Craig Hemke from TF Metals Report – Mon 5 Apr, 2021

Key downtrend levels to watch for gold and silver

Craig Hemke, Founder of TF Metals Report joined me on Thursday for a look at the key levels to watch in gold and silver. Refer to the charts below for a clear picture on where the downtrend lines in gold stand and the SILJ triangle/pennant pattern.

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

Gold Daily Chart
SILJ Daily Chart

  1. On April 5, 2021 at 7:13 am,
    Glenfidish says:

    Nice chart!

    Glen would not be one bit surprised if we hit the $1780-$1820 or tag the purple line or even go above it to lure more bulls in before aggresively heading back down again.

    Short term pattern gdx targeting 36 before a turn down and back up to test 37 possible 38 just kissing that 200 day moving average. This should happen within the next 3 weeks as you said this month would paint a rosy picture for gold but i would expect the last week of april to set the stage for the turn down. Its going to get nasty. Ive told everyone and warned everyone to be cautious.

    If i told you were gdx is targeting on my radar it would shake you but i believe we are looking at the same chart and possibilities.


    • On April 5, 2021 at 7:31 am,
      Wolfster says:

      Nice to see everyone’s take on things. Keep posting Glen. Might not always agree but have always valued opposing opinions more than assenting ones

    • On April 5, 2021 at 11:42 am,
      Matthew says:

      Glen, what percent are you long? If you’re confident GDX is going so low, I’d guess you’re mostly out. Is that correct?

  2. On April 5, 2021 at 7:35 am,
    Wolfster says:

    For those in the copper exploration plays. GSP Resources gas had a selloff that makes it very attractive here and the future Blackwolf (heatherdale ) has started moving higher on some interesting volume some days. This despite a pp @ .80 that still hasn’t closed. No warrants tho!!!

  3. On April 5, 2021 at 9:07 am,
    Holy Grail says:

    Just as I predicted many weeks ago. The general equities market is exploding into this time frame and if this continues it’s setting up for a rare money making opportunity gangbuster money filled dreams for hogs to come true towards the end of the month. We need this action to continue and then cease the opportunity in a highly leveraged short position towards the end of the month. This might be the train I was waiting for coming through the station. If not, there’s always another one.

    • On April 5, 2021 at 9:18 am,
      Holy Grail says:

      Also, I’ll even post the purchases orders/entries in advance for the financial instruments that’s being used. Nothing after the fact. This is not going to be 20/20 hindsight investing. Until this trade comes together for a grand slam home run 95% chance of making a killing nothing will be posted. We’ll see what happens and any sells orders will be posted after the fact because of the substantial money that’s on the line.

    • On April 6, 2021 at 5:00 am,
      TORONto says:

      hi holy grail
      you peeked my interest. just curious, what specifically would you be purchasing in the general equities market. i know it can be very private, you don’t have to answer if you don’t feel comfortable.

      • On April 6, 2021 at 7:23 am,
        Holy Grail says:

        Toronto, nothing really private (thank you) and here’s the very specifics.

        This trade has been developing for several months under my observations in the general equities market specifically shorting the S&P500. This is not investment advice whatsoever. I’ll be using possibly several different derivatives contracts that will consist of mostly, out of the money Put options some close expirations and others further out. In the money Put options with expirations possibly close in and further out.

        We’re definitely not there yet with this trade. This trade will only be initiated when all the analysis that is used lines up with pinpoint accuracy. There’s one specifically, I want to see a price explosion in the next several weeks. So far, things are shaping up real well.

        Once we get through that with success then I’ll start scrambling really fast possibly wasting no time looking at all the other analysis that will be taken in consideration. Real sentiment in bullish consensus and put call ratios including many other factors that will play into this very rare trade setup with a chance of a return as high 100X on the initial investment. Maybe even more it all depends what the market does. I can’t predict that. Once the trade is initiated then it takes someone real special to manage the risk unless there’s just a small amount of money involved. I’ll be investing a substantial amount of money in this trade. I’ll be very focused and won’t want any interruptions in my personal life whatsoever for several weeks. Right now, I haven’t looked at the derivatives contracts because it’s unnecessary everything’s going to change in the next several weeks fairly drastically the premiums will be very low and might not pay any premiums at all if the market has significant gains. The contracts must be very liquid and be trading quite frequently. I’m going to have to do the analysis fairly quickly could be within an hour I don’t know it just depends and with pinpoint accuracy. This market starts jumping to the upside with significant gains into the end of the month. Just depends on how everything lines up, that part I can’t predict and I could even average in over several days with these derivative contracts. Could be out of the money Put options further out they could be giving them away and even though the leverage isn’t that great you can still walk away with a big return four or five times on your investment possibly depends on how this market reacts to the downside. That’s where the combination of the derivatives contracts comes in with both in the money and out of the money.

        It’s a rare setup I believe and this market is ready to crack maybe with a historic decline. Like I said though, everything has to line up perfectly because the odds have to be at least 95% for me to even consider placing the trade. If not, it’s no problem there’s always another train coming through the station. I look for rare setups with very significant gains and that’s the only thing I’m interested in. I don’t chase anything either.

  4. On April 5, 2021 at 12:59 pm,
    Marty says:

    8 BAGGER, my 1st of the 2020-2021 season, GROW – Sold 60% position @ 9.36

    • On April 5, 2021 at 6:27 pm,
      Excelsior says:

      +8 Marty. Good job on your position in GROW. I can think of a number of good puns about their name and their corresponding price performance, but I’ll spare you that… 😉

      • On April 6, 2021 at 12:59 am,
        Excelsior says:

        Ah yes, the US Global Investors fund headed by Frank Holmes. It’s done quite well.

  5. On April 5, 2021 at 1:38 pm,
    Marty says:

    Venturing outside the PMs a little – polypropylene recycycling symbol- PCT. $23.11, 23.00. last week, 3 more tranches remaining at lower levels

    • On April 5, 2021 at 2:49 pm,
      Marty says:

      Want to hear more about PCT , YouTube: Michael Taylor how I’m positioning at the 35:00 mark

      • On April 6, 2021 at 1:02 am,
        Excelsior says:

        PureCycle Technologies looks interesting at first glance Marty. Thanks for sharing it.

        “Our ground-breaking patented recycling process, developed by Procter & Gamble, separates color, odor and contaminants from plastic waste feedstock to transform it into ultra-pure recycled polypropylene. Our PureCycle TechnologiesSM recycling service converts waste plastic into virgin-like plastic fully closing the loop on the reuse of recycled plastics while making recycled polypropylene more accessible at scale to companies desiring to use a sustainable, recycled resin.”

  6. On April 5, 2021 at 1:38 pm,
    RICHARD/DOC says:

    Plan on purchasing some Fosterville South tomorrow.

    • On April 5, 2021 at 6:26 pm,
      Excelsior says:

      That’s a good plan Doc. Fosterville South looks like good value after the pullback they’ve had, and they have a good project, good team, and good Aussie jurisdiction.

  7. On April 5, 2021 at 11:04 pm,
    Matthew says:

    It probably won’t be long before NEM is at a new all-time high.

  8. On April 5, 2021 at 11:20 pm,
    Matthew says:

    The dollar might have already found its high for the bounce that began 3 months ago.

  9. On April 6, 2021 at 3:19 am,
    Dickus says:

    Looks like Doc and Glen left behind at the station again playing with their MACD and models.

  10. On April 6, 2021 at 7:28 am,
    BDC says:

    His Wednesday FOMC minutes comment is noteworthy.