Craig Hemke from TF Metals Report – Fri 8 Jun, 2018

Major Central Bank Meetings and Economic Numbers For Next Week

This past week has been slow on the news front but throughout next week we will be hit with a wide range of data and central bank meetings. Craig Hemke from joins me to share his thoughts on how the markets will react. He also points out that silver has been within a $0.50 range for 80 of the past 90 trading days. Talk about range bound/boring.

Click download link to listen on this device: Download Show

Click here to visit Craig’s site.

Craig HemkeCory Fleck

  1. On June 8, 2018 at 6:45 am,
    CFS says:
  2. On June 8, 2018 at 7:29 am,
    Robert Moriarty says:


    You mean to say Iran was allowed to use their own money in the international banking system. How dreadful. That’s got to be some sort of crime.

    • On June 8, 2018 at 7:52 am,
      CFS says:

      No. I mean to say Obama made a non-treaty unilaterally without ratification of Congress (illegal, unconstitutional behavior) which guaranteed Iran could buy missile technology and afford more centrifuges. Obama lied to Congress about Iran use of SWIFT.
      And broke sanctions, which were IMF imposed, not US imposed.
      And the money allowed Iran to fund Hezbollah to buy more armaments to attack Israel.

      • On June 8, 2018 at 8:33 am,
        GH says:

        I agree that Obama’s making a treaty without Congress’s approval was done improperly.

        But then, our Congress should not be a bunch of Zionist lapdogs either.

        Funny how you refuse to focus on that, CFS, though the subversion of our government by a small minority interest is clearly a much graver threat to Americans’ well-being than a treaty which gets us off the dead end war path.

        You never did specify any details of the Iran nuclear agreement that were so awful. You only mentioned the pallets of cash.

        • On June 8, 2018 at 7:52 pm,
          CFS says:

          Since the deal was unpublished with regard to all its specifics, that is a difficult question to answer.
          However, I believe the deal relaxed inspection conditions of nuclear facilities.
          In particular, it excluded any inspection of any “research facilities”. Iran now has its primary nuclear research facility tunneled under a mountain.

  3. On June 8, 2018 at 7:30 am,
    Robert Moriarty says:


    Tell me one more time how you are not a water boy for the Mossad. I keep forgetting.

  4. On June 8, 2018 at 8:13 am,
    spanky says:

    Pull up a weekly chart of $TNX from 2012 to present and note the 50, 100, 200 and 300 WMA.

    $TNX’s weekly chart from 2012 through 2016 has an absolutely stunning similarity to many silver miners’ weekly charts. Look at AG’s weekly chart as an example.

    If you look at that $TNX weekly chart and focus in on the 2015 time period, look at the relationship between the MA’s. Basically, it just could not get past the 100 WMA and ultimately broke down hard for the 6 months into July 2016. $TNX actually made a lower low than the 2012 low.

    Of course it has rocketed back up since then, but you would have had to sit through one hell of a draw down for about 6 months. The story here is I could easily see the same exact thing happen to some of the silver stocks too. I mean the chart similarities are absolutely uncanny.

    So expect most of these miners to test their down sloping 100 WMA’s and fail. And that MA could be tested multiple time over the next 6 months. The question will be how low will the break down take the miners? A lower low? I think it is certainly possible. Many of the miners have large gaps at the 2016 lows (IPT I’m looking at you). Expect them to get filled. You heard it here first.

    • On June 8, 2018 at 1:31 pm,
      CaliJoe says:

      I doubt it. Gold has been in uptrend since 2016 and hasn’t made lower low. In fact, the entire commodity complex bottomed in Dec 2015 and has been trending up.. I don’t say never but your scenario is highly unlikely.

  5. On June 8, 2018 at 8:20 am,
    Chartster says:

    The ole, use NATO, CIA, military contractors to overthrow a government, put in a puppet, take over the banks, get oil for free and supress the population that the oligarchs do is over! Obama and Kerry were working for the oligarchs!

    Notice the timing of the Iran deal. They hustled to release the sanctions on Iran to get free oil and pay the puppets [ when Putin cut their asses off from getting free Lybia oil ! ]

    That whole game is ..over….

    • On June 8, 2018 at 8:32 am,
      CFS says:

      Technically Obama appears to have behaved criminally by violating the law passed by Congress; namely the U.S. Iran Threat Reduction & Syria Human Rights Act of 2012 (TRA).
      The TRA prevented Iran from repatriating any of the oil & gas funds that were accumulating in foreign escrow accounts maintained in Turkey, Japan, and elsewhere. To enforce this restriction, any bank proven to repatriate Iranian oil money would be cut off by its U.S. correspondent bank, thus losing its connection to the U.S. banking system.

      The inability to unlock funds was inconvenient for Iran. There was no useful purpose to which the pariah nation could put all the Japanese yen, Indian rupees, or Turkish lira that was piling up in its overseas escrow accounts. Iran could still buy non-sanctioned goods and services in these countries and bring them back to Iran, say food, medicine, and whatnot. But none of the oil-importing nations provided Iran with enough importable stuff that it could draw its account balances down to zero. The funds held in escrow were dead money. Iran did for the most part utilize Chinese yuan gained from oil.

      • On June 8, 2018 at 11:27 am,
        irishtony says:

        TUT-TUT..CFS…How can you call Iran “THE” pariah nation, when it is pretty clear to everyone that the only pariah (FALSE) nation in the middle east is …Isreal.
        I am starting to lose my respect for you , due to the fact you never critisise or condem the evil deeds carried out by Isreal.
        I think Bob hase marked your card.

        • On June 8, 2018 at 11:27 am,
          irishtony says:


      • On June 8, 2018 at 12:05 pm,
        Robert Moriarty says:


        You could care less about the daily war crimes coming from your favorite nation. Iran has done nothing to anyone compared to the terrorist activity of the US and Israel.

        Iran isn’t the enemy.

        • On June 8, 2018 at 3:01 pm,
          David says:

          Bob: Agree

  6. On June 8, 2018 at 8:24 am,
    Chartster says:

    Or *Libya oil)

  7. On June 8, 2018 at 8:36 am,
    Chartster says:

    It’s not a coincidence that every country that boarders Iran has been at war for over 25 years. Iran was the base of operation. Duh..)

    • On June 8, 2018 at 11:28 am,
      irishtony says:


    • On June 8, 2018 at 12:07 pm,
      Robert Moriarty says:


      You made that up.

      Iran has been one of the few sane areas in the Middle East.

      • On June 8, 2018 at 1:51 pm,
        Chartster says:

        The Iranian people are great people. They have been controlled by a puppet government since the CIA coup in 1953.

        • On June 8, 2018 at 2:19 pm,
          GH says:

          So…Iran has been controlled since the CIA coup of 53 by…I assume that ZioAngloAmerican empire? So why are they demonized constantly? Are the CIA and Israel at odds over Iran?

          Clearly we have different working theories as to what is going on, but I don’t understand yours.

          • On June 8, 2018 at 3:38 pm,
            Ebolan says:

            Neither do I but I don’t play 4D chess. 🙂

          • On June 9, 2018 at 1:38 pm,
            GH says:

            I guess 4D chess players don’t like to reveal their secrets to us slowpokes…

  8. On June 8, 2018 at 12:19 pm,
    irishtony says:

    As a politican in the US, you are not likely to get very far unless you are willing to lick the hooves of a zionest.
    BTW…We have a few here in the UK….hoove lickers.

  9. On June 8, 2018 at 1:17 pm,
    CaliJoe says:

    A final washout in metals before the cartel release it to upside? I still see too much optimism. If history is any indicator, those constricted bollinger bands often break to the downside.

    • On June 8, 2018 at 2:23 pm,
      spanky says:

      It’s the same every single time. They take it lower than anyone ever dreams of. Pick a number. $1200, sure why the hell not.

  10. On June 8, 2018 at 1:55 pm,
    irishtony says: are some cartoons you may or may not enjoy.
    Have a look folks, scroll down there are quite a few.

    • On June 8, 2018 at 2:37 pm,
      GH says:

      The crazy thing is the belief that all expression critical of Israel, or any jew by any goyim can be squashed, and ALL the people can be fooled ALL the time. It’s ‘Beyond Chutzpah’.

      It’s only gotten them kicked out of 100+ countries.

      When will Jews realize that their leaders and elite are their real enemies, that intentionally bring ‘anti-semitism’ down on them wherever they go? When will they look at their own history with a critical eye, and overcome their brainwashing?

  11. On June 8, 2018 at 2:23 pm,
    john T. says:

    The pariah nation in the Middle East from my view is the U.S., not Iran. The U.S. has destabilized most of the Middle East with Israel’s help.

  12. On June 8, 2018 at 3:23 pm,
    Nigel says:

    I thought we were talking about markets, and yet every comment is about Israel, rather odd…I have my opinions about the ME but not sure this is relevant to the interview

  13. On June 8, 2018 at 3:47 pm,
    Ebolan says:

    Mr. Cory,

    Why are you going to need good luck for surviving next week???