On Wednesday, May 25, I sat down with Lobo Tiggre, aka Louis James, aka The Independent Speculator, aka an overall great guy with two decades of experience in the mining industry, to have a conversation about uranium, shipping, oil, platinum, gold, silver, and even copper.
During the first part of our conversation, I gave Lobo my list of metals that I’m bullish on (uranium, platinum, gold, silver, copper) and asked him to give his two cents on each one of them. We also ended up talking about shipping, which Lobo understands might be a promising proposition but has chosen not to invest in as it falls outside his circle of competence.
Lobo told me that he holds a very large cash position at the moment as he expects a big overall market crash in 2022, which – he tells me – will bring everything down, including the commodities sector.
Tiggre hasn’t been selling, but he also hasn’t been buying anything as of lately. He told me he is “sending as much money as possible” to his brokerage to be able to take advantage of an upcoming opportunity. He doesn’t want to sell, though, because nobody can foresee everything. So, a crash may not come in 2022, 2023, or even until 2030 – nobody really knows. However, the percentage of cash he’s now holding doesn’t cause a large holding/opportunity cost so he can afford to hold it.
Other than that, Lobo told me that the basis of his portfolio is made up of gold & silver. He said the precious metals represent about 50% of his holdings. Uranium makes up another 30%.
During the second part of our conversation, Tiggre and I spoke about how to become and remain a profitable speculator during frothy markets and long periods of time. That part, although less title-worthy, was a very important one, in my opinion.
Antonio Atanasov is not an investment advisor. Antonio Atanasov has a high risk appetite. Antonio Atanasov might own, buy, and/or sell shares of companies discussed herein without prior notice. Resource Talks is not receiving financial compensation from any company for the publication of this article nor discussing any company or investment. The information provided in this publication – and all other publications by Resource Talks – is impersonal in nature and meant for general information purposes only. Before taking any action on any investment, it is imperative that you consult with multiple licensed, experienced, and qualified investment advisors. Get numerous opinions before taking your own decision in the end. The minimum risk on any investment mentioned in this publication is 100% loss of capital.
Shortly: you will lose all of your money if you listen to people on the internet.
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00:00 Important warning
02:00 How did VRIC go? Is it still worth going?
30:00 Gold & Silver
40:00 Lobo’s ranking on all of the above
45:00 How to see Lobo’s stock picks
49:30 How much cash is Lobo holding?
51:30 Lobo’s exiting strategy
59:00 How does Lobo pick his companies?
01:03:00 How to diversify properly?
01:06:00 The 1 thing Lobo would never compromise on
01:11:00 How does Lobo measure risk/reward?
01:17:00 What does Lobo have his success to thank to?
01:27:00 Macro overview & closing thoughts
Was there something wrong with what the guest said? Did I fail to ask an important question? Please tell me about it. Criticism and skepticism are highly welcome.