Craig Hemke from TF Metals Report – Fri 7 Feb, 2020

Recapping the moves in precious metals this week and what could drive the near term moves

Craig Hemke joins me today to share his thoughts on the moves in gold and silver this week. Gold has set up a higher trading range in the face of strong US markets while silver and gold stocks are still generally lagging. The big picture has not changed however with central banks easy and liquidity still largely available in the system.

Click here to visit Craig’s site.

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  1. On February 7, 2020 at 12:43 pm,
    b says:

    Should enuff people be quarantined in china that could slow gold sales.

    • On February 7, 2020 at 3:29 pm,
      OOTP says:

      Not so fast. China produced around 400 metric tons of gold per year. It seems reasonable that their production will decline by a similar percentage as their consumption. What if they start shutting down the mines, like they have other factories? I don’t know, but maybe it’s happening already. So there might not be any affect from decreased consumption.

      What’s more, physical demand doesn’t move prices anywhere near as much as synthetic “gold”.

      • On February 7, 2020 at 3:30 pm,
        OOTP says:

        “effect” not “affect”.