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Lobo Tiggre: Shopping for Silver Stocks, Watching “Powerful” Gold Mover
Lobo Tiggre, CEO of IndependentSpeculator.com, shared his updated thoughts on gold, silver and uranium.
When it comes to gold, he pointed to a ‘powerful mover’ that he thinks could be in play — a change in global portfolio allocations to the yellow metal. Historically the allocation has been 2 percent, but more recently it’s been 0.5 percent.
‘I think that what we’re seeing is that changing. And maybe it doesn’t go back to 2 percent, but if it just goes back to 1 percent, that doubles the investment demand for gold from where we are now,’ he said.
Looking at silver, he said lately it’s correlated more closely to copper than to gold; however, that dynamic now seems to be changing. ‘I think it’s fantastic — not just good — I think it’s fantastic news for silver … that it’s acting as a monetary metal should,’ he said at the Rule Symposium, held last week in Boca Raton, Florida.
With that in mind, Tiggre and his team are on the lookout for stocks that meet his criteria. One of those is jurisdiction — while he’s seen strong discoveries in places like Mexico, the political risk is too high for him to be interested.
Watch the interview above for more from Tiggre on gold and silver, as well uranium.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.