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Lobo Tiggre

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Lobo Tiggre, aka Louis James, is the founder and CEO of Louis James LLC, and the principal analyst and editor of the Independent Speculator. He researched and recommended speculative opportunities in Casey Research publications from 2004 to 2018, writing under the name “Louis James.” While with Casey Research, he learned the ins and outs of resource speculation from the legendary speculator Doug Casey. Although frequently mistaken for one, Mr. Tiggre is not a professional geologist. However, his long tutelage under world-class geologists, writers, and investors resulted in an exceptional track record. The average of the yearly gains published for the flagship Casey publication, the International Speculator, was 18.5% per year during Tiggre’s time with the publication. A fully transparent, documented, and verifiable track record is a central feature of IndependentSpeculator.com services going forward. Another key feature is that Mr. Tiggre will put his own money into the speculations he writes about, so his readers will always know he has “skin in the game” with them

Louis James - Over the weekend, my team and I published our first major work of current investment analysis, which is available for free to the general public. Considering the market carnage of late 2018, this seems prudent and timely. Our idea was that failed investment ideas are fairly obvious to all, but ideas that worked in the past—especially […]

HoweStreet.com Radio - Ideas that just don’t work any more

Louis James - When Wall Street was melting down towards the end of 2018, I frequently heard the talking heads on financial media saying the market was oversold. The term has a general meaning of price being below “true” value—whatever that is. In this sense, assuming there’s some reasonably objective measure of value, oversold does mean undervalued. But […]

Louis James - In the final quarter of 2018, the conflict between the US and its trading partners, especially China, became the #1 explanation for Wall Street tanking. Personally, I don’t think it takes much explaining for why markets should correct after a record bull run. But the trade war with China began showing visibly painful consequences. Big […]

January 4th, 2019 | The Prediction Racket

Louis James - This is a time of year when all sort of pundits make predictions. The S&P 500 is going to 3,000! Or 2,000! Gold is going to $1,400! Or $700! I confess that when I first started out in this business, I made gold price forecasts as well. I outgrew it. You see, no matter how […]

Louis James - I’ve been saying for a while now that the trade war is the big variable to keep an eye on in 2019. If it worsens, it will be bad for commodities prices in general. It will also likely hurt the US Dollar. That and the fear should push precious metals higher, as it has over last quarter. […]

HoweStreet.com Radio - What could give the markets a giant pop in the New Year?’

Louis James - The talking heads are at it again—the majority, at least, seem to be genuinely puzzled as to why mainstream equities markets keep selling off. Fundamentals are strong, they say. Corporate profits are up. The US economy is doing fine. Consumer confidence is high. Unemployment is low. Clearly, Mr. Market has lost his marbles! That this […]

December 17th, 2018 | What Is High Grade?

Louis James - There seems to be a lot of confusion among resource investors regarding what is considered “high grade”—and not just because it varies by metal. I suspect there are aggressive promoters out there making things worse by describing projects that are not really high grade as “high grade for this region,” or “high grade for this […]

HoweStreet.com Radio - Has US-China Trade War Resorted to Hostage Taking?

Louis James - Ever since vanadium prices went vertical, I’ve been warning that the spike was not likely to be sustained. In my last update, in October, I said: I’m skeptical that a 30% increase in use in Chinese rebar justifies a 500% increase over recent vanadium price lows. I’d still think this way, even if China were […]

Louis James - Yesterday morning, on Yahoo Finance’s Live Morning Edition, Yahoo’s Myles Udland said that the First Amendment does not guarantee freedom of speech, but freedom to criticize the government. That’s par for the course if he went to public schools in the US and had politically correct teachers in college. But then he went on to […]

December 10th, 2018 | Exit Strategies

Louis James - An astute reader asked me about exit strategies going forward, specifically in light of the lack of one during the 2011 peak for resource stocks. That may seem like a problem for another day—a day that may seem far distant while resource markets are still down. But it’s good to think ahead. First, let me […]

December 8th, 2018 | Palladium—I’m not a Bull

Louis James - There’s talk that palladium may soon see higher prices than gold. I’m skeptical, but it could happen. If it does, I think it will be brief—and it won’t be because of permanent changes in either metal’s nature or market. Palladium becoming temporarily more expensive than gold won’t make it a monetary metal or a safe […]

Louis James - I’m not ready to sound the alarm and tell everyone that it’s time to head for the fallout shelters—but the bogeys on the radars of the broader equities markets are multiplying. I’ve removed the cover from the alarm button. I’ve already offered some guidance on what to do if we do get another major market […]

Louis James - There’s an old joke in the exploration business. A mining company hires a geophysics company to survey their property. The president of the mining company looks at all the colorful diagrams that result and asks, “Okay, so where’s the deposit?” The geophysicist shrugs and replies, “Where do you want it to be?” I might chalk […]

Louis James - Last Friday, I wrote: [S]ome sort of trade agreement between the US and China could be announced. Again, I can’t put odds on this, but it wouldn’t have to be much of an agreement to send global markets off to the races. Even an agreement to work harder on getting to an agreement would likely […]

Louis James - Financial media have unleashed a torrent of words on what to expect from the G-20 Summit. From Russia and Ukraine on the brink of war to the Saudi prince no one wants to be seen with, there’s a lot to talk about. But it’s the meeting tomorrow night between Presidents Trump and Xi that most […]

Louis James - It’s disturbing to suddenly find that one has something in common with the likes of Lee Harvey Oswald. Fortunately, the commonality is merely circumstantial: we both came to Minsk, Belarus and fell in love with a woman here. But it was still something to discover at dinner here in Minsk last night. After a fabulous […]

Louis James - A MarketWatch story about the collapse of India Globalization Capital (IGCC), a blockchain pot stock, caught my eye yesterday. The article details many red flags. My favorite was that a distributor’s store locations in major cities around the world all showed maps of Central Park in NYC, and, “Its address is listed as Sesame Street.” […]

November 20th, 2018 | This Could Get Ugly—Very Ugly

Louis James - The speed with which “This party can go on forever!” optimism on Wall Street is shifting to “The long-overdue bear is nigh!” terror is surprising—even to me, and I’ve been predicting it. This has me thinking about the long-delayed “exiting of the eye of the storm” my friend Doug Casey has been calling for. I’m […]

November 19th, 2018 | Price vs. Value

Louis James - A vital notion all investors—especially speculators—should be crystal clear on is the difference between price and value. In a perfect market with perfect information dealt with by perfect people, the two would be the same, on an aggregate basis. But none of these things are perfect in our world.  Consider what happens when a large, […]

Louis James - I first encountered a logical and persuasive defense of hard money in Ayn Rand’s novel Atlas Shrugged. But long before then, I understood very well that gold and silver are valuable. It started with copper. You see, as a small boy, I started collecting pennies—which were still made of copper at the time. Once I […]

HoweStreet.com Radio - Japan, Uranium, FAANG’s

Louis James - The end of fiat currency isn’t happening today. It probably won’t be tomorrow. But at some point it’s gonna be curtains for all these worthless little pieces of paper governments around the world have forced people to use as money. That day might have been much further in the future before bitcoin exposed the fact […]
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