Craig Hemke: Gold’s Next Price Target, Key Silver Factors to Watch
[Music]
I’m Charlotte McLoud with investing
news.com and here today with me is Craig
Hemy publisher of tfmetalsreport tocom
it’s been around for 14 years now and he
tells me that he has seen some things so
it’s going to be a great discussion
today thank you so much for being here
Charlotte it’s my pleasure uh it’s great
to get to know you you do great work and
it’s h fun to be on your channel for the
first time so thanks for the invitation
yes I’m really excited to finally be
speaking with you I’ve followed you for
quite some time now on other channels so
hoping that it will be a good discussion
I was thinking I think many of our
audience members will probably be
familiar with you but just because it is
our first time talking I thought maybe
you could start by giving me a sense of
where you see gold in its current cyle
well it has been an interesting um well
it’s been an interesting 14 years as you
said uh when you make gold and silver
your soulle focus for the last 14 years
you see some stuff and you don’t have to
you know don’t have to have it be your
soul Focus for very long before you go
you know this is not like anything else
this this stuff trades in some unusual
patterns um and so anyway we’ve we we’
had that massive rally
13 14 years ago into 2011 then we all
kind of wandered the desert for four or
five years and finally started turning
higher again about 16 rallied that in
2019 and then the covid kicked in and
everything else and we put in those
highs for gold and silver in the summer
of 2020 and then just went sideways in a
Range the good thing about being in a
price range for that long is becomes
clear to just about everybody that has
an interest in the metals of what’s
going on you know it’s like oh boy
silver breaks down below 20 oh watch out
or gold gets above 2100 you know
similarly boy that’s a breakout so when
you get a long pattern like that of
consolidation got a lot of eyes on it
and so what we’ve been waiting for for
the last year and a half would was this
breakout when would this actually come
in Gold I thought it would be tied to
the fed and the initiation of cuts and
all that kind of stuff and it looked
like we were getting there late last
year and then you know that all those
rate cut expectations start to get
trimmed away in January and February but
then boom all of a sudden gold took off
and a lot of it was due to that breakout
because we had that I think about Friday
the 1st of March if I remember right
gold surged about $40 finished up that
week I think it was 2090 on a clear
breakout and then they had the whole
weekend for people to see it and what
happened we came back the next week it
shot another $100 higher as people
chased in chased after it getting the
momentum and has since added on another
whatever $150 $200 on top of that and so
now we’re kind of more in the kind of
pullback and consolidation period maybe
we have been for about a little over a
week and that’s normal that’s that’s how
it works um So currently I yeah you got
to feel pretty good that we finally
broken out that’s on everybody’s radar
and all the long-term charts look
particularly solid
but with gold and silver uh especially
with their price they’re never going to
go just straight up you know the people
would say oh yeah you know to the Moon
3000 just doesn’t work that way and so
we just kind of go that we’re the
typical pattern of two steps forward one
step back and then and the way things
look that should continue for a while
which is good okay okay really good to
get that long-term overview and I have a
couple of follow-up questions the first
I think is going to be if we look back
to that breakout at the beginning of
March you mentioned how you know
everyone was kind of expecting that gold
breakout might be tied to what’s going
on with the fed and interest rates but
ultimately that that doesn’t really seem
to be what triggered it so for you what
was behind that
rise a really interesting kind of
Confluence of events and again
ultimately it led to the breakout which
led to the surge of new money new cash
you know an excitement and that’s not a
typical I’m I I first got my stock
broker license 35 years ago and I spent
six or first seven six or seven years of
my career to stock broker and this is
true about everything Charlotte I mean
anything that makes a new all-time high
anything usually that generates some
excitement you know whether it’s a tech
stock or commodity or anything and
people jump on board you they wow look
at that you know they chase it higher
average it’s not kind of a rule of th
you get about a 10% rally on top of that
above that old all-time high so for my
last couple annual forecasts expecting
this breakout I thought we’d get you
know through 2100 tack on another 10%
you know that initial Target be about
2,300 or so again what was going to set
it off though that was the key what
caught everybody what set it off and
caught people by surprise left in
wondering what happened is we were right
at the top of that rage in late February
