Will Gold Price Collapse To $3,000? Inflation To Get Ugly | Lobo Tiggre

Summary

Lobo Tiggre discusses the latest US inflation report (CPI 4.2%, core 2.9%) and the Fed's dilemma under new Chair Worsh. He warns that gold's chart pattern resembles past major peaks, risking a 50% correction, and advocates holding large cash positions. He is bullish on uranium due to energy security trends, sees long-term copper deficits but near-term softness if the Middle East war persists, and flags oil as a buying opportunity if a peace deal emerges.

• US headline CPI hit 4.2% driven by energy, but core CPI is only 2.9%, creating a stagflationary backdrop.
• Fed Chair Worsh faces pressure to cut rates despite rising inflation, creating uncertainty.
• Gold pattern similar to 2011 and 1980 peaks; Tiggre warns of a possible 50% drawdown to sub-$3,000.
• He is 80% in cash, waiting to deploy into beaten-down opportunities.
• Uranium is a strong bull case as energy security push drives nuclear adoption and supply struggles.
• Copper has a bright long-term supply deficit story, but near-term war could create a dip buying opportunity.
• Oil would likely fall sharply if a Middle East peace deal emerges, offering another tactical buy-the-dip setup.