Craig Hemke – Making Sense Of The Recent Volatility In The Precious Metals

The KE Report, Released on 4/15/24

Craig Hemke, Founder and Editor of TF Metals Report, joins us for a nuanced discussion on why we’ve seen such volatility in the precious metals sector from the end of last week into this week. We cover a lot of ground getting into technical resistance and support levels in gold and silver, the massive volume in futures contracts last Friday, geopolitical concerns, pricing levels being painted to manage market expectations, and the confusion seen in main stream financial media around the recent rally in the PMs. We also touch upon the breakout in across the commodities sector, with rallies in oil and copper and their related stocks, indicating the shifting narrative on the Fed rate cuts and the health of the US economy. Despite an uptick in interest in the PM mining stocks, they are still underperforming the moves in the underlying commodity, compared to other resource stocks like the oil and copper stocks. Wrapping up, Craig looks ahead to the key economic data that will be moving the markets, and also reiterates keeping an eye on the general US equities for any more potential weakness, that could spill over into the commodities sector.

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.

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