Lobo Tiggre: ‘Very Bullish’ On Gold & Silver and Why Oil is Not ‘Stupid Cheap’ Yet

Dec 22, 2025

Lobo Tiggre, the founder of the Independent Speculator and an expert on precious metals, shares his insights on current market trends. He’s bullish on gold and silver, predicting upcoming consolidation phases that could offer smart buying opportunities. Lobo discusses inflation, central bank gold buying, and Tether's gold purchases, noting a shift in demand dynamics. He also highlights bullish prospects for copper due to supply constraints while advising caution with oil and nickel. With a shifting macro landscape, he believes capital may rotate into precious metals amid economic uncertainty.

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INSIGHT

Bull Market With A Consolidation Phase

Lobo Tiggre expects the precious-metals bull to continue but foresees a normal consolidation after big gains.
He sees consolidation as an opportunity for new investors rather than a sign of a final peak.

INSIGHT

All Roads Lead To Inflation

Lobo argues all major macro threads currently point to inflation and monetary debasement.
He cites fiscal spending, Fed actions and geopolitical tensions as persistent inflationary drivers.

INSIGHT

Tether As A Major Gold Buyer

Tokenized-gold buyers like Tether represent a new, large-scale private source of gold demand.
Lobo notes Tether bought more gold recently than any central bank, shifting market dynamics.

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Stijn Schmitz welcomes Lobo Tiggre to the show. Lobo Tiggre is Author and Founder of the Independent Speculator Founder and CEO of Louis James LLC. The conversation explores the current state of precious metals and broader commodity markets, with Tiggre offering a nuanced perspective on the ongoing bull market. While gold has reached impressive heights, hitting over $4,000 and silver surpassing $66, Tiggre believes the market is not yet at its peak. He anticipates a potential consolidation period similar to previous market cycles, which could provide opportunities for investors who missed earlier entry points. Tiggre highlights significant macroeconomic factors driving precious metals, including widespread inflationary pressures, central bank gold buying, and a potential reallocation of investment portfolios towards gold. He notes interesting developments like Tether’s substantial gold purchases, which exceed those of many central banks, and increasing institutional interest in gold as a hedge.

Regarding other commodities, Tiggre is particularly bullish on copper, citing constrained supply and growing demand from various sectors including technology and population growth. He remains cautious about oil, lithium, and nickel, waiting for more compelling value propositions. On the potential for a market rotation into precious metals during an economic downturn, Tiggre believes such a scenario is possible but warns that sudden market crashes could temporarily impact even safe-haven assets. He advocates for maintaining liquidity to capitalize on potential market overreactions, emphasizing the importance of being prepared to invest when opportunities arise. Tiggre’s investment philosophy centers on seeking conservative, value-driven opportunities rather than chasing momentum. He suggests investors should be patient, avoid FOMO, and be ready to act when market conditions create genuine value propositions. His overall outlook remains constructive on precious metals, with an expectation of continued long-term growth driven by fundamental economic shifts.

Timestamps:
00:00:00 – Introduction
00:01:04 – Precious Metals Bull Outlook
00:03:13 – Inflationary Macro Pressures
00:06:32 – Central Bank Gold Buying
00:08:47 – Retail ETF Flows
00:09:46 – Tokenized Gold Demand
00:15:28 – Silver Physical Crunch
00:19:53 – Mining Stocks Value
00:29:38 – Base Metals Opportunities
00:35:51 – Oil Market Analysis
00:40:15 – Nickel Supply Challenges
00:42:55 – Recession Fears Discussion
00:47:16 – Capital Rotation to Metals
00:51:31 – Concluding Thoughts

Guest Links:
Website: https://independentspeculator.com
X: https://x.com/duediligenceguy
Facebook: 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.