Craig Hemke from TF Metals Report – Thu 9 Nov, 2017

What’s it going to take for the Safe Haven bid to pick up steam?

Craig Hemke, Founder and Editor of TFMetalsReport.com joins me to look at the idea of a safe haven bid for the markets. We look at the moves in US markets today as well as the further flattening of the yield curve (check out the FRED chart below of the 10/2 spread). Investors seem not to worry about either of these factors today and continue to play the buy the dip game. Hard to expect that to change unless we see a continuation of the moves down.

Click here to visit Craig’s website for more metals focused commentary.

 

Click download link to listen on this device: Download Show


Featuring:
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Comments:
  1. On November 9, 2017 at 12:36 pm,
    OOTB Jerry says:
  2. On November 9, 2017 at 1:35 pm,
    OOTB Jerry says:
    • On November 9, 2017 at 1:38 pm,
      OOTB Jerry says:

      They will not have to worry about not singing the National Anthem to the crowd…..because there will not be a crowd…..Sorry ass American trash……

    • On November 9, 2017 at 1:39 pm,
      JohnK says:

      I will Jerry.
      As long as you are pre-occupied with “Democrats and Republicans” you will continue to let the deep state continue with business as usual. Surely Jerry you must be able to see this.
      But then again……………………………………..

      • On November 9, 2017 at 1:44 pm,
        JohnK says:

        Zero Hedge is part of the “Media Machine”
        Keep believing them and re-posting their B.S

        • On November 9, 2017 at 1:59 pm,
          OOTB Jerry says:

          Thanks for the heads up….. 🙂

      • On November 9, 2017 at 1:54 pm,
        OOTB Jerry says:

        Hello John……..
        I am not really “pre-occupied” with Dems or Repubs, ……I have been posting the two headed snake for over 10 yrs……I think I am well ahead of the pack….concerning politics.

        • On November 9, 2017 at 2:01 pm,
          JohnK says:

          You miss the point Jerry.
          The news that never makes it to Zero Hedge is the Hijacking of the U.S by the Israel Lobby and the DEEP STATE.
          Until you start focusing on this,you are just contributing to the PSY-OP.
          The Politicains are afraid for their lives.

          • On November 9, 2017 at 2:05 pm,
            OOTB Jerry says:

            Ok,…..got ya…….., the politicians should be worried…..MICC……..people are waking up…….Military Industrial Congressional Complex…..

    • On November 9, 2017 at 1:52 pm,
      JohnK says:

      Keeping your eyes off what is really happening to the U.S,because they are part of the Cabal to bring about the demise.Don’t kid yourself.

    • On November 9, 2017 at 2:01 pm,
      OOTB Jerry says:

      I kind of miss Steam Boat Willie……in black and white…….. 🙂

      • On November 9, 2017 at 2:06 pm,
        JohnK says:

        Here is a video Jerry.
        It is an hour and forty five minutes long explaining the Las Vegas event.
        Zero Hedge will never tell you this.
        The Vegas Massacre Motive Exposed. Follow the Money.
        https://www.youtube.com/watch?v=82mRuhwJirE

        • On November 9, 2017 at 2:10 pm,
          JohnK says:

          I always wondered how they got Tom Daschle to shut up.Turns out his wife is a lobbyist for the Chertoff Group.
          I don’t think the guy who did this video even made the connection.

          • On November 9, 2017 at 2:11 pm,
            JohnK says:

            Pat attention to Heather Murren and the Las Vegas Review.
            Connect the dots.

          • On November 9, 2017 at 2:14 pm,
            JohnK says:

            pay

          • On November 9, 2017 at 2:22 pm,
            JohnK says:

            This is another one of those videos that can provide an aha moment.

          • On November 9, 2017 at 3:04 pm,
            OOTB Jerry says:
          • On November 9, 2017 at 3:05 pm,
            OOTB Jerry says:

            This should get some trump fans a surprise………..

          • On November 9, 2017 at 6:33 pm,
            JohnK says:

            Jerry:
            Whats your take on the Chertoff Group?

            Ron Paul and Jason Chavez both introduced bills against the Rapid Scanner.Hmmmm…….
            Called 9/11 an Act of War instead of a crime scene, so there was not an investigation for 444 days. Hmmmmm………..
            Michael Chertoff’s cousin was the one who wrote the articles in Popular Mechanics labeling the 9/11 truthers as conspiracy theorists.

          • On November 10, 2017 at 4:26 am,
            OOTB Jerry says:

            Chertoff Group……….
            Looks like a bunch of take over artist, with a lot of self interest. Using the US political scene as their piggy bank. Now I see what you are referring to. I missed this organization as to how they were working and controlling the narrative, but clearly see that we are in deeper trouble than originally thought.

          • On November 10, 2017 at 6:03 am,
            GH says:

            I remember Chertoff from late 2010 when the airport porno scanners were announced to massive American disinterest.

            “What? You want to porno scan my wife and daughter? By all means! Anything to feel safe!”

            My understanding is Chertoff is a Talmudic Zionists.

            He’s clearly part of the Jewish mafia screwing over the US.

          • On November 10, 2017 at 6:04 am,
            GH says:

            Correction:

            make that “screwing over the entire world.”

          • On November 10, 2017 at 6:05 am,
            GH says:

            Is there any group more racist and supremacist than Talmudists?

        • On November 9, 2017 at 2:36 pm,
          OOTB Jerry says:

          Thanks John……I am about half way thru…..will be back after completion…….

          • On November 9, 2017 at 5:24 pm,
            JohnK says:

            On November 5, 2017 at 8:10 pm,
            JohnK says:
            President Trump and his former attorney Roy Cohn: What are the implications?
            Either President Trump did know about Cohn’s disgusting CIA-paedo-satanic-cult activities and Cohn’s FBI connections. Or he didn’t know. If President Trump did know then:
            President Trump could be part of a CIA-FBI plot(or plot of a rogue faction within) to control the White House.
            Perhaps President Trump was compromised at one of Cohn’s parties at Studio 54 and is being blackmailed.If President Trump didn’t know,then President Trump is naive,ignorant greedy and selfish,which does not bode well,but explains why he wants to beef up an already beefed up US Military(which he thinks is weak) and place it at the disposal of Israel to bully Iran and the Palestinians and hire it out to Saudi Arabia,when it was Israel and Saudi Arabia that attacked New York on 9/11. We have to ask:
            1. Why did Alan Greenspan save President Trump from personal bankruptcy and bail him out 25 years ago? And what did Greenspan get in return?
            2. Why are not the mainstream media, who are allegedly against President Trump not slaughtering him on his deep and influential friendship with Cohn who organized child sex parties for a CIA satanic cult?
            3. Why did the infowhores not cover this?
            Taken from Veterans Today.
            Reply to this comment

          • On November 9, 2017 at 5:34 pm,
            JohnK says:

            I have maintained all along that President Trump was compromised.
            This could get really ugly.

          • On November 9, 2017 at 6:07 pm,
            OOTB Jerry says:

            Good question……1. Why did Alan Greenspan save President Trump from personal bankruptcy and bail him out 25 years ago? And what did Greenspan get in return?

          • On November 9, 2017 at 6:42 pm,
            JohnK says:

            Heres another Jerry:
            If the CIA is suppose to be a SECRET agency,why do they release so much info to the media with their name on it?

          • On November 9, 2017 at 6:43 pm,
            JohnK says:

            Evil is as Evil does.

          • On November 10, 2017 at 4:39 am,
            OOTB Jerry says:

            President Trump and his former attorney Roy Cohn: What are the implications?
            Now I see what the dems were shouting about. Looks Like Trump is knee deep in the swamp. Good guy, wise guy, con guy. Once, in the Russian Mob’s grab of the Top leader,it is not looking good for American’s welfare. ….jmo

          • On November 10, 2017 at 6:08 am,
            GH says:

            And then there’s Trump’s Rothschild connection via Wilbur Ross. Did they not bail Trump out of bankruptcy?

            Trump is beholden to the Swamp.

          • On November 10, 2017 at 6:14 am,
            JohnK says:

            All roads lead to “Cypress”

          • On November 10, 2017 at 6:28 am,
            GH says:

            JohnK,

            Do you have any links on Cohn?

