Lobo Tiggre:Uranium at a 15% Discount Is a Gift From the Market

Lobo Tiggre of The Independent Speculator joins me to discuss why he is buying uranium stocks, how fiscal dominance shapes his inflation outlook, and what would get him buying another oil sell-off.

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Recording Date 10-22-2026. In this episode, I ask Lobo where he sees opportunity amid geopolitical uncertainty, election risk, and concerns about the AI trade. We discuss fiscal dominance and why he believes enormous government deficits can overwhelm the effects of small interest rate adjustments. Using an illustrative $5 trillion in revenue versus $7 trillion in spending, we examine why inflationary pressure remains central to his outlook. We also review rising M2 money supply, revisit our premature recession calls, and discuss why Lobo prefers holding cash for opportunities rather than predicting the next market crash.

We then examine the disconnect between firm uranium prices and falling uranium equities through URNM and URNJ. Lobo explains why he is buying selected uranium stocks and sees the sell-off as a potential market mistake. We discuss Sprott Physical Uranium Trust, SRUUF, and the roughly 15% discount to NAV he last observed, while acknowledging further downside is possible. Turning to oil, we review my XLE exposure, including Exxon Mobil and Chevron. Lobo outlines a hypothetical recovery from $60 to $90 oil, a 50% increase that could potentially double selected stocks. We close with disciplined entry prices, patience, and the Casey free ride strategy.

Key Insights In This Episode

✅ Uranium stocks are Lobo's current buying focus despite the sector's continued weakness.

✅ Firm uranium prices and falling equities create what Lobo sees as a contrarian opportunity.

✅ SRUUF's roughly 15% discount was Lobo's last observation, rather than a verified current quote.

✅ Fiscal dominance underpins Lobo's inflationary outlook and preference for scarce real assets.

✅ Lobo favors buying an excessive oil sell-off while maintaining a higher-for-longer price thesis.

✅ Recovering original capital through profit-taking is central to the Casey free ride strategy.

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