Lobo Tiggre of The Independent Speculator said copper has “one of the biggest bullish looks” in the commodity space, with or without a super cycle. In the short term, he explained that investors should look at gold and silver. cryptocoin.com We share the details of Tiggre’s statements…
Tiggre drew attention to copper and silver
Whatever the general perception about commodities, according to Tiggre, the supply side of copper will see price increases in the future. The expert said, “I love copper very much. One of the toughest bull cases. And I can see that copper will continue to rise even if the commodity supercycle ends.”
Adding that copper is the metal to be owned in the long term, Tiggre said investors should look to gold and silver for short-term gains. “From a long-term perspective as an investor, I would say copper. If I want a more immediate investment, I would say gold and silver. “Silver is still undervalued compared to gold, which gives silver an advantage in the next monetary fear and safe-haven rush.”
Tiggre, who is quite optimistic about silver, states that there is a change in his investment thesis. “It seems pretty clear that the industrial side of silver is becoming more and more important, and that’s not necessarily bad as the industrial situation is actually getting bigger. That makes me more bull. “The data tells us there is a change in this market.”
Tiggre: Silver and gold will rise
Overall, in terms of stagflation, Tiggre cautions against monitoring the current global energy shock while drawing parallels between the 1970s and the present. According to the expert, gold and silver will rise when market participants, and most importantly, algorithmic trading, realize that inflation is not temporary. The expert uses the following expressions:
This short-term belief that inflation is somehow bad for gold cannot last long. I think it just creates buying opportunities. It’s not just what people think, but also traders and their algorithms. Their economic model needs to be refuted. We talked about the price of gold, but not the price of gold that we are offering. We focus on the price of futures, the contracts and the people who trade them. [Onlar] they never think that stagflation can exist. Not on this model.
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