Lobo Tiggre: The Recession is Long Overdue and Markets are Far More Fragile Than They Let On

Tom Bodrovics, welcomes back Lobo Tiggre, author and publisher of TheIndependentSpeculator.com. They explore China's recent halt in gold buying by the People's Bank, which is deemed insignificant as ordinary Chinese people are increasingly seeking gold as a secure investment due to real estate crisis and the desire for alternative savings. The conversation revolves around potential economic indicators such as Jeff Gunlach's recession predictor and Rick Rule's perspective on an inevitable but not immediate recession. Lobo expresses worries about market fragility, investor panic, especially during elections, and possible implications of copper prices.



Despite considering copper an economic indicator with a trailing effect, Lobo remains bullish on it for the long term, though it might change his investment approach if there's a recession. Lobo observes that silver has behaved more like gold recently, prompting him to reconsider investment strategies and add silver back into consideration. Regarding Mexico, political instability and anti-mining sentiments are increasingly a concern, leading Lobo to reduce his Mexican stock exposure. The discussion also touches upon Argentina's President Milei, with potential risks of instability or violent events impacting investments, but optimism remains due to Milei's popularity and reform progress.



Lobo argues that political risk cannot be overlooked in Latin America and advocates for the potential profitability of gold stocks due to their ability to provide significant leverage to the underlying commodity. Additionally, he remains bullish on uranium as a potentially lucrative investment opportunity that has a long-term thesis.



Time Stamp References:0:00 - Introduction0:42 - A New Gold Buyer?8:38 - Macro Forces & Timing11:16 - Recession & Unemployment19:24 - Stock Market Optimism21:00 - Economy & Dr. Copper26:50 - Silver Outlook30:16 - Mexico & Capital Concerns34:50 - Latin America Trends43:43 - Mining Stocks Broken?49:51 - Uranium & Wrap Up



Talking Points From This Episode




Chinese people seek gold as alternative savings amid real estate crisis, disregarding People's Bank pause in buying.



Lobo remains bullish on copper for the long term but may change approach if recession occurs. Silver behavior prompts strategy reconsideration.



Political instability in Mexico and Argentina raise concerns.



Gold stocks offer potential profit due to commodity leverage. He remains bullish on uranium long-term.




Guest Links:Website: https://independentspeculator.comTwitter: https://twitter.com/duediligenceguyFacebook: https://www.facebook.com/louis.james.965580/Linkedin: https://www.linkedin.com/in/lobotiggre/



Lobo Tiggre, aka Louis James, is the founder and CEO of Louis James LLC, and the principal analyst and editor of IndependentSpeculator.com. He researched and recommended speculative opportunities in Casey Research publications from 2004 to 2018, writing under the name "Louis James." While with Casey Research, he learned the ins and outs of resource speculation from the legendary speculator Doug Casey.



Although frequently mistaken for one, Mr. Tiggre is not a professional geologist. However, his long tutelage under world-class geologists, writers, and investors resulted in an exceptional track record.



A fully transparent, documented, and verifiable track record is a central feature of the IndependentSpeculator. Mr. Tiggre will put his own money into the speculations he writes about, so his readers will always know he has "skin in the game" with them.