Craig Hemke from TF Metals Report – Thu 25 Jun, 2020

Options expiration for gold and silver – How price is impacted in the short term

Craig Hemke joins me to discuss the nuances in the moves in gold and silver this week. Today is options expiration and on Monday on silver front month contract comes off the board. These typically cause some short term volatility and also tend to trade around certain price levels.

Click here to visit Craig’s site and keep up to date with his metals outlooks.

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Comments:
  1. On June 25, 2020 at 2:08 pm,
    OOTB Jerry says:
    • On June 25, 2020 at 2:09 pm,
      OOTB Jerry says:

      Wonder if , they will eliminate BAG PIPES…………

      • On June 25, 2020 at 11:13 pm,
        blazesb says:

        Or baseBALLS

    • On June 25, 2020 at 2:38 pm,
      Jason says:

      Doesn’t matter what The Fed does gold will yawn, miners will trend lower, and the Stock Market will pump.

      • On June 25, 2020 at 2:54 pm,
        OOTB Jerry says:

        Nope Jason……….U is wrong………gold going higher……

        • On June 25, 2020 at 2:56 pm,
          OOTB Jerry says:

          I will agree with you on the stock market….pump and dump….Fed is going along with Donald, and the stealing will continue…..

          • On June 25, 2020 at 3:54 pm,
            OOTB Jerry says:

            https://www.zerohedge.com/commodities/why-gold-will-hit-record-high-second-half-2020
            Zero hedge looking to the KER GROUP for leadership…. 🙂

          • On June 25, 2020 at 6:25 pm,
            Glenfidish says:

            Hello to all on the ker!

            First and foremost I want to tap on an earlier blogger or messenger who felt the ker is saturated with politics..

            My answer is I agree but there ain’t a dam thing you or me can do about it because that’s what diversity is and al wants.. imo some of the same bloggers like cfs, Jerry, Irish, and many more not only contribute to politics but metals and miners. Actually I’m not sure if cfs ever participates in that he can speak for himself. I will tell you that from time to time out guru Matt has even chimes in on discussion! I think that’s why this site imo gets an 7/8 out of 10.

            So why are we not 10/10 imo, because we have an old school mentality that does not invite new minds and has many observers worries and scared of coming in and speaking there thoughts. Without a doubt this site has high intellectual people who on a daily write opinions that are well stated and written thus making people second guess themselves in participating.

            I’m sorry Al and Cory but for a very long time you are not getting to audience that is younger and opinionated differently. Does not mean it’s a bad thing but I can’t imagine a site like ours that has 4-8 heavy weights in miner and precious metals if not more and 6-12 on políticas if not more getting more interest!

            The fact is this.. we have audience but they watch, learn, make money from opinions and don’t participate which really upsets me.

            Anyhoo I feel once again the need to post this!

            Something know one commented on or said thanks..I know for a fact many are making money from Matt’s calls, ex, Jerry, Tracy and myself I’m last place regardless of nailing the last three weeks in price action.

            It would be nice if some of you out there reading and following chime in and say hey thanks! Because at some point you feel the need that what you do is not appreciated..

          • On June 25, 2020 at 6:38 pm,
            OOTB Jerry says:

            Glenfidish……great comments…..on wanting new participation….all are WELCOME….

      • On June 25, 2020 at 4:20 pm,
        Matthew says:

        Gold is up 35% year-over-year while the S&P 500 is up 12% yoy. Since their respective March lows, the S&P is up 40% while the XAU and HUI are up 95% and SILJ is up 132%.
        Since the stock market and GDP made their REAL all-time highs 20 years ago, the S&P 500 is down 69% vs gold (gold has more than tripled vs the S&P 500).

        Priced in real money, stocks look miserable:
        https://stockcharts.com/h-sc/ui?s=%24SPX%3A%24GOLD&p=W&yr=5&mn=0&dy=0&id=p77060199065&a=776226336

        • On June 25, 2020 at 4:40 pm,
          OOTB Jerry says:

          those are some impressive numbers………..some people should wake up and smell the roses…….. 🙂
          Yawn before dawn….. 🙂

          • On June 25, 2020 at 6:38 pm,
            Glenfidish says:

            Jerry,

            Exactly! Jerry I officially name you the grandfather of ker! Not that your old but you are the voice of reason.. cfs is passionate and I agree with many things.. Matt is genius for charts knowledge and helping people make money.. ex gives you many choices of companies that many can’t do and that deserves many persists. Tracy is hard cold in his voice but like Donald is voice of reason lol..

