Craig Hemke from TF Metals Report – Thu 15 Feb, 2018

The Dilemma Of Higher Debt and Higher Rates

With the updated Trump budget forecasts there is no doubt we will be seeing higher and higher levels of debt in the US. Combine this with increasing interest rates and the question is how long can it go on for. In all fairness we have been asking this debt question for years… Craig Hemke, Founder of shares his thoughts on why this is a concerning mix of factors.

Click download link to listen on this device: Download Show

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

Craig HemkeCory Fleck
View related posts on: ,

  1. On February 15, 2018 at 3:41 pm,
    Silverdollar says:

    Craig explains our debt problem quite well…….too bad congressmen/presidents don’t listen. Past office holders got the benefit of the debt without the cost hurting their chances of re-election. One day, a tipping point will appear. Question is how will it manifest itself? Who will the winners be……..if any?

  2. On February 15, 2018 at 4:27 pm,
    Bob Grierson says:

    What is Craig Hemke’s claim to fame that gives him the right to pontificate on the precious metals market? His track record is dismal.

    • On February 16, 2018 at 1:52 am,
      Skeeta says:

      Bob its pretty easy,
      “If ya can’t beat them with brains, then baffle them with BS time & time again”.
      Rinse & repeat…..& charge them for it too !!
      The gold/silver sector has a never ending believing faithful who will blindly lap up every word of what they want to hear from those who sprout their own beliefs.
      Funny stuff.
      But at least he & the others only financially slaughtered their believers all the way down….what price was Silver when Turd Ferguson (Craig) ate his hat again? Remind me? …
      What a debacle. Guys like him should look at their own track record before calling the financial system a fraud.
      Knowledge is all smoke & mirrors with guys like him.

      Caveat Emptor.

      • On February 16, 2018 at 6:10 am,
        Bob Grierson says:

        Hi Skeeta

        We shouldn’t be too hard on the boy. He might be useful as a contrarian indicator.

        • On February 16, 2018 at 12:35 pm,
          Robert Moriarty says:

          Bob Grierson:

          When he doesn’t know what he is talking about which is most of the time, he just lies about it to make himself look better. The Turd is an embarrassment to the rest of the speakers. He’s running around looking for even a single clue and can’t find it.

          • On February 16, 2018 at 8:29 pm,
            Dave says:

            Bob, seriously I challenge you to show specifics. I honestly do not see where the criticism originates. Unless it is personal…for who knows why.

            Craig’s comments over the years have been on the up and up.

            Where is your beef? Why publically humiliate the man?

          • On February 17, 2018 at 1:19 am,
            Skeeta says:

            Bob G,
            Everytime he speaks my BS indicator starts red lining very quickly.
            But this sector is full of fresh fish swimming around, his absolute rubbish talk & excuses has seen many ultimately filleted at the fishmongers for years now on his so called financial advice.
            He was Turd, now Craig….who knows? Maybe calling himself NEMO will get the next lot of fresh fish in?

            Bob M,
            Some people get a hold of a magnifying glass & automatically believe they are Sherlock Holmes.
            If only they got a hold of a mirror instead & realised the reflection they saw actually didn’t have a clue.

            If you need specifics, then look at track records….nothing more, nothing less.
            Don’t forget to take the Beer Goggles off when researching the dismal past predictions.

          • On February 18, 2018 at 3:10 am,
            Robert Moriarty says:


            If you have followed the Turd for years, he is married to the manipulation/conspiracy gang of fools. Sure, gold and silver are manipulated but so are all financial markets and no one has ever shown me how you could make a single penny out of a belief that markets are manipulated and that means something.

            I pointed out two weeks ago that he was saying that the speculators were closing positions by selling and the open interest went down as the price went down but the commercials controlled the market.

            Now if the price is going down and longs are covering by selling and open interest is decreasing, it is mathematically impossible for the commercials to control the market. In short he simply does not understand how the commodity markets work. And some statements such as “naked short selling” and “Comex default” only serve to prove hie is totally clueless.

            So now he is stooping to outright lying when he said, “Wait. What?? Futures market manipulation and spoofing??
            I thought Weiner/Christian/Armstrong/Moriarty/Norcini/Casey/Gilbert all assured us the markets were sacrosanct, free and fair.”

            Actually none of them have ever suggested anything of the sort. The Turd is an outright liar and has no idea of what he is doing.

            How many millions/billions of dollars do the trailer trash have to cost investors before someone speaks up?

            Well, I’m tired of fraud from those to claim to be the fraud prevention team. If it’s true, they could prevent a lot of fraud by going back to their day job of bagging groceries or selling used cars.

          • On February 18, 2018 at 3:25 am,
            Robert Moriarty says:


            You asked a fair question and I should answer it in the same spirit you asked. Basically you implied put up or shut up and that’s perfectly reasonable.

            So I went to his site and looked around. I found this definition.


