The KE Report, Released on 10/7/24

Craig Hemke, Editor of TF Metals Report, joins us to review the elevated oil, gold, and silver price levels, in context with geopolitics and macroeconomic factors. In lieu of the higher US dollar and interest rates, gold and silver have held up well, however, the gold and silver equities have just not fared as well lately, despite just likely putting in record revenues in Q3. Craig wonders if the markets are seeing the rising crude oil prices and extrapolating that out to rising costs in the PM miners. We take a deeper dive into his outlook on silver price overhead resistance levels, and if there is a chance to take out the all-time highs around $50. Additionally, we review the trend of 10.3% annualized gains in silver since the Great Financial Crisis, in 2009. Wrapping up we dive into different bigger picture macroeconomic trends in inflation, jobs, fed policy, and the burden of growing US debt payments, and those themes still hold the potential for future demand driven by institutional investors and generalist investors that wake up to precious metals as a store of value.

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.

  Craig Hemke, economics, economy, Fed, geopolitics, gold, oil, precious metals, silver