Craig Hemke from TF Metals Report – Thu 20 Apr, 2017

A Focus on the Silver Market and a COT Update

Commercial traders have built on their net short positions now to a record level. Craig Hemke shares his thoughts on the COT report for silver as well as the bigger picture investing climate for silver. With the paper market continuing to dominate price what does that mean moving forward?

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Featuring:
Craig HemkeCory Fleck
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Comments:
  1. On April 20, 2017 at 12:23 pm,
    CFS says:
  2. On April 20, 2017 at 12:29 pm,
    CFS says:

    For silver:
    In ounces, the OI is represented by 1.139 BILLION oz or 163% of annual global silver production (ex Russia & ex China).

  3. On April 20, 2017 at 12:32 pm,
    CFS says:
  4. On April 20, 2017 at 2:25 pm,
    Excelsior says:

    Silver stocks that had a profitable Green Day:

    Silver Stocks SYMBOL % CHG

    Rio Silver Inc. RYO.V +13.33%
    Bitterroot Resources Ltd. BTT.V +13.16%
    Argentum Silver Corp. ASL.V +10.81%
    Arizona Silver Exploration Inc. AZS.V +8.97%
    Alexco Resource Corp. AXU +5.59%
    Levon Resources Ltd. LVN.TO +5.56%
    Dolly Varden Silver Corporation DV.V +5.08%
    Silver One Resources Inc. SVE.V +4.76%
    Castle Silver Resources Inc. CSR.V +4.17%
    Bear Creek Mining Corporation BCM.V +3.77%
    Silver Dragon Resources Inc. SDRG +3.68%
    Golden Minerals Company AUM.TO +3.45%
    Canasil Resources Inc. CLZ.V +3.13%
    IMPACT Silver Corp. IPT.V +2.99%
    SilverCrest Metals Inc. SIL.V +2.98%
    Nicola Mining Inc. NIM.V +2.78%
    Silvercorp Metals Inc. SVM.TO +2.69%
    Silver Bear Resources Inc. SBR.TO +2.67%
    Silver Standard Resources Inc. SSRI +2.12%
    Prospero Silver Corp. PSL.V +1.75%
    Coeur Mining, Inc. CDE +1.63%
    Fortuna Silver Mines Inc. FSM +1.62%
    First Majestic Silver Corp. AG +1.38%
    Americas Silver Corporation USAS +1.02%
    Tahoe Resources Inc. TAHO +0.93%
    Hecla Mining Company HL +0.72%
    Silver Wheaton Corp. SLW +0.19%

  5. On April 20, 2017 at 2:27 pm,
    CFS says:

    https://www.youtube.com/watch?v=pFjh9zbSZFo

    France, the next shoe to drop?

  6. On April 20, 2017 at 3:23 pm,
    CFS says:

    Craig Hemke often talks about the correlation between gold and the Yen:

    http://themacrotourist.com/images/2017/04/JPYApr1217.png

    but there is also a marked inverse correlation with TIPS yield

    http://themacrotourist.com/images/2017/04/RealYieldApr1217.png

  7. On April 20, 2017 at 3:26 pm,
    CFS says:
  8. On April 21, 2017 at 2:01 am,
    Excelsior says:

    “Hedge funds extremely bullish silver, but the metal never confirmed gold’s new highs. Today we have a sharp reversal, shorting with stop.”
    — Tiho Brkan

    https://twitter.com/TihoBrkan/status/850406707222032384

  9. On April 21, 2017 at 8:08 am,
    Excelsior says:

    Kootenay Silver Announces Drill Program to Target Resource Expansion at La Cigarra Project, Mexico
    April 19, 2017

    “Drilling will commence in approximately two weeks and operate concurrently with ongoing geological mapping and sampling programs on peripheral target areas, which will be drill tested later in the year. The program is designed to expand on the reported Measured and Indicated silver resource, which currently stands at 18.5 million tonnes grading 86.3 gpt containing 51.5 million ounces and an Inferred silver resource of 4.45 million tonnes grading 80.0 gpt containing 11.4 million ounces .”

    http://kootenaysilver.com/news/kootenay/2017/kootenay-announces-drill-program-to-target-resource-expansion-at-la-cigarra-silver-project-mexico