            “The EE: Is, of course, The Evil Empire. The EE consists of the evil, colluding consortium of “bullion banks” which, at the behest of the global central banks and the BIS, actively suppress the prices of gold and silver through methods such as the seemingly endless creation of paper metal derivatives. The primary, co-conspirators are HSBC and JPM.”

            Dave, how many people in the world are so clueless that they believe gold was suppressed from $252 to $1923? Silver had one of the best rallies in the history of commodities as it went up 1150% from 2001 when you and I bought to 2011 when at least I sold after I called the top to the day in April of 2011.

            The Turd was saying silver was suppressed and was about to explode all the way to the top. My readers were sellers at $50 and his followers were buyers. All of his advice cost investors money and he’s back playing the same one string banjo.

            There is an evil empire and Turd is a leading part. And a liar unless he would like to show where anyone has ever suggested markets are fair and free.

          • On February 18, 2018 at 3:36 pm,
            Dave says:

            thank you for your comments Bob. Sincerely.

  3. On February 15, 2018 at 5:47 pm,
    Markedtofuture says:
    • On February 16, 2018 at 5:20 am,
      OOTB Jerry says:

      thanks for the post…….

  4. On February 15, 2018 at 5:49 pm,
    Markedtofuture says:

    Litecoin Jumps 30 Percent as Traders Bet on More Users, Upcoming Split Into Litecoin Cash

    Litepay CEO said countries including U.S., UK, China, Japan and Germany will have access to “LitePay Merchant Processing”. Managing director at eToro attributed Litecoin’s gains on Wednesday to a fork, scheduled for Sunday, that will give every Litcoin holder 10 coins of Litecoin Cash. Litecoin founder calls this fork a scam (CNBC).

    • On February 16, 2018 at 5:37 am,
      OOTB Jerry says:

      interesting………Bix is pumping Litecoin as CHEAP.
      Litecoin founder calls this fork a scam (CNBC)……we will see how this plays out..

  5. On February 16, 2018 at 12:13 am,
    Ozibatla says:

    Interest rates tend to go up and down in a cyclical manner however debt increases seems to be a constant looking long term. The question is: When will the music stop on the can kicking musical chairs game that has no free chairs available?

  6. On February 16, 2018 at 1:14 am,
    Dave says:

    CRAIG HEMKE …a wonderful human being and a great asset to the gold community.
    can you feel it coming? Its 1999 all over again.

    This time tho we are going north of $5000/oz au and $200/oz. ag. It is inevitable.

    • On February 16, 2018 at 2:03 am,
      Skeeta says:

      Hello to Craig’s Uncle/Aunt etc whatever?
      Hi !
      Did you ride his Silver forecasts all the way down?
      Or are you a fresh fish?

      • On February 16, 2018 at 5:06 am,
        Dave says:

        I am in at au $252 and ag near 4$ to $5
        long termer. in/out metals stocks 20 yrs.

        yes I rode long term positions from 4 to 50 back down to 15

      • On February 16, 2018 at 5:13 am,
        Dave says:

        yea I was introduced to Craig sometime in 2014, class act guy in a field of charlatans.

        • On February 17, 2018 at 12:51 am,
          Skeeta says:

          My next door neighbour is a class act guy too.
          Fortunately though he hasn’t sprouted to the masses to buy silver all the way down. Therefore my neighbour hasn’t financially affected anyone negatively.
          There are class act neighbours & there are also class act financial clowns.

          ….thankfully my class act neighbour isn’t the one wearing the big red shoes.

  7. On February 16, 2018 at 3:18 am,
    Markedtofuture says:

    Global Warming Conspriacy – Armstrong

    There is a major Global Warming Conspiracy that is threatening our entire way of life and is out to destroy the global economy. These sick and evil people are trying to launch lawsuits to put the oil industry out of business. They have absolutely no alternative to how the economy would function and they are threatening the lives of so many people by trying to end fossil fuels which would then destroy the auto industry and turn the United States into some crumbling economy of scenes of cities abandoned in sci-fi movies.

    The Global Warming Conspiracy has filed a lawsuit against EXON as they have unleashed their conspiracy that is designed to force everyone in the United States to comply with their demands. EXON has responded in an aggressive manner at last. They have targeted at least 30 people and organizations, including the attorneys general of New York and Massachusetts. They are filing suits, threats of suits or demands for sworn depositions. EXON has claimed the lawyers, public officials, and environmental activists are all conspiring in a coordinated legal and public relations campaign.

    Exxon has called the conspiracy “The La Jolla playbook.” About 6 years ago, there was a meeting in La Jolla, California which has set a course to conspire against society as a whole to force their agenda upon the world. The meeting began with about two dozen people who came up with this entire Global Warming strategy in an oceanfront cottage in La Jolla.

    They have fake research and corrupt scientists willing to say whatever it takes to win a lawsuit. They have conspired with marketing people, politicians, and lawyers, all designed to change society imposing their demands upon us all.
    Exxon is seeking depositions to expose this conspiracy in which we all have a stake in this for this group is trying to force their views upon the rest of us by courts which cannot be trusted.