          • On June 25, 2020 at 6:41 pm,
            Glenfidish says:

            Matt i meant in posting while you are investing and buying lol.

          • On June 25, 2020 at 6:41 pm,
            OOTB Jerry says:

            Glenfidish……Well, ….thank you….. 🙂 Appreciate the thought…

          • On June 25, 2020 at 6:42 pm,
            Glenfidish says:

            Charts still waiting for your $600 dollar call on gold! By the way that was onions ago lol.

          • On June 26, 2020 at 6:37 am,
            OOTB Jerry says:

            Hey Glen,……did you post this for Chartster?
            Charts still waiting for your $600 dollar call on gold! By the way that was onions ago lol.

      • On June 25, 2020 at 4:31 pm,
        Matthew says:

        Priced in gold miners, the S&P 500 topped 18 months ago and still doesn’t look good at all. It was all over more than a year before the covid scapegoat:
        https://stockcharts.com/h-sc/ui?s=%24SPX%3A%24GDM&p=W&yr=5&mn=0&dy=0&id=p74973857227&a=776228804

        Put the Kool-Aid down.

  2. On June 25, 2020 at 4:50 pm,
    b says:

    https://youtu.be/DJuqJxNYOKs

    G. Edward Griffin: “Creature From Jekyll Island” Author Explains Federal Reserve’s Banking Scheme

    Mr Griffin mentions he thinks people are starting to catch on.
    Makes no dif which party has the pres, money printing, how the bankers think etc

    Any chance Al you would be interested in interviewing Mr Griffin?

    • On June 25, 2020 at 5:00 pm,
      OOTB Jerry says:

      About time……..people are really slow…..

      • On June 25, 2020 at 5:02 pm,
        OOTB Jerry says:

        no wait…..it is is conspiracy ……. lol 🙂

        • On June 25, 2020 at 6:35 pm,
          John Kruschke says:

          B:
          Years ago Al recommended to me To read Mr Griffins book.
          I was never to be the same.
          I know Al knows exactly what is going on.

  3. On June 25, 2020 at 6:23 pm,
    Chartster says:

    OOTB!
    It’s Not a conspiracy that people are slow!
    C’mon!

    😎

    • On June 25, 2020 at 6:25 pm,
      OOTB Jerru says:

      LOL……….

      • On June 25, 2020 at 6:28 pm,
        OOTB Jerry says:

        I am going by my Islamic name…. Jerru…..lol… I am going democrat…..lol

        • On June 30, 2020 at 12:03 pm,
          paul says:

          I would not doubt it traitor.

  4. On June 25, 2020 at 6:35 pm,
    Glenfidish says:

    Hey guys sorry for my spelling and grammar once again. You must be saying wtf glen!
    Matt thanks again for all your charts and hard work in posting while you are reading it’s just plain insane!

    Chartser I sent you a friendly message to your bearish call and you never responded.. dialogue is always key

    To the boys! Gold will break through $1800 and chartser will have to wait for his move. We are going higher even Gary, bob and Jordan will all have to wait and climb the walk of worry..

    I’ve said this once and I will say it again.. we have some young heavy weights in here that have been calling the precious metals market to the point.. we need people to appreciate it your going to lose these bloggers. I can’t state enough how valuable Matt is!

    One day we are here the next we are gone. Folks say hi and thanks we don’t run for profit website or newsletters..

    • On June 25, 2020 at 6:45 pm,
      Chartster says:

      Hi Glen,
      I still think we are due for a pullback. Look at all those double tops. Look at the MAs on some of this stuff.
      I’m not going to argue. I’m just stating what “I think”.
      By the way, the folks that don’t have pause with all these double tops,, are gonna learn a lesson. (Just sayin)

      • On June 25, 2020 at 6:52 pm,
        Chartster says:

        Glen,
        I just put it out there for you to look at. You do your own analysis. What I sent was a “ heads up “ (IMO).
        We all look at all sides. I just gave you a different perspective.

