Craig Hemke from TF Metals Report – Thu 18 Jun, 2020

Are we entering the summer doldrums for metals already?

Craig Hemke joins me to address the generally boring nature of markets broadly but especially for the metals. This time of the year has some people thinking it’s the summer doldrums. We discuss this concept as well as how the bond market could foretell future moves in precious metals.

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

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Comments:
  1. On June 18, 2020 at 1:14 pm,
    OOTB Jerry says:

    This is JUMBO UGLY…………
    https://www.zerohedge.com/personal-finance/one-weird-sign-trouble-banking-sector
    Some of them were local banks, some were national banks (like our old favorite Wells Fargo) with local branches in the area.

    Literally every single bank told us, “Yeah, we’re just not doing jumbo loans…”

    • On June 18, 2020 at 1:17 pm,
      OOTB Jerry says:

      THAT IS going to turn into JUNK UGLY
      Americans have skipped payments on more than 100 million loans since Covid struck. That’s debilitating for banks.

  2. On June 18, 2020 at 1:44 pm,
    b says:

    Kinda looks to me that nothing has changed, doldrums are happening.

    I thought a couple months ago that the doldrums could be the best time to buy just as it generally always is.

    Bob hit the nail on the head again with his silver is 06/02/2020 Silver is Getting a Bit Frothy.

    Guess its a wait and see just how far share prices come down.

  3. On June 18, 2020 at 9:37 pm,
    Excelsior says:

    In Latest Liquidity Flood; ECB Hands Out A Record €1.3 Trillion In Negative Yielding TLTRO-III Loans

    Thu, 06/18/2020

    “Lost in the noise of the near-infinite liquidity tsunami earlier today the ECB announced the results of the latest TLTRO-III auction: in it €1.3 trillion was taken up by 742 banks, a take-up which Goldman called “significant”, with demand driven by i) replacing existing facilities which were maturing (we estimate €760 bn); ii) net new take-up (€550 bn).”

    “As a reminder, the main benefit to bond markets is the TLTRO “carry trade”, where banks are expected to use the cheap ECB loans – which pay the borrower to take out a loan – to buy higher yielding assets such as short-dated Italian government bonds.”

    https://www.zerohedge.com/markets/latest-liquidity-flood-ecb-hands-out-record-eu13-trillion-negative-yielding-tltro-iii-loans

  4. On June 19, 2020 at 4:49 am,
    Dick Tracy says:

    This is pretty ambitious, Amex is upscaling it’s drill program at Perron from four to six drills and doubling the meters drilled from 100,000 to 200,000 meters. DT
    https://web.tmxmoney.com/article.php?newsid=5556855011086827&qm_symbol=AMX

  5. On June 19, 2020 at 9:12 am,
    Excelsior says:

    Goldman Sachs hikes 12-month gold-price forecast to $2,000/oz

    Allen Sykora – Friday June 19, 2020

    https://www.kitco.com/news/2020-06-19/Goldman-Sachs-hikes-12-month-gold-price-forecast-to-2-000-oz.html