down nearly a fifth of its value with refinance of debt. And it looked so promising with its promises.
    Right Lake, a game of whack a mole.

    Sep 19, 2023 19:32 AM

    Nat Gas is looking very natty today up almost 5%. DT

    Sep 19, 2023 19:32 PM

    Looks like an orchestrated bad day for no reason. Gives me a warm feeling that all is well.