Lobo Tiggre: Gold and Silver Will Head Higher and This is Where I’m Investing My Money
Lobo discusses the current consolidation in gold and the retesting of support levels. He cautions that some gold pundits focus too much on the supply-demand characteristics of gold while missing the bigger picture that gold is primarily a safe-haven asset. When there is blood in the streets, there is no correct price for gold.
Companies will always put their best foot forward, and that is why due diligence is key. They are not likely to discuss the background issues with their projects. Therefore you need to get information from someone who has been on the ground, and there are a great number of things that can go wrong while developing a mine. Investigating is often the only way to find out essential details about projects before the rest of the market, and ultimately that is the goal for an investor.
Lobo discusses how easy it is to pick stocks during a bull market run and confuse that with skill. Hubris is mistaking upward market momentum for your own personal genius. He regrets not seeking and obtaining more advice from experts in the field since that could have reduced his losses back in 2008. Also, understanding how individual deals worked in more depth could have prevented him from exiting positions prematurely.
He recommends “The Intelligent Investor” by Benjamin Graham because of its important focus on understanding investor psychology.
He sees the current gold correction as an opportunity that investors should not miss, and some big names are getting involved in the marketplace. Also, investors should research the current events happening in uranium and the supply issues with nickel.
Time Stamp References:
0:40 – What is driving the gold market.
4:15 – Going onsite and due diligence.
8:20 – Lessons learned in investing.
12:30 – Favorite book on investing.
14:50 – This gold correction is an opportunity.
Talking Points From This Week’s Episode
• Gold’s current consolidation and retest of support.
• Due diligence and why it is essential for investors.
• Lessons learned from hubris and lack of knowledge.
• Current events in uranium and nickel.
Lobo Tiggre is the founder, CEO, and principal analyst and editor of Louis James, LLC. He researched and recommended speculative opportunities in Casey Research publications from 2004 to 2018, writing under the name “Louis James” for privacy reasons. While at Casey Research, he learned about the newsletter business from Casey co-founder David Galland, and resource speculation from the legendary speculator Doug Casey himself.
Although frequently mistaken for one, Mr. Tiggre is not a professional geologist. Nor does he hold the CFA designation, and he is not a licensed financial advisor. Tiggre is a speculator who, during his time with Doug Casey, also learned from many other industry leaders, including Sprott-Global’s Rick Rule, former newsletter writer Bob Bishop, fellow newsletter writer, and geologist Brent Cook, exploration geologist and multiple mine-finder Ron Parratt, and many others.
Mr. Tiggre is a graduate of Aiglon College in Chesières-Villars, Switzerland. His formal education included studies in physics at Rensselaer Polytechnic Institute. He also studied economics at UNC-Chapel Hill and wrapped up with a magna cum laude BA in sociology from Duke University. Tiggre grew up speaking both Spanish and English. He later learned French, German, and is now working on Russian.
He is happily married with five children and lives in San Juan, Puerto Rico.