  8. On February 16, 2018 at 3:44 am,
    Markedtofuture says:

    Litecoin Cash – Another Bitcoin-Bitcoin Cash Saga?

    All eyes are on Litecoin amid a surge in price rivaling the recent rebound of Bitcoin.

    Charlie Lee’s cryptocurrency, created in 2011, was surging up to 30 percent over the last 24 hours, for a number of reasons.

    According to CNBC, Litepay CEO Kenneth Asare announced that over 41 countries, including the likes of the US, UK, China and Germany will have access to Litepay’s payment system.

    Meanwhile, Coinbase also announced that it would be launching it’s ‘Coinbase Commerce’ software which will allow vendors to accept payments in Bitcoin, Bitcoin Cash, Ethereum as well as Litecoin.

  9. On February 16, 2018 at 5:49 am,
    Markedtofuture says:

    As Bitcoin Soars, So Do Coinbase Complaints

    It was around midnight, January 31, when K. received an email from Coinbase containing a 1099 tax form. That was strange enough – K. certainly didn’t expect a cryptocurrency exchange to be a conduit for government documents.

  10. On February 16, 2018 at 5:56 am,
    OOTB Jerry says:
    • On February 16, 2018 at 5:58 am,
      OOTB Jerry says:

      multi-family Starts surged from 360K to 431K, the highest number since December 2016.

  11. On February 16, 2018 at 6:07 am,
    OOTB Jerry says:

    Corporate bastards………killing the dogs first…..then they are coming for YOU.

    • On February 16, 2018 at 6:41 am,
      OOTB Jerry says:

      Smucker’s, …………is going to be in a JAM……watch what you eat.

  12. On February 16, 2018 at 6:17 am,
    OOTB Jerry says:

    Mitt wants to get his dirty little mittens on some Free Cash……..Running for Senate

  13. On February 16, 2018 at 6:36 am,
    OOTB Jerry says:
    • On February 16, 2018 at 6:37 am,
      OOTB Jerry says:

      Many KWN readers around the world have been wondering why gold has been in such a tight trading range. The current inverse head & shoulders pattern seen on the gold price chart below is incredibly bullish. Meaning, what we have been seeing recently is the calm before the storm (

      • On February 16, 2018 at 7:49 am,
        GH says:

        King has a good chance of being right this time, but he’s been saying much the same since gold topped in 2011.

        • On February 16, 2018 at 7:54 am,
          OOTB Jerry says:

          current inverse head & shoulders pattern…………Main Point.

          • On February 16, 2018 at 7:55 am,
            OOTB Jerry says:

            Check the Chart….not the comment…….

        • On February 16, 2018 at 7:56 am,
          OOTB Jerry says:

          I only notice Major changes…not day to day…..

          • On February 16, 2018 at 7:59 am,
            OOTB Jerry says:

            In Dec 2015, when I gave Gary S. credit for the DOUBLE BOTTOM….I think this might be the same…..Something to NOTICE….

        • On February 16, 2018 at 8:38 am,
          GH says:

          I agree, it looks to me like we are on the cusp of something noteworthy.

        • On February 16, 2018 at 9:49 am,
          b says:

          Can we really call it “this time”?
          kwn hasnt changed in years, buy buy buy any minute now.

          I think the more accurate description would be maybe he/they are finally correct.

          We all know everything is cycles, the only thing I can really see messing up a gold shot would be the revelation that alot more gold than previously disclosed becomes public knowledge.

          Course, hoarding diamonds works, even with manufactured diamonds around, so why wouldnt it be acceptable for gold?

          • On February 16, 2018 at 10:30 am,
            OOTB Jerry says:

            I THINK YOU MISSED THE POINT>>>>>>>

          • On February 16, 2018 at 10:31 am,
            OOTB Jerry says:

            Do not listen to the howl of the wolf, ….un less he is in your house…… 🙂

          • On February 16, 2018 at 10:41 am,
            OOTB Jerry says:

            I think you are correct , with the few gold bugs remaining., ….”We all know everything is cycles”,

          • On February 16, 2018 at 10:46 am,
            OOTB Jerry says:

            I just happen to believe , this time, at this moment , …..the charts is saying something, just as in Dec. 2015……And gold was $1045 then, and now is $1350.

          • On February 16, 2018 at 10:48 am,
            OOTB Jerry says:

            Everyone needs to do their own……DD

  14. On February 16, 2018 at 8:49 am,
    spanky says:

    $hui is about a month or so away from having its 200 and 233 dmas cross below the 600 dma. It is currently sitting below all three MAs. That is ultrabullish. If you turn the chart upside down that is. Also, there’s that pesky black candle at 180 that is begging to be taken out (every other black candle on the daily chart since 2016 has closed below eventually).

  15. On February 16, 2018 at 12:27 pm,
    OOTB Jerry says: