Craig Hemke from TF Metals Report – Thu 2 May, 2019

Comparing 2010 to 2019 For The Precious Metals Sector

Craig Hemke and I chatted today about comparing 2010 to the current year for the precious metals. In 2010 most of the gains started in late summer so the fact that gold is slightly down from the beginning of the year does not have him too concerned. What it comes down to simply is a switch in Fed policy to a QE program or some kind of easy money policy.

Click here to visit Craig’s site – TF Metals Report.

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  1. On May 2, 2019 at 1:14 pm,
    OOTB Jerry says:
    BIG SPREAD …………..Shanghai……..Silver $16.45

    • On May 2, 2019 at 3:19 pm,
      cfs says:

      Yeh, but silver’s riding the lower bollinger band down……should be another buying opportunity tomorrow.

      • On May 2, 2019 at 4:02 pm,
        OOTB Jerry says:

        My Point………was that silver at this time……has the biggest spread/ separation in price that has not been seen for a very long time……

        • On May 2, 2019 at 4:13 pm,
          OOTB Jerry says:

          In a manipulated market…..I question the need for information on bollinger bands.
          Not to say, it is not great info for day traders.
          Long term…..if you miss a little at the bottom, is no big deal……..JMO

          • On May 2, 2019 at 4:19 pm,
            OOTB Jerry says:
          • On May 2, 2019 at 7:10 pm,
            cfs says:

            OOTB, you do understand the point of the manipulation is to maximize profits for JPMorgan, not just to drive the price low.

            Since most people expect the price of metals to rise over time wth inflation, the banks/market-makers take the over side of the trade. That is why the manipulation tends to be in a direction to lower price. (Not always, but most of the time.)

            The Bollinger bands and Moving averages tell an intelligent person where the stops are.
            It is the location of the stops that is where JPMorgan drives price to manipulate the market.

          • On May 3, 2019 at 3:43 am,
            OOTB Jerry says:

            Yes, I understand everything……..not all is wisdom…….and we see the collapse of society as the fraud that has been perpetrated on the sheeple with this manipulation.

  2. On May 2, 2019 at 1:41 pm,
    OOTB Jerry says:

    Just so sad, ….we have such corruption in supposed …trusted govt….
    CFTC…..biggest joke,…..along with CME…….nothing is changing.
    Charts are bs.

  3. On May 2, 2019 at 1:44 pm,
    OOTB Jerry says:
  4. On May 2, 2019 at 2:09 pm,
    OOTB Jerry says:

    In 2010……no one knew about QE bs……..and how it worked……problem it does not work…..Things are a lot worse than 2010…..double kick in the teeth…….jmo

  5. On May 2, 2019 at 2:12 pm,
    OOTB Jerry says:

    Comments from jsmineset………….
    The beatings in Gold carry on, but only because of the centrally planned manipulations ordained by those governing bodies that are supposed to protect us from market monopolies (not of their own creation) as the BS continues, with Gold down $11 at $1,273.20 with the low at $1,271.30 after starting at the high at $1,279.40. A big thank you is coming from the few COMEX buyers who see the only answer to the short game is to take away the manipulators ball during the COMEX play time (physical deliveries). Silver is faring better (for now) with the trade down only 4.4 cents at $14.685 with the low at $14.625 after the late night high of $14.72 started everything off. The US Dollar is barely moving even after yesterday’s wait and see report from the FOMC with the Dollars trade at 97.37, down 4 points with the low at 97.255 and the high at 97.435. Of course all this is done by foreign entities until our trading system kicks in and does nothing the rest of the day.

    Venezuela’s violence between factions and the markets reactions are not working like they used to, or should, with Gold now priced at 12,716.09 dropping 109.86 in Bolivar value with Silver losing 2.248 Bolivar overnight with the price at 146.666. The Argentine Peso now has gold priced at 56,321.46, a 537.99 A-Peso loss with Silver being pushed down to 649.662, losing 10.425 Pesos overnight taking back some of those huge gains made last week when Silver went to 692.13. It seems the markets are saying Riots and Violence are bad for Silver and Gold pricings. WTF are Algos doing? Everything is literally backwards 1984 style.

    • On May 2, 2019 at 5:15 pm,
      Ozibatla says:

      Yeh I would take what Jim says with a pinch of salt. Hes been preaching ridiculous gold prices for 10 years now. This sort of sensationalism serves of no benefit to the average Joe.

      There are your perma bears and perma bulls. Both parties love to preach a compelling story. Bottom line is: PMs are so badly out of favour at the moment. The bear in my mind lives on in the PMs sector… Particularly the physical aspect and especially silver.

      The sidelines looks the best place to be currently, particularly when one takes into account the downside bias seen in the PMs charts.

      • On May 2, 2019 at 5:36 pm,
        OOTB Jerry says:

        That was not Jim…….that was a new commentator, who out lines what is going on…in the pretend manipulated gold and silver market………He usually has a good take on the subject.

        I do not disagree with you concerning the sideline.

        • On May 2, 2019 at 6:28 pm,
          Ozibatla says:

          Apologies for automatically assuming they were Jims words. I actually think alot of peoples analysis on the metals is fundamentally sound. Unfortunately, sentiment seems to be the overriding factor as a price determinent and this sector is so badly beaten sentimentally speaking.

