“I Started Buying Again” | Lobo Tiggre

Finance-focused Summary (Precious Metals, Miners, Macro, Positioning)

Macro & geopolitics driving gold and miners

• Loa Tiggre’s read: markets appear to be pricing the war as “over” (or at least moving toward a “less fire” / winding down scenario).
• Oil is a key variable:
  • The U.S. wants out / lower oil prices.
  • The IRGC wants oil sales to rearm/regroup.
• If geopolitics doesn’t re-escalate, attention may shift back to the Fed / monetary policy, which matters for gold through:
  • Real rates
  • The risk that “hawkish = bad for gold.”

Inflation & rates: why gold may stay volatile

• Gold recently fell below ~$4,000 on rate-hike fears, then recovered to around ~$4,100.
• Even with oil down (cooling one input), inflation pressures may remain:
  • EU inflation prints are cooler
  • but U.S. prints are still up
  • PPI remains elevated in both Europe and the U.S. and hasn’t fully passed through to consumers yet
• Bottom-line caution: “stickier for longer” inflation could create near-term downside for gold/silver, even if the longer-term case is constructive.

Technical/history comparison used as risk framing (not a prediction)

• A chart-behavior comparison to 2012 is used (with a Jan 2026 overlayed on Sep 2011).
• Interpretation:
  • Not presented as a guaranteed repeat of a bear market
  • but as a warning that it could imply correction/consolidation
  • with the next big move potentially down (short/intermediate risk)
• He adds a rule-style warning: “Never confuse the inevitable with the imminent.”
• He emphasizes the message is risk consideration, not a direct forecast of a multi-year decline.

Why $4,000 is a key psychological market level

• If gold breaks significantly below $4,000, it could trigger more selling / stop-outs.
• A “floor” hypothesis he’s watching:
  • Over the last month there were multiple overnight plunges below $4,000 followed by rapid rebounds
  • Speculation: a “deep-pocket buyer” (possibly a central bank accumulating gold) may be buying dips until fully allocated
  • If that continues, $4,000 could act as a floor
• He argues that if dip-buying persists and the behavior diverges from prior peak patterns, it would be bullish.

ETF outflows & the liquidity question

• He notes ETF outflows (gold ETFs implied) and asks where the liquidity goes:
  • Is it only plugging holes elsewhere?
  • Or is it rotating into other assets?
• He jokes about limited overlap between “gold bugs” and “SpaceX/Space” types of investors.

Precious metals as a “hedge” demand shift

• Demand is framed less as pure speculation and more as:
  • capital preservation
  • hedging
• He argues that investors/family offices/deep-pocket “old money” increasingly want hard assets as a hedge against ongoing geopolitical risk.
• Rick Rule allocation argument (as stated):
  • Gold allocation historically around ~2%
  • Recently around ~0.5% (he claims it may have moved to ~1%)
  • Further demand could be needed to return toward the mean.

Performance trigger he highlights

• After an ultra-weak U.S. jobs report (weaker than expected), precious metals rallied:
  • Gold up roughly ~3%
  • Silver up more than gold
• His interpretation: buyers may be waiting for downside momentum to stabilize.

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Investing / Portfolio Ideas & Explicit Frameworks Mentioned

Framework / decision logic (implied)

If the Fed/inflation reaction function is changing because geopolitics cools, then near-term gold moves may be driven by:

• Higher inflation prints / hawkish Fed expectations → potential headwinds
• Weaker labor / risk-off data → potential tailwinds

Positioning approach for metals/miners (as described):

• Buy gold/silver stocks when low (“on sale”)
• Sell when high
  • Emphasis is on miners/equities as a trading framework, not “buy/hold physical gold as savings.”

Risk management caution

• He reiterates: don’t assume bullish inevitability equals imminent upside.
• Even with bullish fundamentals, gold could still sell off further.

Explicit recommendations / “shopping list” theme

• He says he hasn’t bought gold/silver stocks yet, despite bullish arguments.
• He’s avoiding “catching a falling knife” if markets resemble a Jan 1980-style path (framed as a possible risk scenario).
• He has bought oil exposure for the first time in months and says:
  • His clients’ “shopping list” is all oil stocks.

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Key Numbers, Levels, and Instruments Mentioned

Gold price level(s)

• Discussed around ~$4,000 (psychological line)
• Mentioned trading below $4,000, then recovering to ~$4,100
• References comparisons to earlier cycle context and “interim peaks”

Gold historical / market comparisons

• 2012: sideways then fell off a cliff → leading to roughly a four-year bear market (as described)
• Comparisons include 1980, 2011/2012, and a 2026 timeframe overlay

Inflation / rate expectations (as stated)

• Mentions “rate hike fears ~17% expectations”

Interest-rate / Fed backdrop

• References Fed rate hikes in 2022 March/May
• Notes that period as when risk capital disappeared

Other commodities

• Copper: he likes copper, but says “over $6 isn’t cheap” (explicitly references $6 copper)
• Uranium: mentions “90 bucks” and that he’s averaging spot in long positions
• Oil:
  • His oil call is tied to a memorandum of understanding
  • He states oil is the mineral where he sees opportunity and bought an oil stock after months

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Tickers / Asset Names / Sectors

Tickers

• No specific ticker symbols are provided in the subtitles.

Companies / brands / assets explicitly named

• First Majestic Silver (sponsor)
• Starlink (service; discussed conceptually)
• SpaceX (mentioned as a capital-market rotation target)
• Nvidia (example of momentum-chasing profits redeployed)
• Blue Origin (competition reference vs. SpaceX)
• Sovereign gold sales referenced for Turkey and Russia (no tickers provided)

Sectors discussed

• Precious metals
• Gold miners / silver miners
• Oil stocks
• Copper
• Uranium
• Space / space infrastructure (Starlink/SpaceX)

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Risk Management / Cautions (Explicit)

• Don’t treat bullish fundamentals as immediate upside:
  • “Never confuse the inevitable with the imminent.”
• Near-term gold could head lower if inflation proves stickier or rate-hike expectations rise.
• A material break below $4,000 could trigger additional selling.
• Strategy distinction:
  • Physical gold framed as savings/hedge
  • Gold/silver miners framed more as trading/investing
  • Momentum-chasers may get shaken out, while long-term hedge demand may persist

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Disclosures / Disclaimers Mentioned

• The discussion uses “Rick Ruleism” framing (no verbatim legal disclaimer like “not financial advice” appears in the subtitles).
• He says he is speculating about a possible central-bank dip-buying mechanism.
• He references his own work:
  • Mentions a free macro letter
  • a paid product (“hard-earned money”)
  • and provides a website

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Presenters / Sources (Named)

• Kai Hoff — host (“Edj Mining guy” as described)
• Loa Tiggre — guest (Independent Speculator)
• Rick Rule — referenced (allocation / “inevitable vs imminent” framing)
• Brent Johnson — referenced (check theory / dollar thesis)
• David Lynn — referenced as the originator of a question Loa Tiggre says he’s “stealing”