and on the last day of February we
closed higher like about 2050
I think that was the 13th or 14th week
in a row that gold had closed above
$2,000 on the spot chart it was a new
high monthly close all these things
going on and then on Friday March the 1
a normal day we’re up about $10 and one
of the fit well I call him goons one of
the FED Governors one of the FED goons
um I’m trying to remember which one it
was Waller maybe anyway he’s given a
speech middle of Friday morning March
the 1 and his speech was what’s how
what’s the FED going to do from here how
do they manage this going forward and he
made two points in his speech that day
he said one I think the FED needs to
kind of run off its Holdings on the long
end of the curve and bu the short end
and kind of flatten out the Y curve
which in its own right should lead to a
recession but more importantly he said
if we do that and we lessen our Holdings
long in that will give us room for the
next asset purchase program
what did he
say he said the next asset purchase wait
another QE program boom gold went up $30
in about I don’t know two hours that
morning and finished up that Friday at
the well we’re were talking about 2095
2097 something like that all these
breakouts and so it was just kind of
this Confluence of events that just
happened to kind of work in Gold’s favor
and then it took on a life of itself own
so that’s what led to it that’s kind of
why it caught Everybody by surprise just
because of where gold was when Waller
made that speech and now uh here we are
here we are yes I remember I remember
that day very clearly because we were
just heading off to pdac and we had all
these interviews scheduled over the
weekend so we’re waiting to see what
happened and it was it a very
interesting time so thank you for going
into that and I’m wondering for you so
what are the key factors you’re watching
right now for the gold price because as
you mentioned things have kind of Pann
out with with different surprise things
influencing the price so what are you
focusing on right
now well since this breakout happened
and we got to
2300 um then a couple of kind of
ancillary things have taken place last
few weeks we had this ramp up of of
geopolitical concer and a bit excuse me
and kind of a safe haven bid that came
into the gold future really around the
world because you know what’s going to
happen in the Middle East and that d
drove us up over 2400 twice and kind of
painted a little bit of a double top on
the chart you know you could at least
make that case now I mean it went up
there on geopolitical concerns but
nonetheless the chart’s the
chart on top of that you had this kind
of what appears to be a pickup of maybe
retail speculation in China where uh the
Shanghai uh futures exchange came in and
said ah we’re going to Tamp this down by
raising margins and limiting the size of
positions that people can take and that
kind of finally took hold and ran into
some profit taking back on Sunday and
Monday and that’s when we had goldf
whatever you know once that that
tumbling momentum happened there it
tumbled into Asia then we got on comx
and more selling and profit taking came
in comx had its own um couple of margin
hikes so all of a sudden that you bought
at 2400 now we’re 2350 and the margins
are going up just get me out you know
that and then just get this kind of
cascade down for
$24 so uh from here in the short term
and we’re in this kind of consolidation
phase which is fine because like I said
gold never goes up in a straight line It
Go two steps forward one step back we
get this Rush of speculative money every
buys it until it runs out of momentum
and then it tips over breaks a moving
average that kind of thing speculative
money comes back out you get like a 50%
pullback and then something happens and
you go back up and you make a new higher
high and then you come back down and
make a new higher low you know and
that’s kind of how bull markets and the
precious metals play out and so we’re
just kind of in that pullback phase at
this point what what we might need next
is this uh demon demonstrable whatever
the right word is slowdown in the US
economy we’ve gotten some kind of a
little shakier economic data lately I
think the main thing for people to watch
especially into next week with the next
fomc meeting is that chairman Powell is
said he said well I don’t you know
inflation is our number one thing but
I’ll put down on the back burner if we
get if I sense any weakness in the labor
market we don’t want to be too late in
cutting and he he spec he said that
twice after the last EP epy meeting so
he’s going to be out there again next
week he’ll probably reiterate that
probably then we get another jobs report
on Friday the 3 if we get some hints
then that oh no wait a second maybe raid
cuts are possible again you know because
now everybody’s starting to think maybe
we’re going to get a raid hike um if
rate possible rate Cuts come back in the
picture we’re already up here at $2,300
that could be the next spark to get us
you know that next leg higher so that’s