          • On November 10, 2017 at 6:42 am,
            JohnK says:

            GH:
            I haven’t gone there yet. Pretty much everybody that come from Goldman Sachs is cut from the same cloth.
            The argument that these are the only people that understand high finance is a lie.

          • On November 10, 2017 at 7:31 am,
            OOTB Jerry says:
          • On November 10, 2017 at 7:34 am,
            OOTB Jerry says:

            Here is the rest of the treat…….R Cohn
            https://www.youtube.com/watch?v=6yRVhOCw3LY&t=57s

          • On November 10, 2017 at 7:37 am,
            OOTB Jerry says:

            Gary and Roy two different guys……….Gary use to be an aluminum siding salesman….
            https://en.wikipedia.org/wiki/Gary_Cohn_(investment_banker)

  3. On November 9, 2017 at 3:17 pm,
    Matthew says:

    Gold is showing more strength than most seem to recognize:

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=0&dy=0&id=p53014237909&a=555882444

    • On November 9, 2017 at 3:29 pm,
      Matthew says:

      Silver is still weaker but more appealing to me longer term:

      http://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=0&dy=0&id=p34693808582&a=555885032

      • On November 9, 2017 at 5:34 pm,
        Excelsior says:

        Silver’s bullish underpinning — it’s an essential metal for these 3 growth industries

        By Rachel Koning Beals – Nov 9, 2017

        https://www.marketwatch.com/amp/story/guid/E0671D3E-C3E6-11E7-82FA-46AD101A9B0D

        • On November 10, 2017 at 11:17 am,
          b says:

          No offence, but when does the “gold showing strength” affect the gold price?
          Another drop today. which was kinda funny with the articles saying that Friday was the strongest day of the week for gold.

          Course there is the manipulator crowd that sees PMs “smashed” on Fridays, guess the manipulators got it right today, not over yet tho, so maybe it comes back.

          • On November 10, 2017 at 11:28 am,
            Excelsior says:

            If Gold is showing strength (meaning resilient to a major pullback) then it tends to mean things are basing and the price level is consolidating for the next leg higher.

            That is why it is significant. It beats a waterfall sell-off which is a sign of weakness.

            As for the Friday being stronger/weaker I place no importance on any day of the week as a reliable indicator. 50/50 odds. However, Friday is of importance as the more extreme moves often indicate traders positioning around the close to the “Weekly” candle.

  4. On November 9, 2017 at 4:45 pm,
    Excelsior says:

    This Precious Metal is rapidly losing status – which is a good time to buy
    By: John Stepek – 17/10/2017 [Platinum]

    “Got any platinum jewellery? You might need to trade up to something fancier.

    Gold has been more valuable than platinum for a while now.

    But now it’s not just gold. It’s a somewhat more obscure metal, and almost certainly not one you’ve ever considered wearing on your finger, in your ear, or around your neck.

    It’s palladium.”

    https://moneyweek.com/palladium-this-precious-metal-is-rapidly-losing-status/

    • On November 9, 2017 at 5:36 pm,
      Excelsior says:

      Cobalt Controversies: Delving into the How, What and Why
      by Lara Smith

      “Cobalt has come into the limelight over the last eighteen months or so. This is unsurprising given the surge in smartphone users, battery-powered devices and investment and uptake of electric vehicles. As such, the cobalt supply chain is being looked at with more and more scrutiny.”

      https://www.coreconsultantsgroup.com/cobalt-controversies/

  5. On November 9, 2017 at 4:47 pm,
    Excelsior says:

    Since Ronnie was the theme of this editorial, then I’ll repost his keynote from Zurich.

    Keynote Presentation: Ronald-Peter Stöferle
    Investment Manager, Incrementum AG
    Zurich, Switzerland Precious Metals Summit – Nov 8th, 2017

    http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2017/11/08/keynote-presentation-ronald-peter-stoeferle/play/stream/23899

  6. On November 9, 2017 at 5:29 pm,
    Excelsior says:

    The Real Cost of Gold Mining with Mickey Fulp, Mercenary Geologist

    by @Newton on November 8, 2017

    https://ceo.ca/@newton/the-real-cost-of-gold-mining-with-mickey-fulp-mercenary-geologist

  7. On November 9, 2017 at 6:36 pm,
    JohnK says:

    Shad:
    How about your macro view on where the Gold and Silver Futures are headed ?

