Craig Hemke from TF Metals Report – Fri 4 Oct, 2019

A Longer Term Outlook on Gold

Craig Hemke kicks off today with some comments on the long term outlook for gold. We can get distracted on the day to day moves, especially when they are as violent as they are now, but understanding the major drivers is key for most investors. Central banks are key to driving metals prices but some other factors also need to be noted.

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

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Comments:
  1. On October 4, 2019 at 9:44 am,
    CFS says:

    I agree with Craig Hemke, with one caveat….

    The DEBT will over-ride all political and economical behavior eventually.

    • On October 4, 2019 at 11:34 pm,
      Excelsior says:

      Negative Rates Are Rewriting the Rules of Modern Finance

      By Brandon Kochkodin – September 30, 2019

      “Negative interest rates have quite literally broken one of the pillars of modern finance.”

      “As economists and central bankers weigh the pros and cons of sub-zero rates and their impact on the world, traders have been contending with a rather more mundane, but fundamental issue: How to price risk on trillions of dollars of financial instruments like interest-rate swaps when their complex mathematical models simply don’t work with negative numbers.”

      https://www.bloomberg.com/news/articles/2019-09-30/how-negative-rates-broke-black-scholes-pillar-of-modern-finance

      • On October 5, 2019 at 12:09 am,
        Excelsior says:

        GOLD vs. PAPER MONEY: Production Cost Is A Good Indicator Of Real Value

        September 25, 2019 – SRSrocco Report

        https://srsroccoreport.com/gold-vs-paper-money-production-cost-is-a-good-indicator-of-real-value/

        • On October 5, 2019 at 1:23 am,
          Excelsior says:

          Fed Extends Repo Operations Through Nov. 4

          By entering the repurchase agreements, or repo, market, the central bank relieves funding pressure in money markets

          The Wall Street Journal – By Kimberly Chin and Dave Sebastian – Oct. 4, 2019

          “The Fed will continue to offer overnight repos, which are meant to relieve funding pressure in money markets, for an aggregate amount of at least $75 billion each night through Nov. 4.”

          “Additionally, the Fed said it would extend its two-week repo loans, as well. It plans to offer at least $45 billion between Oct. 8 and Oct. 11. After that, the amount available will drop to $35 billion through Oct. 29.”

          https://www.wsj.com/articles/new-york-fed-adds-about-38-55-billion-to-financial-system-11570194319