what I would well that was a long answer
Charlotte but hopefully I painted a
picture what people should be watching
for no that that was great I think
there’s there’s some familiar factors in
there that I think yeah we’ll keep
watching those to see how it goes so I
wanted to ask a little bit more about
the geopolitical angle so of course
we’ve got all these tensions going on in
the Middle East but you know another
factor that I’ve been hearing for a long
time as an underlying reason for gold’s
price rise is
dollarization and going back to Russia
being kicked out of the Swift system and
now I’m just going to check my notes and
make sure that I’ve got it right here I
believe we’ve got the US looking to
potentially allocate Russian assets to
US Banks in US Banks to Ukraine so I
wonder your thoughts on that and how
that could could play out
there a really bad idea um as most
politicians go it maybe feels good you
know oh we’re going to stick it to those
Russians right and there’s precedent in
the past you lose a war right you maybe
get stuck paying reparations for the
damage you cause I mean look at World
War I as an example problem is this I
the war is still being fought right and
so that’s what makes this unprecedented
um I have I remember at the end of
2022 and into 2023 when it would come up
and you we do like a year review or
interviews with people I’d say that the
war is a big deal don’t get me wrong but
the most significant thing that happened
in 2022 with the most biggest long-term
ramifications is what you mentioned
first weekend of March in 2022 the war
has been going on a couple weeks the US
kicks Russia out of Swift and freezes
about
$350 billion dollar worth of their
foreign currency reserves that were not
held in
Russia well that’s a pretty big deal if
you’re Russian or Chinese or you name
the country you know what the US
basically said is you either play ball
with us you do whatever we you know we
think is okay we’re going to just cut
you off with the knees for the financial
system well if I mean we may not you
know look at something China is doing or
India is doing or Russia is doing for
that matter whatever as being in the
US’s best interest but they may be
looking at it as their own best interest
you and so inevitably you know China or
someone is going it we’re gonna at some
point the Americans aren’t going to be
happy with us either because we got to
pursue our own policy and what happens
if they cut us off which they now shown
they’ll
do so that sped up it’s like you reach
down you know like on Wheel of Fortune
when Pat sjck reaches down and he gives
the wheel a big
shove that’s kind of what that Did It
sped up this whole dollarization thing
because these countries look around and
go wait a second we can see how this is
going to go we better have an
alternative in place for when you know
if there America does even more of this
kind of stuff well now they started
floating these trial balloons about six
months ago about well you know if
Congress isn’t going to give any more
money to Ukraine well why don’t we just
take some of is Russian money and give
it you know and it feels good as a
policy you know like I said well we’ll
just take it from but boy what a
terrible precedent it sets in terms of
rule of law and international monetary
system and abuse of This Global Reserve
currency status that the US has and so
by doing what the US did uh last week
and a few days ago by Now setting in
motion to at least see some of that not
much like eight or 10 billion dollars
but Nel last kind of opens the door for
the in countries to do the same that’s
old Pat just gave the wheel another big
old spin um one last thing about that
Charlotte a lot of times I’ll hear
people interviewed or I read stuff on
Twitter or whatever that make this
dollarization thing thing seem like it’s
like this binary Choice like it’s either
a or b you’re either the US currency or
it’s this and there’s like there’s a one
point in the middle that marks a no it’s
not it by offering this currency which
they’ll ultimately do all it does is it
draws demand away from the US dollar
okay you you have a different platform
you you don’t need the dollars as much
anymore people will still be used them
we’ll still be used in the US I mean
they’ll still be used in the US but the
demand for it globally will go down and
it’s like any other good that we learned
about an econ 101 you’ve got a supply
curve and you got a demand curve and
where they meet is the price and if the
supply is going up because of all the
debt and the demand for it is going
down it it equates to a lower price and
that’s what this dollarization thing
ultimately doeses it makes a lower value
of all the different Fiat currencies
especially the
dollar okay sorry sorry to send you off
on a little tangent there but I think
those are important points for for
everyone to keep in
mind that’s what I do man I my ADHD
kicking in I just go off on all these
there so anyway there you go okay I’ll
bring us I’ll bring us back to Gold
again so so you mentioned we’re in a
