Lobo Tiggre Targets Uranium as Record Contract Prices Create Buying Chance

Lobo Tiggre of The Independent Speculator sold most gold and silver holdings early this year at much higher gold prices and has redirected cash into uranium, seeing a clear buying chance in the widening gap between rising contract prices and falling miner shares. Long-term uranium contracts hit a record $99 per pound while the Sprott Uranium Miners ETF dropped 52% from its January peak. He attributes the selloff to AI-related exits and early tax-loss selling rather than fundamentals.