      • On June 25, 2020 at 6:54 pm,
        OOTB Jerry says:

        Chartster…..I THINK…..you better look at the big cup and handle……stop looking at short term.charts…., this is a big cycle move……jmo

        • On June 25, 2020 at 7:02 pm,
          Chartster says:

          I agree with the cup and handle. However, I still think we are not done with the big wash.
          It has to happen, just like all other assets.

          We are in a bull market. We are just going to see another wash.
          And we ain’t seen ‘ the big one ‘ yet.

          • On June 25, 2020 at 7:07 pm,
            OOTB Jerry says:

            There are not enough people left to be washed out..that bought from $1750 to $1923..most of the overhead resistance has been taken out….in the last 8 to 9 years…..jmo….

          • On June 25, 2020 at 7:51 pm,
            Chartster says:

            I understand your thoughts about ‘not enough people’ .
            Consider that, the commercials haven’t entered yet. And why is that? The commercials are the smart money. The retail guys don’t mean squat. Yes, it’s a little bump here and there), but the real money is sitting tight. [ there is a reason for that ].

          • On June 26, 2020 at 6:30 am,
            OOTB Jerry says:

            Chartster………good thoughts as always…..thanks….

          • On June 26, 2020 at 6:35 am,
            OOTB Jerry says:

            Chartster………question…..?????????………..
            “there is a reason for that ]”…….you wrote,…..
            I am kind of dumb,…..but, give me a few reasons…( I am not trying to be smart), just want to make sure , I am not assuming anything. Thanks……

    • On June 25, 2020 at 6:50 pm,
      OOTB Jerry says:

      Ditto………Matt…..is under appreciated…….and complemented….along with EX…man these guys do a lot of work, for free……People should give some appreciation notes….
      Give a little appreciation for the hard work…..

      • On June 25, 2020 at 10:43 pm,
        Excelsior says:

        Thanks OOTB. Right back at you sir!

        • On June 26, 2020 at 6:47 am,
          OOTB Jerry says:

          U R welcome…… 🙂

      • On June 26, 2020 at 6:16 am,
        David says:

        Not only does Matt, Ex, DT , OOTB and others that post and give interviews give outstanding and timely information on a daily basis, but for those of us still learning , their contributions provide an educational experience unmatched on the interweb. Thanks to all. I think separating politics and investing is a good thing.

        • On June 26, 2020 at 6:24 am,
          OOTB Jerry says:

          Thank you David, …for your contribution., we are all working and contributing for the same reason…..survival….. 🙂

        • On June 30, 2020 at 12:05 pm,
          paul says:

          And let’s not forget jmiller. One of the smartest on this site.

  5. On June 25, 2020 at 6:40 pm,
    Chartster says:

    I’ll go by my Indian name, master spear thrower. (true)
    However, I’ll never be a democrat/socialist/ communist,,ever.

    I will give an oath to uphold and protect the original constitution. 😉

    • On June 25, 2020 at 7:15 pm,
      OOTB Jerry says:

      We need to talk to the tribe , about the original constitution…….many do not have a clue , on what you are referring ……

  6. On June 25, 2020 at 8:52 pm,
    Glenfidish says:

    Jerry, was

    Thanks for your kind words as always! Ditto on your views of the short term bs long term charts. You have a very good sense of gold! You are way smarter then you portray yourself!

    • On June 26, 2020 at 6:26 am,
      OOTB Jerry says:

      Glenfidish……….you way to kind……glad to have you aboard….

      • On June 26, 2020 at 6:27 am,
        OOTB Jerry says:

        are….(old age slipping in, ) …

  7. On June 25, 2020 at 8:55 pm,
    Glenfidish says:

    Chartser,

    I don’t completely disagree with what you are saying! I just disagree with your timing.. the washout you claim is just going to be a buying opportunity of a lifetime. Yes could happen soon but not quite yet!

    $1800 will be broken and you will have to wait another 3 weeks if not more..

