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

    ________________________________________________________________

    Investing News Network (INN)

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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

    1. 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.

    2. 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.

    3. 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?

    4. 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.

    5. 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?)

    6. 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!?

    7. 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.

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