Shopping list

My shopping list is ready and uranium stocks are on top

Lobo TigerYoutube

The US Federal Reserve was the center of attention last week as it raised interest rates by 75 basis points.

Speaking to Investing News Network, Lobo Tiggre, Editor and Founder of IndependentSpeculator.comsaid a key takeaway is that the pace of increases should slow from now on.

At a press conference after the central bank meeting, Chairman Jerome Powell said the Fed wants to end the year with rates between 3 and 3.5%, not far from 2.25 to 2.5. current %.

“It was no surprise to see broader markets take off (July 27) on Powell’s speech as much as the (Fed meeting),” Tiggre said on the sidelines of the Rule Symposium in Florida.

“It was a little surprising to see gold and silver do so well, because ‘Yay markets!’ generally isn’t ‘Yay safe havens!’ But there was this darker side of the recession, and then we (got) the GDP print.”

At the press conference following the meeting, Powell was repeatedly asked whether the United States was in a recession, ultimately saying it was not. However, data released on July 28 shows that the country’s second-quarter GDP shrank for the second consecutive quarter, which is a widely accepted definition of a recession.

Tiggre reminded investors that high inflation and a recession put the market “quasi-officially” in stagflation territory, and noted that gold took off during the stagflation period of the 1970s.

“I don’t know the future, but I’m betting my own money on this outcome,” he said. “I think people are going to wake up and smell the napalm…those expectations are going to set in, and I think we’ll see much higher commodities in general (during stagflation), and gold and gold in particular. silver, monetary metals – I think we’ll see a breakout higher.”

Besides precious metals, Tiggre is positive on uranium, which he previously described as his most reliable thesis for 2022. him to start checking out the companies. on his shopping list.

Watch the interview above to learn more about Tiggre, and Click here for the full Rule Symposium playlist on YouTube.

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Securities Disclosure: I, Charlotte McLeod, have no direct investment interests in any of the companies mentioned in this article.

Editorial Disclosure: JInvesting News Network does not guarantee the accuracy or completeness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the views of Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

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