    • On June 26, 2020 at 6:42 am,
      OOTB Jerry says:

      Ditto……….I agree……….with buying opportunity of a lifetime…..
      Since I am the “Grandfather of the Ker”…. I hope my timing is right… 🙂
      (note to crowd,….Glen appointed me…the grandfather….lol 🙂

  8. On June 26, 2020 at 4:16 am,
    cfs says:

    Glenfidish, I a little shocked you wonder whether I focus only on politics.
    I do itroduce new companies to this site, but I concentrate on facts not opinions in metals and mining.
    Here’s my contributions, for example from yesterday (6/24), actually 2 days ago, as I write this:

    COMMENTS:
    On June 24, 2020 at 3:00 pm,
    cfs says:
    Galway Metals drills 0.6 m of 186.5 g/t Au at Clarence

    2020-06-24 07:18 ET – News Release

    Mr. Robert Hinchcliffe reports

    GALWAY METALS INTERSECTS 186.5 G/T AU OVER 0.6M IN NEW DISCOVERY, 950M WEST OF THE JUBILEE ZONE; INCREASING DRILLS FROM 3 TO 5

    Galway Metals Inc. has released assay results from wildcat exploration drilling located 950 metres southwest and along strike of the westernmost intersection of the Jubilee zone at the company’s Clarence Stream project in southwestern New Brunswick, Canada. That intersection had returned 1.9 grams per tonne (g/t) Au over 43.3 metres (m) (35.7 m true width (TW), including 21.2 g/t Au over 2.35 m), starting at a vertical depth of 36 m below surface (Sept. 5, 2019). The new discovery returned 186.5 g/t Au over 0.6 m from a 35-centimetre quartz vein that contains very fine sulphides, including arsenopyrite. Another similar vein located 13 m farther downhole returned 2.2 g/t Au over 0.7 m. The closest drill holes are located 270 m to the southwest and 560 m to the northeast. The one to the northeast intersected 4.4 g/t Au over 1.0 m and also contained 4,050 parts per million bismuth and 344 ppm tungsten (Sept. 5, 2019). These results appear to be along the Jubilee-Richard-George Murphy zone trend that Galway believes is part of the same 2.5 km long mineralized system.

    Reply to this comment
    On June 24, 2020 at 3:02 pm,
    cfs says:
    VIZSLA DRILLS 1,544 G/T SILVER EQ. OVER 8.2 METRES IN NEW DISCOVERY AT PANUCO PROJECT, MEXICO

    Vizsla Resources Corp. has released the first drilling results from the Napoleon vein corridor at the Panuco silver-gold district in Mexico. Five holes have been completed to date and results have been received for the mineralized intervals of two holes, NP-20-02 and NP-20-03, with high-grade intercepts returned. The company has restarted exploration and currently has two drill rigs operating on the property.

    Reply to this comment
    On June 24, 2020 at 3:03 pm,
    cfs says:
    GOLDMINING ANNOUNCES CREATION OF GOLD ROYALTY CORP., A NEW GOLD-FOCUSED ROYALTY COMPANY

    Goldmining Inc. has created Gold Royalty Corp. (GRC), a newly incorporated wholly owned subsidiary, that will hold 14 newly created net smelter return (NSR) royalties on its extensive gold-focused asset portfolio in the Americas.

    Reply to this comment
    On June 24, 2020 at 3:05 pm,
    cfs says:
    SPROTT INC. APPROVED TO LIST ON THE NEW YORK STOCK EXCHANGE

    Sprott Inc.’s common shares have been approved for listing on the New York Stock Exchange. The company expects its common shares will commence trading on the NYSE as of market open on June 29, 2020, under the ticker symbol SII.

    Reply to this comment
    On June 24, 2020 at 3:10 pm,
    cfs says:
    After consultation with local mayors:
    Aurania’s exploration teams re-entered the field in mid-June to commence mapping and soil sampling on a number of priority targets for gold-silver, copper-gold and copper in Ecuador. The company has also requested quotes from several geophysical service companies for a heliborne mobile MT survey as a means of identifying sulphides related to porphyries and epithermal gold-silver systems, as well as resistive zones that may represent silica-enriched areas linked with epithermals.

    Reply to this comment
    On June 25, 2020 at 8:35 am,
    cfs says:
    https://minesandmoney.com/online/apac/

    Reply to this comment
    On June 25, 2020 at 9:08 am,
    cfs says:
    https://www.irvresources.com/news/irving-resources-intersects-multiple-veins-in-first-three-holes-at-omui-mine-site.
    Glenfidish…..Just an example of a batch of information from me,CFS

    • On June 26, 2020 at 8:55 am,
      OOTB Jerry says:

      Must have been over shadowed by all the posting of the bogus virus….. 🙂

    • On June 26, 2020 at 9:11 am,
      Glenfidish says:

      CFS,

      My apologizes.. You bring plenty of value here did not mean to portray something else. Keep me coming 🙂

  9. On June 26, 2020 at 5:15 am,
    cfs says:

    Glenfidish, I do post info on metals and mining…..I just reposted a hunk of my stuff from
    6/24 LOBO TIGGRE section to prove it, but since it contains multiple citations, it got moderated,….. not posted yet.

