Why gold has bottomed and uranium will be next year's hot asset
(Kitco News) - The only thing that really matters for uranium prices is supply and demand, this according to Lobo Tiggre, principal analyst and editor of The Independent Speculator.
“Ultimately…as much as uranium bugs are waiting to see whether or not President Trump will support uranium producers, at the end of the day, it’s really about supply and demand here,” Tiggre told Kitco News.
Tiggre’s comments come as uranium prices rose from November lows, from $23.85 a pound to $25.95 a pound on Thursday.
On gold and silver, Tiggre said that precious metals are still safe haven assets that investors will flock to during times of equities volatility.
“In a broader look at the future for 2020, do I see a safe world where investors have nothing to worry about? No,” he said.