By However, he said his highest-confidence trade for next year is copper.
‘I think that it’s easier to see — and highly likely to see — copper moving higher next year,’ Tiggre explained.
That said, he’s not quite ready to pull the trigger on copper stock purchases.
‘I’m not rushing out to buy yet, because I think even in the little time we have left this year we’re going to see more bad economic news, and Dr. Copper with a PhD in economics always goes down with that sort of news. So I’m looking to that as a buying opportunity — I’m looking to maximize my upside by taking advantage of that.’
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
This post appeared first on investingnews.com
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