pullback period for gold we’ll hope to
post this in the next couple of days
we’ll see where the price is at that
point but this is natural so for you we
need to have these pullbacks before we
go higher I think um people are looking
ahead to 2024 and they do wonder what
the price potential is so curious about
your thoughts as we go up in this step
fashion
well now that we’ve come this far I mean
you have to start looking at potentially
what the next goal would be there are a
lot of technical
targets that all kind of line up around
2650 or
2700 I mean if you just even if you just
pull up an old logarithmic chart of the
price of gold and connect the 1980 High
to the 2011 high and just draw a line
that’s about 2700 as well so that’s the
next Target in my forecast this year I
didn’t think we’d break through 2300
until late summer early fall and then
you’d run up and then you get the
inevitable pullback well we’ve already
broken through we’ve already run up and
now we’re in the pullback and it’s only
April so there’s definitely room to
extend even higher let’s just say maybe
we can finish the
year 24
2500 you know that would be a pretty
good year that’d be 20% be double what
the average has been since the you know
the the turn of the century so that
would probably be a feasible Target at
least he could always be better than
that but I think that would at least be
to me that sounds manageable like in
workable that does that does sound
reasonable Okay so we’ve got a pretty
solid look at what’s going on with gold
right now and I have to make sure to ask
you about the gold stocks as well
because generally I think people would
expect or hope for them to outperform
gold which maybe in some cases we see
that happening but as a group not just
yet so what are you seeing among the
gold stocks what what do you think maybe
causing that disconnect and when did
they perhaps catch
up well the mining Shares are just I’ve
sworn them off multiple occasions in 14
years um and then they’re driving people
crazy again you know you I I give you I
give you a good example you know the
people want to buy a Mining share you
know mining company they’ll call up
their broker the broker said I know
maybe uh you know where you are in
Vancouver people know more about you the
mining sector but like in the US they’ll
call their stock broker their stock
broer buy them Newmont right baric well
you can pull up a chart the shares of
Newmont and barck are at the same level
they were 20 years ago and the price of
gold is five times higher and so what
that means in the end for anybody that
wants to try to make some get some
leverage and you know make a little
couple extra bucks by trading the mining
shares I mean I on my sight’s always
just been about physical metal and
preparing for you know the end of this
debt cycle you only make a few extra
bucks the mining shares you got to be
really smart about it and that’s hard
man even I I sit there and grade and GRS
per ton and you know all this stuff I
that’s I I have my own experts I turn to
and that’s what people should do they I
mean you’ve got to be selected you’ve
got to know uh you know the company’s
got to be streaming they got to manage
your cost really well they’ve got to
have reasonably high grade that they can
get at so they’re all ins staining cost
are low point is you’re going to be the
mining sector and you and you you’re
smart about it you can do okay when most
people are are being frustrated you know
because they just own the GDX or
something like that um the only other
thing I’d add to that then Charlotte is
I’d invite anybody um to inspect this on
their own go to a chart like a
barchart.com is a site where you can put
two things together
um and and plot them together over time
and you can see if there’s a correlation
I don’t know why but one of the tightest
correlations to the GDX a big G you know
gold minor ET is actually
silver doesn’t make any sense right I
mean I think go down to like the 14th
largest holding to find a silver company
but it is I mean it’s there your eyes
don’t deceive you and so if you want to
get
the mining Shar is to really perk up and
get a flow of funds and see the GDX get
above 33 and go back to 40 and
45 you’re probably going to need silver
to break out and start trading with a
three handle uh that day is coming you
know so the good news is that means you
know you haven’t the train hasn’t left
the station yet but it’s just an odd
peculiarity of life in 2024 that if you
want the gold miners to go up you’re
going to need silver to go up uh to make
it happen
right and maybe this is a good pathway
into talk about what’s happening with
silver as well so with silver we tend to
hear silver follows gold although it
lags behind is silver performing as you
would expect right now given what gold
is
doing well it is is moved to catch up at
least um you know with I remember
telling people when gold first got above
2100 and then went to 2200 and then you
know started moving to 2300 silver was
still like
24 and I’ve been talking a few people
off the ledge by say look if you believe
