It’ll Happen OVERNIGHT! What’s About to Happen to Gold & Silver Prices Will SHOCK You – Craig Hemke

It’ll Happen OVERNIGHT! What’s About to Happen to Gold & Silver Prices Will SHOCK You – Craig Hemke

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 centuries so when
silver breaks out then you’re G to get
this big huge surge you know to 34 35 36
Prett quick just like what we saw with
gold gold from 2100 2300 gold
experienced modest gains on the spot
Market on Friday Rising by 0.7% to reach
$2,349 per ounce before releasing a
crucial US inflation report however
despite this uptick gold is poised to
record its first weekly decline in 6
weeks in parallel silver exhibited
fluctuating movement during early
trading hours on Thursday oscillating
between the $
27.50 and $27 levels Craig Hemy from the
TF medals report reflects on the recent
price movements of gold and silver
highlighting how silver initially lagged
behind Gold’s upward trajectory but
eventually caught up Hemy emphasizes the
historical relationship between gold and
silver prices suggesting that if One
Believes In the continued rise of gold
silver is likely to follow suit silver
prices found temporary support near the
$27 Mark during Thursday’s European
session following a notable sell-off the
previous week the white metal garnered
some buying interest as the US dollar
softened however the start of 2024
presence challenges with silver
anticipated to record a substantial
deficit in 2023 despite this the
precious metal could face headwinds amid
the US Federal reserve’s commitment to
maintaining higher interest rates in the
New Year from a technical standpoint
hemk underscores the significance of
Silver’s $29 price level in recent years
despite the current pullback hemk
remains optimistic about Gold’s
potential to extend its rally projecting
a target of $2,400 to $2,500 by yearend
representing a notable increase compared
to historical averages JP Morgan chimed
in on Thursday reaffirming Gold’s
structural bull case with a peak Target
of $2,600 per ounce the bank maintains a
positive long-term outlook for gold
although it acknowledges a shift in
favor of the US dollar in the near term
come along as we explore Craig hempy’s
valuable insights don’t miss out on our
latest updates subscribe to our Channel
and activate notifications thank you for
tuning in 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 at 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 $2500 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 talking
about charting I’d invite anybody to
pull up a chart of spot silver over the
last three and A2 years find the times
when it has gotten to 29 and notice how
quickly it was Reb first 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 and shoved right back
down uh just in the last two weeks we’ve
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 it 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 Prett quick just like
what we saw with gold go from 2100 to
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 I mean you have to start
looking at potentially what the next
goal would be and 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
probably 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
centuries Craig Hemy discusses recent
events that have influenced gold prices
citing geopolitical concerns as a
critical driver of a safe haven bid for
gold Futures additionally he notes
increased retail speculation in China as
another Factor contributing to the
market
dynamics however Hemy highlights how
margin hikes and profit taking led to a
sharp decline in gold prices after
reaching highs above $2,400 per ounce
amidst GL Global tensions and economic
uncertainties China is a dominant Force
propelling gold to new heights with
robust demand from consumers investors
and even the Central Bank China’s
insatiable appetite for gold is
reshaping Global investment Trends and
pushing the precious metal to
unprecedented levels looking ahead hemk
anticipates that the next Catalyst for
gold prices could be a Slowdown in the
US economy mainly if there are signs of
weakness in the labor market his
insights come in light of recent data
showing unexpected declines the number
of Americans filing new claims for
unemployment benefits according to the
labor department initial claims for
State unemployment benefits dropped by
5,000 to a seasonally adjusted 207,000
for the weekending April 20th indicating
tight labor market conditions this
unexpected data point adds another layer
of complexity to the ongoing narrative
surrounding gold prices and the broader
economic Outlook let’s get back to the
interview since this breakout happened
and we got to
2300 uh then a couple of kind of
ancillary things have taken place the
last few weeks we had this ramp up of of
geopolitical concerns and a bit excuse
me and kind of a safe haven bid that
came into the gold Futures 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 charts the chart on top
of that you had this kind of what
appears to be a pickup of maybe retail
speculation in China that 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 the
comx and more selling and profit taking
came in comx had its own um couple of
margin hikes and so all of a sudden n
you bought at 2400 now we 2350 and the
margins are going up just get me out you
know that and then just get this kind of
cascade down 24 from here at 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 you 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 blue
markets and the precious metals play out
and so we’re just kind of that pullback
phase at this point what what we might
need next is this uh demon demonstrable
whatever the right word is slow down in
the US economy we’ve gotten some kind of
little shakier economic data lately I
think the main thing for people to watch
especially in the next week with the
next fomc meeting is that shairon Powell
has said he said well I don’t you know
inflation is our number one thing but
I’ll put that 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 e fsy meeting so
he’s going to be out there again next
week probably reiterate that probably
then we get another jobs report on
Friday the 3 if we get some
then that oh no wait a second maybe rate
cuts are possible again you know because
now everybody’s starting to think maybe
we’re going to get a rate hike um if
rate possible rate Cuts come back into
the picture we’re already up here at
$2,300 that could be the next spark to
get us you know that next legue H 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 considering the unexpected decline
in new unemployment benefit claims in
the US how might this data point
influence your outlook on the future
Direct of gold prices and the broader
economic landscape share your
perspective in the comments below if the
video resonates with you join our
community by subscribing to our Channel
and enabling notifications with the Bell
icon thank you for being a part of our
community

