VRIC Media, Released on 2/21/26

Today on the show, Lobo Tiggre breaks down why this doesn’t look like a blow-off top in gold, why bullion and mining stocks must be treated differently, and how to think about margin expansion, political risk, and investor psychology in a volatile bull market.

00:00 – Intro
02:06 – The “Debasement Trade” & Central Bank Buying
06:17 – Bullion vs. Mining Stocks: Two Very Different Trades
07:46 – Why Gold & Silver Stocks Haven’t Really Corrected
10:58 – All-In Sustaining Costs & Margin Expansion
13:28 – What Happens to Miners in a 2008-Style Liquidity Event?
16:03 – Silver Outlook: Industrial Demand, AI & Nuclear
19:40 – Volatility, Profit-Taking & Surviving 50% Drawdowns
22:54 – Mexico, Cartels & Jurisdictional Risk
29:13 – Copper: Structural Supply Deficits & High-Conviction Trade
33:16 – Uranium vs. Copper: Supply Constraints & Tail Risk
39:00 – Platinum & Palladium: Industrial Metals or Mania Trades?
42:24 – The Independent Speculator Strategy & Portfolio Approach

Lobo Tiggre, aka Louis James, is a legendary speculator and was Doug Casey’s protégé at Casey Research for almost 14 years, until early 2018. He joined the Casey team in 2004. By 2007, he was writing and making investment recommendations in Casey’s flagship newsletter, the International Speculator. Now he brings his experience, his connections and his deal flow directly to you, without the barrage of marketing hype used by larger publishers. He is now the editor of IndependentSpeculator.com.

  gold, investing, Lobo Tiggre