The long-term contract price for uranium hit a record $99 per pound on Oct. 31, according to TradeTech, even as the Sprott Uranium Miners ETF saw a sharp decline of 52% from its January peak. Tiggre attributes the selloff to investors exiting the sector after using it as a proxy for artificial intelligence stocks, compounded by premature tax-loss harvesting. He argues that this market weakness is a gift, noting that he is prioritizing high-quality blue-chip miners over speculative junior explorers.

While Tiggre maintains a long-term interest in bullion, he remains sidelined on gold and silver stocks, waiting for a better risk-reward setup. He expects the uranium spot market to eventually snap back and potentially exceed long-term contract prices by the end of the year. Beyond commodities, he is watching the inverse correlation between oil and copper to navigate potential market volatility, maintaining a disciplined strategy of building positions in increments rather than chasing price rallies.