Lobo Tiggre: 5 Commodities for Now, Later and Much Later

Picking up on a January conversation, Lobo Tiggre, editor and founder of IndependentSpeculator.com, said he remains focused on investments that work right now, although he’s also watching sectors that will work further into the future.

His “right now” category includes gold, silver and uranium, while he’s earmarked copper and oil for later.

Although he’s bullish on the latter two commodities, he’s wary of how a recession could impact them.

“I do think we’re going to see a recession that will be incorrectly called the recession of 2023, even though it started last year. That means I’m not buying any industrial minerals right now at all — no copper, as much as I love copper … no oil, nothing,” he said at this year’s Prospectors & Developers Association of Canada (PDAC) convention.

Tiggre expects that a recession would benefit gold and silver because the US Federal Reserve will return to easy monetary policy. As money floods the system, he believes the movement into precious metals will be “most gratifying” for investors.

Looking even further into the future, Tiggre said that lithium falls into a third basket after copper and oil. Although in the past he’s argued that lithium isn’t rare, he said he’s coming around to the idea of investing in the battery metal. However, with prices correcting and a recession approaching it’s another sector he wouldn’t touch at the moment.

Watch the interview above for more from Tiggre on the topics discussed above, as well as his thoughts on the psychology of investing, ESG and his updated research on the pre-production sweet spot.

You can also click here for the Investing News Network’s full PDAC 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.