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Lobo Tiggre: Why There's Not A Single Gold Mining Stock I Would Buy Today

Palisades Gold Radio Jul 22, 2026

Summary

Lobo Tiggre argues gold's long-term case — central bank buying and de-dollarization — remains intact, but he does not consider the correction's bottom confirmed.

He is holding cash for a potential fall to $3,000 gold — a deeper, 1980-style drawdown he calls his no-brainer buying level.

Gold miners look cheap versus the metal, yet he is buying no gold or silver stocks today, expecting even proven names to get cheaper.

Uranium is his top setup: the real long-term contract price keeps rising while spot lags, and spot historically snaps back upward.

Copper's structural supply crunch keeps him bullish long term, but war-driven demand destruction could create the low buying opportunity he is patiently waiting for.

Key points on Vizsla Silver

  • Tiggre calls the "Vizsla massacre" clearly negative — possibly a one-off, but a repeat would be bad for everybody — as a factor keeping him from resuming purchases of Mexican silver plays.

Lobo Tiggre's takeaways

  • Top takeaway Tiggre says he would not buy a single gold or silver stock at today's prices and is holding cash for a possible drop to $3,000 gold, the level at which he would simply buy.
  • He sees gold's long-term value proposition as intact on de-dollarization and central bank buying, but as of the recording does not think the bottom is confirmed, since the correction is deeper than those of 1980 and 2011.
  • He argues central bank gold buying is highly durable: the dollar remains the number one reserve currency, and he does not expect sovereign trust in the U.S. to return soon.
  • He calls copper his highest-confidence call of recent years on vast structural supply constraints, and is willing to wait for a war-driven selloff to buy the stocks cheap.
  • Uranium is his strongest current setup: spot has been flat at $85 while the long-term contract price has risen for a year, and he expects spot to snap upward and lift the stocks.

Stijn Schmitz's takeaways

  • Top takeaway Schmitz frames gold's 25-30% slide from its January peak as a correction within an ongoing precious-metals bull market.
  • He calls the war-driven supply disruption the largest commodities flow disruption in history, with inventories drawing down, and asks whether the structural drivers point to a Weimar-style inflation cycle rather than a normal bull market.