(Kitco News) Commodity supercycle or not, copper has one of the "most bullish cases" around, said Lobo Tiggre of The Independent Speculator.
No matter the general sentiment around commodities, the copper supply-side ensures price gains in the future.
"I like copper a lot. It is one of the most solid bull cases. And even if the commodity supercycle does roll over, I could see copper keep on going," Tiggre told Michelle Makori, editor-in-chief of Kitco News.
And even though copper is no longer cheap at $4, it doesn't mean the rally is over, he pointed out. "It takes ten years for [mines] to come online. And even once you line up the financing, the permits, and all that other stuff … it still takes five years for these big copper mines to come online."
Remember the '70s? Watch the energy shock & look for gains in gold, silver, and copper, says Lobo Tiggre
Gold Silver by Zlaťáky.cz is licensed under Unsplash
Gold Silver by Zlaťáky.cz is licensed under Unsplash