    • On November 9, 2017 at 9:02 pm,
      Excelsior says:

      Hi JohnK – I’ve been pretty consistent on my macro view:

      The Precious Metals Bear market that started in 2011 ended on the double-bottom in December of 2015.

      The thrust up in 2016 took out many key prior peaks and troughs that were resistance levels which needed to be broken to indicate a change in trend. We discussed each one of those levels on here as they were broken – real time, in the spring and summer a seasonally weaker time of year.

      In addition, the impulse leg up in the first half of 2016 broke through resistance in a number of key moving averages. I show the Fib MAs on the chart below and it is easy to see when things shifted.

      This is why I don’t buy the narrative that 2016 was just a suckers rally, or it would have retreated at first resistance. Gold has not made a new low since the $1045.40 in December of 2015 which is just about 2 years now, so it is hard to make the case that we are still in a cyclical Bear market. Therefore we are still in a developing Bull market, albeit, the confirmation of this will be taking out the $1377.50 high of 2016.

      Below is a 5 year Gold chart with the price action as it happened and the peaks and troughs price labels. Look at how it bottomed in 2015, and forms a large inverse H&S pattern, as many technicians have pointed out for some time. I’m in the camp that we are close to the leading edge of the next impulse leg up to a higher high.

      Silver will outperform Gold to the upside.

      Silver stocks will outperform Gold stocks over the next 2-3 years.

      Jr mining stocks will outperform the Majors as a general theme, once the bull gets raging.

      http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=5&mn=0&dy=0&id=p83512388819

      • On November 9, 2017 at 9:08 pm,
        Excelsior says:

        Also note the general trend in the volume since the major low in Dec 2015. It is increasing into higher pricing.

          • On November 9, 2017 at 9:18 pm,
            Excelsior says:

            After $1377.50 (the 2016 high) is taken out, then the next peak/resistance is at $1392.60, and the next one is at $1434.

            After that there is that 2013 gap down in the $1500-$1550 zone that will be a resistance zone.

            Those are the levels I’ll be watching as key resistance levels for further progress to be made.

          • On November 9, 2017 at 9:25 pm,
            Excelsior says:

            For clarity, I see those prior peaks as milestones to be crossed for further bullish confirmation. While they can act as a short term ceiling, in a very bullish market the impulse leg up will blast right through them with conviction.

            The actual resistance areas that will reflect Gold back down will be based on typical factors like Fib extensions, Moving averages, Trend-lines/forks, candle patterns, etc… However, from a “macro” picture; Gold needs to continue to advance to higher highs that take out prior peaks to stay in the Bull market.

          • On November 10, 2017 at 8:26 am,
            OOTB Jerry says:

            milestones…..to millstones…

  8. On November 9, 2017 at 8:47 pm,
    Matthew says:

    Here’s a 33 year monthly chart of XAU priced in Dow with a giant modified Schiff fork. Notice that the 52 month bear market ended precisely at the median support line of that fork. For the TA naysayers, there is nothing random about the placement of that fork and I doubt very much that many technicians have looked at that chart even without the fork.

    http://stockcharts.com/h-sc/ui?s=%24XAU%3A%24INDU&p=M&st=1980-11-09&en=today&id=p25075060722&a=555940376

  9. On November 9, 2017 at 9:39 pm,
    Excelsior says:

    Gold holds near three-week high, set for weekly rise

    Reuters – November 9, 2017

    “* Spot gold was up 0.1 percent at $1,286.30 per ounce at 0101 GMT. On Thursday, it touched its highest since Oct. 20 at $1,288.34 an ounce. The safe haven asset was up about 1.3 percent for the week so far.

    * U.S. gold futures for December delivery were flat at $1,287.20.

    * Palladium gained 0.2 percent to $1,011.97 an ounce. It touched its highest since 2001 at $1,026.10 on Thursday.

