Published: 2022.06.03. Lobo Tiggre: Gold under pressure, but the future is good

Lobo Tiggre: Gold under pressure, but the future is good - Preview

The founder and editor of IndependentSpeculator.com said in an interview that, contrary to popular belief, he does not believe that the US Central Bank will be able to tame inflation and provide a "soft landing". In his opinion, leading economists make incorrect forecasts using models based on incorrect assumptions. "I believe that many economists - if not most - work with imperfect models," Tiggre said. "It's extremely dangerous for your wealth right now because if these models are wrong, the tools won't work the way they think."
However, he does not believe that the uptrend in commodities will be interrupted by the actions of the Fed. “I think this is all very optimistic for the future of commodities. I think that as long as the errors persist, there will be a "headwind" for monetary metals, gold and silver - these are not just commodities. But once these errors become apparent, I think it will be extremely favorable for gold and silver.” Tiggre is particularly bullish on uranium and copper.