          I suppose the million dollar question is: When will the broader stock market take a prolonged dive? Thus allowing the alternatives to be back in vogue.

          • On May 2, 2019 at 6:44 pm,
            OOTB Jerry says:

            No problem, I appreciate your comments,
            Those are great questions…….a prolong dive, is anyone’s bet.
            After, umpteen years of upward movement, …logically, this should have happened long ago…..with out zirp , qe, and crooked fed. the normal cycle would have taken place.

          • On May 3, 2019 at 5:27 am,
            OOTB Jerry says:

            The next few years will likely see a complete turnaround in the basics of current markets. Be prepared. I suspect we’ve hit peak greed.

            The age of inflation targeting is over – we are going to undergo profound change after the scale of the last 10-years mistakes becomes apparent. It’s going to be bad news for some, but great for others.

            here are a whole series of things the week that have triggered this morning’s Friday rant:

            Billionaire Ray Dalio’s comments on the inevitability of Modern Monetary Theory, and his acceptance of the need for taxing the rich, is one aspect of the new financial reality. The imperative for change in the actions of central banks as they are stuck in zero rates is one thing. The fact his thoughts are echoed my many other leading economists, but also by the rising star of politics, Alexandria Ocasio-Cortez, is fascinating.
            I was stuck by the Sob-Story of a Chinese mother who blubbed she thought the $6mm she paid a corrupt sports coach was sponsorship to get her daughter into Stanford University. The video her daughter made was much more revealing – justifying her privileged admission to her “followers” on the basis of hard work she never did.
            Or how about the billionaire boss of US pharma firm INSYS, John Kapoor, going to jail for bribing doctors to overprescribe opioids – now one of the largest killers in the US. What shocks me is the numbers of doctors happy to take $150k per year from Insys not blinking as they were killing their patients!
            This week in LA was the “Predators Ball” in Los Angeles – the Milken Institute’s annual gab-fest of the great and greedy of the markets. It’s been described as yet another gathering of “Billionaires telling Millionaires what the ordinary people think”. The theme of the conference was “Driving Shared Prosperity”. (WTF does that mean?) Some of the participant quotes are shocking – but at least the Billionaire message was very simple: Capitalism is Good, Venezuela and Russia prove that Socialism is very bad – taxing billionaires is Socialist and therefore very bad. The conference came complete with a sound garden and a puppy petting park – because petting puppies “reduces blood pressure, promotes focused inter-reactions, and stimulates problem solving.” BARF.

          • On May 3, 2019 at 5:31 am,
            OOTB Jerry says:

            Next on greed……
            On Saturday, thousands of people shelled out up to $1,500 per ticket (although there was a $39 Groupon) to attend the Real Estate Wealth Expo, where rich celebs—including Sylvester Stallone, Pitbull and Alex Rodriguez—would be doling out financial advice
            Marshall Sylver put audience members into a trance and showed them photos of his Rolls Royce, while pushing them to sign up for his $3,000 three-day seminar. Many of the day’s speakers had a penchant for the phrase, “This will change your life.” It was kind of like a Tony Robbins self-help seminar, with a side of get-rich-quick schemes.

  6. On May 2, 2019 at 2:16 pm,
    OOTB Jerry says:

    When Ray D…..says the markets are screwed up……it is really bad.

    • On May 2, 2019 at 7:43 pm,
      Ozibatla says:

      Normal cycles….I like that term. They are a thing of the past I wouldve thought in this day and age. Cycles will still eventuate and subsequently we will witness peaks and troughs. However, interference through various avenues will always dictate a form of control and the “Invisible hand” process. Many can now see the so called invisible hand mind you.

      It is what it is and us small players cannot not change this. We merely have to adapt and attempt to keep ahead of the curve. If nothing else, these a very interesting times. The can kicking has certainly gone on even further than I anticipated without the inevitable negative repurcussions. All this means in my eyes, is that we are setup for an even bigger fall if and when it occurs. Past instances and trends indicate that every major global sell-off/crash/black swan event that has occurred in the past has been worse than its preceding crash. If this trend were to remain, I wonder how much worse the next crash will look like compared to the GFC?

      • On May 3, 2019 at 4:33 am,
        OOTB Jerry says:

        You are 100% correct….us small players cannot change this…..and we need to adapt.
        Central banksters want to own everything…..via through debt, and bondage of the sheeple.
        The feudal system has arrived…..most just do not see it yet. The haves and have nots.

  7. On May 2, 2019 at 2:37 pm,
    paul says:

    Why are you Corey and quest among others hoping for stock market to crash so you can profit from your precious metals investments. I want to see market continue to grow and hope I never see things go bad in stocks so I can make money in gold. I invest in gold as a hedge against inflation if it ever comes and a war or some catastrophic event.

    • On May 2, 2019 at 3:21 pm,
      cfs says:
    • On May 3, 2019 at 11:39 am,
      GH says:

      Hoping for a return to sanity in the markets and betting on it is not hoping for a crash, Paul.

      A crash, or worse, is already baked into the cake and hoping one way or the other is irrelevant.

  8. On May 3, 2019 at 5:42 am,
    OOTB Jerry says:

    Jobs report…………….
    Wait…..what is this………..Temporary federal government hiring for the U.S. Census Bureau’s 2020 count may give nonfarm payrolls a boost starting with the April jobs report due Friday, economists say

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