Gold’s going higher which I do and a lot
of people do silver is eventually going
to go just by virtue of the gold silver
ratio Gold’s not going to $2,500 an
ounce and silver is going to stay at 25
and have the ratio be at 100 to1 that
might only be 80 to1 but silver is then
going to get you know it’s going to
break out so silver finally did kind of
rush to catch up over last three weeks
got 29 uh
talking about charting I’d invite
anybody to pull up a chart of spot
silver over the last three and a half
years find the times when it has gotten
to 29 and notice how quickly it was
reversed in the calendar year in the
summer of 2020 to the summer of 2021 it
got up to 29 three
times the very next day each time it got
a big massive red
candle uh and shoved right back down uh
just in the last two weeks we’ve You’
seen that same phenomenon so there’s a
little line of the sand it has to cross
so you may need gold to keep going to
get it to where that finally happens and
the good news is when I said about gold
and how it got above 2100 then added 10%
and get this Rush of excitement because
it broke out and made a new all-time
high but most importantly it broke out
of that long that long range silver
hasn’t done that yet silver is still
roughly it’s at the top end up near 28
but it’s still kind of in that same
range that it’s been in now coming up on
four years so when silver breaks out
then you’re going to get this big huge
surge you know to 34 35 36 pretty quick
just like what we saw with gold go from
2100 2300 when that happens it’ll drag
the shares along and so again the good
news of all this it hasn’t happened yet
so there’s still time for people to kind
of position themselves accordingly uh to
profit from
it that that is good news and I think
hope we’re all familiar with the
connection between gold and silver I’ve
also heard you mention a connection
between silver and copper which I
thought was interesting and I wondered
if you could go into that is that an
industrial metal kind of thing is it
like a byproduct production what what is
going on there it is it’s it’s you it
gets back to the you know algo hft
dominated world that we live in now
right I mean so much of daily volume and
everything is now just computer driven
you know where the you the computers see
a signal or a headline or whatever ever
and then they respond they see the
dollar go up so then they dump their
gold you know that kind of thing well it
would make sense that there’d be a
correlation between copper and silver
and there has been for decades but
particularly now because they’re both
you know they’re Industrial Metals uh
they’re both very good conductors of
electricity you know there’s this kind
of green economy type trade that’s out
there um well copper has some very
interesting uh let’s say Supply
characteristics to it the amount of
abovegr supply the amount has been
levered particularly in China for
trading instruments a little bit like
silver here in the US and Copper’s been
moving up rather steadily over the last
several months is it because the global
economy is it you know the dollar has
been rising there a lot of maybe it’s
just a simple uh kind of short above
ground Supply shortage maybe anyway if
copper keeps going up this is like gold
in that gold silver istio like you said
Charlotte copper keeps going up uh
starts moving up to what 10 ,000 a ton
$5 a pound it’s about 440 or 445 a pound
now moves through the old highs from a
couple of years ago it’s going to get a
tedit and it’s probably going to go from
10,000 a pound to 12,000 a pound I’ve
seen like Robert friedin talking about
this well again that that’s talking from
going from 440 to
6 you’re not going to have gold you know
trading at whatever it’s trading at that
point copper is trading at six and
silver is still trading at 26 just the
machines will won’t let that happen and
so keep an eye on copper 2 it could be
the key to just kind of forcing silver
up through 29 and into the 30s and it’ll
from there it take on a life of its
own okay we will keep an eye on copper
as well and as we’re wrapping up I’m
wondering if we can talk a little bit
about strategies for investors right now
because sentiment I see is is very
interesting right now I’m not sure what
you’re seeing I think people are not
sure still if these are real moves we in
gold and two of L extent silver and and
maybe they’re wondering how to play it
so what are your thoughts keeping in
mind that of course every person is is
different well I’m gonna kind of go
backwards on that answer um I mean I
used to trade a lot and I don’t really
do it so much anymore I I actually in
the last month I made some money trading
uh silver options uh comc silver options
but that’s just luck I timed it right
you know I mean you just as easily have
timed it wrong um I I advocate against
trading to a great extent because it’s
almost like you know bet in sports you
might be right a couple times in a row
and you feel pretty good about yourself
and then you just you know give it all
back um what we talk about on my S side