  10. On June 26, 2020 at 6:52 am,
    OOTB Jerry says:

    MORON REPORT……….BIDEN ….Biden Says He Would Make Mask-Wearing Mandatory:
    https://www.zerohedge.com/geopolitical/us-sees-record-jump-covid-19-infections-2nd-day-row-biden-claims-hed-make-mask-wearing
    He only wants to make sure nobody sees his lips moving,….then they can wire him with a voice machine ….and control him from outer space…..Chinese puppet master , creepball

  11. On June 26, 2020 at 7:28 am,
    OOTB Jerry says:

    HEY JOHN K>>>>>
    this is for you……Building No. 7……coming up….
    https://www.zerohedge.com/news/2020-06-25/new-wtc-building-7-documentary-coming-august

    • On June 26, 2020 at 7:37 am,
      OOTB Jerry says:

      New lawsuits coming….and filed…..FBI withheld evidence….

      • On June 26, 2020 at 7:42 am,
        OOTB Jerry says:

        Proving explosives were used…….engineers up to 3000 members signed on….

        • On June 26, 2020 at 7:44 am,
          OOTB Jerry says:

          Poor Rick, is going to look like a ding dong…..like I said years ago…. 🙂

          • On July 7, 2020 at 7:56 pm,
            paul says:

            Poor Jerry is a ding dong already.

      • On June 30, 2020 at 12:08 pm,
        paul says:

        Keep dreaming OOTB Jewboy.

    • On June 26, 2020 at 7:46 am,
      John Kruschke says:

      Hi Jerry:
      To much time has passed.
      This is fitting as 9/11 is just another documentary. And people wonder why were in the mess were in.
      I wrote a book about the Deep State connection to 9/11 and I decided not to publish when my daughter and son in law leased their helicopter and entities named in the book were clients.
      Unfortunately in my book, everything that is coming we all deserve.

      • On June 26, 2020 at 7:59 am,
        John Kruschke says:

        I will add to Jerry that when I was a volunteer with A&E strange things started happening with my trading account. I wish I could chock it up to coincidence but I know better.

        • On June 26, 2020 at 8:04 am,
          John Kruschke says:

          Angels Don’t Play This Harp. Dr Mark Begich
          Connect the dots.

          • On June 26, 2020 at 8:27 am,
            OOTB Jerry says:

            9/11……..is just to show how ruthless the insiders are to the sheeple…….and really, what they want is TOTAL CONTROL…..

      • On June 26, 2020 at 8:17 am,
        OOTB Jerry says:

        Hello John……..interesting you mention the helicopter and planes……..
        Dyncorp comes to mind…all the big wigs associated ….Epstein, ….on and on…
        A lot of people have been asleep at the switch……Exposing the scum bags like Bush , should have been a wake up call to the clueless.

        • On June 26, 2020 at 8:19 am,
          OOTB Jerry says:

          I am going to keep up with the 9/11…….because it exposes the people you should not get screwed by….and there are a lot of them….
          Most current ones….GATES , Fauci……….the unmasking …… total control of the mind.

          • On June 26, 2020 at 8:22 am,
            OOTB Jerry says:

            More interesting is the FBI cover up in 9/11……..and it is still going on in the FBI/CIA…IRS, Congress for idiots…..

          • On June 26, 2020 at 9:36 am,
            John Kruschke says:

            Jerry:
            Most people don’t care and the ones that should are to busy playing Identity Politics.

          • On June 26, 2020 at 9:43 am,
            OOTB Jerry says:

            Like most things in life………..there is wrong and right……

          • On June 26, 2020 at 9:49 am,
            John Kruschke says:

            Like the Dr told me:
            The left side of your brain there is nothing right and
            the right side of your brain there is nothing left.
            Down is up and up is down and oh my God there’s the ground.
            Keep up the good work Jerry.

          • On June 26, 2020 at 5:46 pm,
            OOTB Jerry says:

            Thanks John….You also…… I need all the back up I can get…