It’ll Happen OVERNIGHT! What’s About to Happen to Gold & Silver Prices Will SHOCK You – Craig Hemke

Gold experienced modest gains on the spot market on Friday, rising by 0.7% to reach $2,349 per ounce, before releasing a crucial US inflation report. However, despite this uptick, gold is poised to record its first weekly decline in six weeks. In parallel, silver exhibited fluctuating movement during early trading hours on Thursday, oscillating between the $27.50 and $27 levels. Craig Hemke, from the TF Metals Report, reflects on the recent price movements of gold and silver, highlighting how silver initially lagged behind gold’s upward trajectory but eventually caught up. Hemke emphasizes the historical relationship between gold and silver prices, suggesting that if one believes in the continued rise of gold, silver is likely to follow suit.
Silver prices found temporary support near the $27 mark during Thursday’s European session, following a notable sell-off the previous week. The white metal garnered some buying interest as the US Dollar softened. However, the start of 2024 presents challenges, with silver anticipated to record a substantial deficit in 2023. Despite this, the precious metal could face headwinds amid the US Federal Reserve’s commitment to maintaining higher interest rates in the new year.
From a technical standpoint, Hemke underscores the significance of silver’s $29 price level in recent years. Despite the current pullback, Hemke remains optimistic about gold’s potential to extend its rally, projecting a target of $2,400 to $2,500 by year-end, representing a notable increase compared to historical averages.
JP Morgan chimed in on Thursday, reaffirming gold’s structural bull case with a peak target of $2,600 per ounce. The bank maintains a positive long-term outlook for gold, although it acknowledges a shift in favor of the US dollar in the near term.
Craig Hemke discusses recent events that have influenced gold prices, citing geopolitical concerns as a critical driver of a safe-haven bid for gold futures. Additionally, he notes increased retail speculation in China as another factor contributing to the market dynamics. However, Hemke highlights how margin hikes and profit-taking led to a sharp decline in gold prices after reaching highs above $2,400 per ounce.
Amidst global tensions and economic uncertainties, China is a dominant force propelling gold to new heights. With robust demand from consumers, investors, and even the central bank, China’s insatiable appetite for gold is reshaping global investment trends and pushing the precious metal to unprecedented levels.
Looking ahead, Hemke anticipates that the next catalyst for gold prices could be a slowdown in the US economy, mainly if there are signs of weakness in the labor market. His insights come in light of recent data showing unexpected declines in the number of Americans filing new claims for unemployment benefits. According to the Labor Department, initial claims for state unemployment benefits dropped by 5,000 to a seasonally adjusted 207,000 for the week ending April 20, indicating tight labor market conditions. This unexpected data point adds another layer of complexity to the ongoing narrative surrounding gold prices and the broader economic outlook.

Follow on X: https://twitter.com/MoneySense_Off

“Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you’re a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals.

Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips”

We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.

We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!

#gold #goldpriceprediction #craighemke