    * The dollar was on track for weekly losses after dropping on disappointment with a tax bill put forth by U.S. Senate Republicans that would delay expected corporate tax cuts. [USD]”

    https://finance.yahoo.com/news/gold-holds-near-three-week-014244384.html

  10. On November 9, 2017 at 9:45 pm,
    Excelsior says:

    Mnuchin: We are looking ‘very carefully’ at Bitcoin

    Nicole Sinclair – 8 hours ago

    “Bitcoin prices have been surging, sending its market cap past a $100 billion as more people are becoming believers in the value of this cryptocurrency.”

    “When asked about bitcoin, Secretary of the Treasury Steven Mnuchin said he is primarily concerned about its use for illicit purposes.”

    “It’s something we are looking at very carefully and will continue to look at,” Mnuchin said. “The first issue and the most important issue is to make sure that people can’t use bitcoin for illicit activities. So we want to make sure that you don’t have the dark web funded in bitcoins. And that’s something that is a concern of ours today.”

    “So if you’re a bitcoin dealer in the United States, you have the…customer requirements and BSA requirements. And those are issues I’m discussing with all my international counterparts. So our number one issue is, we wanna make sure that this is not used for illicit transfers of funds.”

    “Mnuchin added he didn’t have timeline for one the Treasury might have an official position on the cryptocurrency. But he emphasized that the government is looking into it.”

    “There’s nothing specific. But we do have working groups that are looking at this. And again something we’ll be watching very carefully.”

    “The surging value of the cryptocurrency has continued to attract attention. The IRS is looking into big individual profits by pushing for records for users on Coinbase, one of the US online exchanges for bitcoin. Meanwhile, law enforcement is on the alert as transactions are anonymous and difficult to track, making it popular for terrorist financing, ransom for cyber criminals and money laundering.”

    “Meanwhile, figureheads across finance have chimed in. JPMorgan CEO Jamie Dimon called it a “fraud,” Bridgwater’s Ray Dalio called it a “bubble” and Saudi Prince Alwaleed bin Talal said he thinks it’s “Enron in the making.” On the other hand, investment strategist Tom Lee sees it continuing to surge.”

    “This week, Citi CEO Michael Corbat, who said he doesn’t dismiss it, also said to Bloomberg that bitcoin is enough of a threat to the financial system that governments will need to issue their own versions.”

    https://www.yahoo.com/finance/news/mnuchin-looking-carefully-bitcoin-211340636.html

    • On November 9, 2017 at 10:26 pm,
      JohnK says:

      Criminals will use whatever they means they can.Ask yourself who are the real criminals here ? Illicit activities you say? You mean like buying Pain Killers from big Pharma? This is just more control exercised by those who continue to foster the terrorist narrative.The Military industrial complex needs an enemy to sell its weapons of death.
      The demise of the U S dollar is almost guaranteed by those who have abused the fractional system to the tune of 20 trillion in debt,and untold trillions in liabilities.
      I have no problem paying capitol gains on my Bitcoin profits.I do have problems with a Government that continues to kill innocent women and children in the name of National Security. A person dies every 23 minutes in the U.S from heroin overdose.It would be nice to have people in this administration start paying attention to the problems that face us at home in the U.S.
      Now Mr Mnuchin make sure to keep the Gold price in line so people don’t start to lose confidence in the Fractional Reserve Scam that has been responsible for more death and destruction that is a requirement of the psychopaths that are really running our Government.

  11. On November 10, 2017 at 4:59 am,
    JohnK says:

    Jason Aldean missing from the Country Music Awards. Who wants this story to go away?
    http://www.foxnews.com/entertainment/2017/11/09/jason-aldean-noticeably-absent-from-cma-awards.html

    • On November 10, 2017 at 5:35 am,
      JohnK says:

      Was the Las Vegas event a Saudi False Flag?
      http://stateofthenation2012.com/?p=88855

      • On November 10, 2017 at 6:14 am,
        GH says:

        If the Saudis are involved, it is as junior partners, just as in 9/11.

        No way in hell could the Saudis attack the AngloZionist empire on their own initiative without being wiped off the map.

        Same with the effort to connect Vegas to ISIS.

        Distraction tactics, nothing more.

