Craig Hemke – Gold Closes At All Time Quarterly High, But When Will Generalist Investors Take Notice?

Craig Hemke, Founder and Editor of TF Metals Report, joins us to discuss the set up in the precious metals sector as gold closed today at the all-time high on a quarterly basis.   While this was an encouraging technical data point for the longer-term trend, we review that there has still been lower volume in the gold and mining stocks trading and that most of it has been focused on the senior miners like Newmont.


We then go on to outline the ongoing Fed policy and rate hikes in the face of stickier high inflation and slowing growth, and how eventually the environment of stagflation could turn into a recessionary environment and ponder if the PM sector would get sold down with everything else.   Craig believes that the generalist will be reminded, once again, when the curtain is pulled back showing the reality of monetary policy’s limitations, that the Fed cannot normalize interest rates, and eventually will need to shift back to cutting rates to placate the markets. 


Next we unpack that it may take gold and silver to break out to new all-time price highs before we really see big generalist moves into the mining stocks.  We wrap up with getting Craig’s thoughts on silver price action and the silver miners, and some parting thought on being a patient value investor and precious metals accumulator.


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

    Mar 31, 2022 31:25 PM

    Price Quality:
    Gas & Oil — Gold & Silver — Last Revamp?
    April. Probable NatGas Top. Spring!
    Dollar Strong. War Capitulation?

    Mar 31, 2022 31:29 PM
    Mar 31, 2022 31:35 PM

    Silver’s big dip on Tuesday was simply a healthy backtest of the recently reacquired 200 day MA:

    Mar 31, 2022 31:41 PM

    Alexander Mercouris : Putin Decrees Gas for Roubles only!
    News today chisels the new rules in stone.
    U.S. NatGas may well be affected.

    Apr 01, 2022 01:54 AM
    Apr 01, 2022 01:13 AM

    Freaky Friday ………….. again…………….. Freaky “April Fools Day”..Friday…………

      Apr 01, 2022 01:35 AM

      A fresh new month, time for miners to advance.

        Apr 01, 2022 01:57 AM

        Past time………. up down , up down, up down………… silver still undervalued ,….thanks Jamie…. lol….
        thanks Powell, thanks Roth……… lol………

    Apr 01, 2022 01:03 AM

    Inomin taking a cleansing hit this AM. I was going to add but Schwab has the shares listed in a US symbol that does not exist. So…I will watch until they answer my email questioning that record keeping.

      Apr 01, 2022 01:47 AM

      Bloomberg shows a symbol of INIMF that hs been discontinued. I assumed I bought my shares under MINE.V which to my knowledge is the only symbol existing for Inomin. I have asked that they put my shares under a valid symbol which I bought through Sprott International. What do I know !!!!

        Apr 01, 2022 01:50 AM

        Very interesting……….. 🙂

        Apr 01, 2022 01:49 AM

        Schwab international…not Sprott. Not sure where that came from. I slept on my fingers.

          Apr 01, 2022 01:17 PM

          Klaus Schwab……… lol……..

    Apr 01, 2022 01:25 AM

    TSX Venture Index doing quite well…

    Apr 01, 2022 01:53 AM

    Did some house cleaning today after I saw the disclaimer in the Walker River release. The entry part of their release talked about “drill” results and the disclaimer towards the bottom of the release mentioned some form of sampling procedure. In any event, that made me decide to dump some things, along with Craig and Shad’s conversation above (I didn’t dump them…I took their conversation into mind or equivalent). I put them (not Craig and Shad but funds) into Emerita until something else is attractive like maybe adding some more to Petrus as I took some profits yesterday.

      Apr 01, 2022 01:45 PM

      Thanks for those comments Lakedweller2, and yes Craig was on point in the discussion above.

    Apr 01, 2022 01:17 PM

    I hope those who’ve been sitting in cash know how bullish today’s action is.
    The senior miners are leading as usual but I bet this quarter will see the juniors finally perform as they should.
    GDX:GLD weekly:

      Apr 01, 2022 01:25 PM

      Great news Matthew as they have taken all my stocks but 3 negative for the day. They are running out of room to make this week ending worse. I have only a few MMs left on my xmas card list after today.

      Apr 01, 2022 01:25 PM

      Yeah my orezone warrants are looking at a 52 week high close so I’m seeing it. 😎

    Apr 01, 2022 01:08 PM

    GDXJ:GLD closed above its 500 week (10 year) MA for the first time since June.