um is what I said kind of preparing for
the inevitable collapse of this debt Bas
Sy we called the great keian experiment
because you reach a terminal phase and I
think we’re fing now getting there where
the debt is growing
exponentially uh and so quickly that the
amount of new Fiat money creation to Ser
even just to service the debt it all
just you know just begins to spend
Tighter and Tighter and out of control
your protection against that that sort
of collapse has always been the
ownership of physical gold and even and
physical silver too I mean that’s your
Safe Harbor in a storm so people can
trade this you know they all excited in
day trade or they can maybe try to make
a little long-term investment in a you
know really solid portfolio of mining
shares and that sort of thing and that’s
fun at the end of the day what we really
need to be worried about again is this
this m debt-based monetary system that
we’re in and the dollar is the world’s
Reserve currency people think because
it’s always been that way for as long as
they’ve been alive since 1944 then it’s
always going to be that way you know
that tomorrow is always going to be
yesterday but that’s not the case it’s
not always going to be that way and
people need to be prepared for when that
comes um so anyway so that’s like I said
anyway like I said kind of answer your
question backward it’s okay to trade and
it’s kind of fun and it can you know if
you get the trend right you can profit
handsomely in the end what we want to be
doing is stacking physical metal in your
own two hands you know don’t own it at
some bank and get a certificate for it
that they say oh yeah come back in 90
days we’ll get no take delivery store it
yourself own it yourself and that is
your safe har through this financial
storm and that’s the big picture stuff
that we have to be prepared
for okay I think very solid point to end
on but before I let you go I’ll put it
back to you in case you had any final
thoughts or if you want to let people
know where they could find you well I I
guess the the thing I would leave
everybody with this is what I do for a
living I’m kind of everybody’s eyes and
ears
um there’s a small monthly fee to be a
part of my site but I kind of I got to
watch this stuff every day uh five days
a week you know and it’s really almost a
247 thing to try to keep track of all
the different moving parts that affect
the precious metals this is a critical
time I mean it’s not just my side this
is a critical time for people to follow
your channel for example and get
information you know that’s outside of
the mainstream but objective and and
honest you know it’s like
this what we were just talking about
with the mainstream media if if you were
only listening to Bloomberg or CNBC or
you know what the BNN up in
Canada and you get these analysts on
there all day long we don’t know why
Gold’s going up doesn’t make sense to me
real rates are still high I don’t know
well I just explain to everybody why and
you so you have to have some honest
objective trusted source of information
you’re just going to be lost because
again we’re in a period now that is
we’re tomorrow is not going to be like
yesterday so you got to be thinking
outside the box and so uh I provide that
it’s the site that people that use my
site um provide great information all
day long too so I encourage everybody to
check it out just tfmetalsreport domcom
it’s a fantastic Community people around
the world all Poli we all the same boat
so we might as well help each other out
and uh then that’s that’s what we do
there going forward like I said Keep an
eye on Powell next week keep an eye on
the jobs report because and he said
several times last month that if he sees
the US job market weakening he will act
preemptively and put the inflation fight
on the back
burner so if we on this the first Friday
of May or the first Friday of June all
of a sudden you get a big up you know
all of a sudden employ unemployment is
4.2% or something like that the metals
are going to Bo and so and You’ be left
why well keep an eye on that kind offf
because that’ll be the the the kind of
the rationale for the next search
forward okay thank you very much for for
going into all these things going on
with gold and silver and I’ll leave a
link to your website as well in the
video description so people can check it
out if they want to learn more thank you
very much hey Charlotte thank you it’s
pleasure getting a chance to visit with
you feel feel for calling time I’m
always happy to help oh I I will
definitely I’ll give you another call
very soon and once again I’m Charlotte
McLoud with investing news.com and this
is Craig
hempy thank you for watching if you like
this video make sure you subscribe to
our Channel we’d also love to hear your
thoughts so leave us a comment below
we’ll see you next time
[Music]
Craig Hemke of @TFMetalsReport shares his thoughts on what’s behind gold’s big price rise and what could be next. While many factors at play, he emphasized the importance of preparing for the inevitable collapse of the current debt-based system.
