19 min listen
Unavailable
Currently unavailable
Craig Hemke – Gold, Silver, And Precious Metals Stocks Continued Breaking Higher To Kick Off April
FromThe KE Report
Currently unavailable
Craig Hemke – Gold, Silver, And Precious Metals Stocks Continued Breaking Higher To Kick Off April
FromThe KE Report
ratings:
Length:
18 minutes
Released:
Apr 4, 2024
Format:
Podcast episode
Description
Craig Hemke, Founder and Editor of TF Metals Report, joins us to discuss the recent breakout in silver and PM stocks, and the continued momentum from gold’s superfecta the last trading day of March; where it put in all-time highs on the daily, weekly, monthly and quarterly charts. Many generalists and institutional funds pay attention to the longer-duration charts, and will have noticed the breakout in gold, and that may have translated into additional buying of silver and the precious metals stocks this first week in April.
Craig points out that the macroeconomic correlations with real interest rates broke down 2 years ago, but that central bank buying of gold picked up the slack. Additionally, we note the recent strength in copper and the other commodities, and he felt that this was also putting an increased bid into silver and the silver stocks this week. Wrapping up, Craig looks ahead to tomorrow’s job report, and in particular the importance of which way the unemployment rate trends for more potential market volatility.
Click here to visit Craig’s site – TF Metals Report.
Craig points out that the macroeconomic correlations with real interest rates broke down 2 years ago, but that central bank buying of gold picked up the slack. Additionally, we note the recent strength in copper and the other commodities, and he felt that this was also putting an increased bid into silver and the silver stocks this week. Wrapping up, Craig looks ahead to tomorrow’s job report, and in particular the importance of which way the unemployment rate trends for more potential market volatility.
Click here to visit Craig’s site – TF Metals Report.
Released:
Apr 4, 2024
Format:
Podcast episode
Titles in the series (100)
Dave Erfle – Despite The Precious Metals Pullback On Friday, Gold, Silver, and PM Stocks Have Performed Well: Dave Erfle, Editor of The Junior Miner Junky, joins us to discuss the pullback in precious metals prices on Friday, but after gold, silver, GDX, and GDXJ have been breaking higher for the last 6 weeks. On the charts pricing ran into key resistance l... by The KE Report