Financial Survival Network, Released on 7/23/24 (Recorded on 7/22/24)

Kerry Lutz and Craig Hemke discussed the recent movements in the metals market and the upward trend of Bitcoin. They expressed optimism about the potential for a strong seasonal period for gold and silver in August, citing historical trends. However, they also discussed the challenges of projecting future price movements in the gold market due to its unprecedented territory. Craig Hemke provided a comprehensive analysis of the silver market, illustrating its unique position as both an industrial and monetary metal, influenced by the movements of gold and copper. The conversation also touched upon the actions of market regulators and their impact on price movements, highlighting the complexities of the precious metals market. The discussion also focused on the seasonality of the market, highlighting the strength of late July through August and the first half of September. Craig Hemke provided insights into the economic fundamental picture, discussing the anticipation of rate cuts, the upcoming FOMC meeting, and the potential impact of the next jobs report. He also provided a detailed analysis of the Commitment of Traders report, highlighting the historical trends and their impact on gold and silver prices. Kerry Lutz acknowledged the significance of seasonality in market trends and discussed the potential impact of the upcoming jobs report on trading decisions. Overall, the conversation stressed the importance of physical metals as a long-term insurance policy against economic uncertainties, particularly in the face of escalating national debt and potential market volatility.

Known primarily by his nickname “Turd Ferguson,” Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.

  bitcoin, gold, investing, precious metals, silver