  12. On November 10, 2017 at 5:19 am,
    JohnK says:

    Everybodys favorite Uranium criminal and Clinton Crony,Frank Guistra and his Hollywood studio,Lions Gate, have a new film coming out titled”Last Flag Flying”
    Make sure you go out and support them. Just what we need is another film about America’s finest dying for a false flag called 9/11. Just in time for Veterans Day.

  13. On November 10, 2017 at 6:27 am,
    GH says:

    Trump’s Swamp:

    Steve Mnuchin, the Foreclosure King

    http://www.informationclearinghouse.info/48146.htm

  14. On November 10, 2017 at 6:46 am,
    JohnK says:

    God Bless Nomi Prins.

  15. On November 10, 2017 at 6:50 am,
    JohnK says:

    Most of the People leading the U.S Congress right now are little better than walking Adult Diapers.

    • On November 10, 2017 at 8:13 am,
      spacenormal says:

      According to doctor walach who wrote Dead doctors don’t lie, people who take statins dry up their brain connections because statins remove the protective coating
      that insulates their nerve pathways.most of congress and the senate is probably taking the drugs. Here is a short video from Mike Adams the health ranger.
      https://www.youtube.com/watch?v=2u_Kfd9ntXo

  16. On November 10, 2017 at 8:41 am,
    OOTB Jerry says:

    Bitconnect…….problems in river city……
    https://www.youtube.com/watch?v=JEDd4psdaGM&feature=youtu.be

  17. On November 10, 2017 at 8:45 am,
    OOTB Jerry says:

    GOLD rigged pukes up….scammer Mnuchin at the key board…….
    http://www.zerohedge.com/news/2017-11-10/someone-just-puked-over-4-billion-notional-gold-futures

  18. On November 10, 2017 at 8:50 am,
    Matthew says:

    On the daily chart, GDX is now below its 2017 uptrend support but on the weekly chart, it is not. I wonder what stockcharts would say about that.

    Daily:
    http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=1&dy=0&id=p45168795461&a=547215272

  19. On November 10, 2017 at 9:17 am,
    Excelsior says:

    Uranium stocks still on a tear today. They were up higher earlier this morning but mid -day things still look pretty peppy on the Cameco news shutting down production, and the Chinese news of plans to construct 6 new reactors:

    ________________________________________________________________________

    Ticker Symbol – Uranium Company Name % Chg on the day

    MSA.V Mesa Exploration Corp. +25.00%
    UWE.TO U3O8 Corp. +19.44%
    UEC Uranium Energy Corp. +15.85%
    EPM.AX Eclipse Metals Limited +15.38%
    WUC.CN Western Uranium Corporation +14.14%
    ARY.V Anfield Resources Inc. +11.11%
    ERA.AX Energy Resources of Australia Ltd +11.11%
    EU.V enCore Energy Corp. +10.00%
    FUU.V Fission 3.0 Corp. +9.09%
    CLE.V Clean Commodities Corp. +9.09%
    DNN Denison Mines Corp. +6.90%
    LBSR Liberty Star Uranium & Metals Corp. +6.67%
    GXU.V GoviEx Uranium Inc. +6.38%
    AL.V ALX Uranium Corp. +6.25%
    KIV.V Kivalliq Energy Corporation +5.88%
    URG UR-Energy Inc. +5.64%
    THX.AX Thundelarra Limited +4.76%
    FCU.TO Fission Uranium Corp. +4.62%
    AZZ.TO Azarga Uranium Corp. +4.00%
    UUUU Energy Fuels Inc. +3.99%
    FSY.TO Forsys Metals Corp. +3.45%
    RDM.AX Red Metal Limited +3.23%
    LAM.TO Laramide Resources Ltd. +1.56%
    CCJ Cameco Corporation +1.34%
    SYH.V Skyharbour Resources Ltd. +1.30%
    U.TO Uranium Participation Corporation +0.50%

  20. On November 10, 2017 at 10:02 am,
    JohnK says:

    GH:
    Here is a good place to start with President Trump and Roy Cohn.
    http://aanirfan.blogspot.com/search?q=Roy+Cohn

  21. On November 10, 2017 at 12:33 pm,
    OOTB Jerry says:

    This entire market stinks…………….along with the congress…… 🙂

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