“You reach a terminal phase, and I think we’re finally now getting there, where the debt is growing exponentially and so quickly that the amount of new fiat money creation even just to service the debt — it all just begins to spin tighter and tighter and out of control,” he said. “Your protection against that sort of collapse has always been the ownership of physical gold and physical silver too.”
This interview was filmed on April 23, 2024.
#Investing #Gold #Silver
0:00 – Intro
0:40 – Background
3:49 – What triggered gold’s rise?
7:11 – Gold price drivers to watch
10:58 – Russia and de-dollarization
16:03 – Next price target for gold
17:43 – When will gold stocks move?
20:59 – Silver breakout catalysts
25:40 – Debt-based system collapse
28:41 – Final thoughts from Craig
31:02 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
31 Comments
Been a turdite for years and listen to Craig daily. His insights into not only precious metals, but economies and Geopolitics is refreshing on a daily basis. Thanks Charlotte for having him as a guest. Love your show.
THANKS,,,,GREAT INFO.
Good comment about Powell talking about the "next" asset purchase program. The WEFers will suck out every drop of blood from the taxpayers before they collapse the system.
it'll cross $3000 this yr
Craig is a great guy. Thanks for having him on the channel Charlotte 👌
I have a quick question. Are you single Charolette? If so I am and interested in going on a date. I'm 50, 6'3", retired Wildlife Officer with a Federal Law Enforcement Agency and a U.S. Army MP Criminal Investigator, Owned and Operated several construction business and a farm, was a combat medic and still licensed as a specialist Paramedic. I'm 100% single, No Kids, Great Family, Educated and I love the outdoors where I spend a lot of time. So?
Thank you Charlotte
Think less of gold as a reserve currency and more as a reserve asset, as the central banks have done since Basel 3 has been implemented.
Only sheeple save there time and labor in usd. Only physical stackers survive.
Thanks for another great interview!
MMC.ASX Silver & Gold junior stock! 😊
not a fan of Hemke.
Sell gold buy silver
Charlotte is so pretty, i have a crush on her
Two of my favorites in the same interview, Thanks Charlotte and Craig!
Craig Hemke: "Gold at or above $2500 by end of year?" Really conservative viewpoint! All it would take for gold to spike to heights never seen before is a few MAJOR banks crashing in the U.S. and the dollar losing another third to over half of its value alongside out of control hyperinflation. How many of us have heard evidence that a spiking gold price is evidence of a failing/falling USD? Gold will soar & silver will follow and temporarily outperform gold, but because of its volatility, it'll scale down in price and gold will remain at the top – that's why gold was reclassified as a Tier 1 asset.
Great up to date info on metals Miss Charlotte and looking perfect.
The reason GDX tracks silver is that i think the bullion banks/hedge funds etc short them as its easier than shorting gold directly. They use this to indirectly cause the gold price to not go so high. This worked until the latest gold breakout. Other reasons are many gold mining companies are poorly managed and capital intensive and silver is a small market so more easily manipulated if you have enough cash to short it. (JP Morgan?)
Great discussion.
Black rock silver and silver viper worth a investment have a look
Thanks Charlotte for your interview with Mr. Hemke. 👍👍(the younger brother of Robert De Niro 😄)
STAGFLATION THE BEST ENVIRONMENT FOR PMS CANT WAIT
Fine video Charlotte and Craig was a fine guest. Thank you both.
From what I recall, there have been two or three years since the turn of the century that gold had an annual gain of ~20% or bit more.
White metals are being discriminated against.
Thanks Charlotte 👍
gold shills get their time in the sun
Great discussion!
Me thinketh what., great information with a……..casual style!@!?😁
I think its good if it takes the money, it doesn't set a bad reputation of rule of law, it sets the president that if you invade another country you get your assets seized, simple as that. If the Axis of evil China and Russia want there mony safe then send it to some other place. Why would we need it in our banking system!?
This guy takes along time to answer your questions, he is a story teller, just give us the facts not go all around the world with his story telling ways, waste of my time.