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Gold’s ‘U’ Shaped Recovery and Silver’s CoT Report

Cory
March 8, 2018

Craig Hemke, Founder of TFMetalsReport.com joins me today to outline the general direction and long-term recovery in the gold price. Noting the chart below it looks positive for gold to continue its recovery but watch out for one more drop to get investors back interested.

Click download link to listen on this device: Download Show

Click here to visit Craig’s site for more metals commentary.

Discussion
12 Comments
    CFS
    Mar 08, 2018 08:23 PM
    Mar 08, 2018 08:00 PM

    What a shock. The turd finally figured out who controls the direction of movement in commodities. To his horror, it was the speculators but he finally got it right. The specs make trades, the commercials cover them. And the specs buy at tops and sell at bottoms. One more wash out of the perma bulls and we will be off to the races.

    b
    Mar 08, 2018 08:04 PM

    I like the idea of “one more washout and were off”.

    I cant help but think it happens during the doldrums.

    Mar 08, 2018 08:22 PM

    Watch the XAU and HUI. They are close. We need all those people who believe that manipulation matters to puke up their shares. They can be counted on doing so at the bottom and often as with the Silver cots, will actually go short. They power the move higher as they cover. And eventually they will buy and we will know it’s another top. I love the people who believe that manipulation matters.

      Mar 08, 2018 08:02 PM

      You are spot on Bob! A combination of the manipulation crowd selling and specs beings caught in a huge short position would be the bottom we are all waiting for.

        Mar 08, 2018 08:21 PM

        Cory:

        Actually it would be the climb we are all looking for. The market will continue down as they keep shorting. Then one glorious day the market turns and all those panicked short buy at any price. I love the speculators, they just give their money away.

          Mar 08, 2018 08:25 PM

          Good thoughts guys and agreed. Most of the big moves higher start with shorts covering and up it goes, and then the momentum traders decide to jump aboard.

          I’m looking forward to the short squeeze rally, when it arrives to kick off the next major impulse leg of this bull market.

    Mar 08, 2018 08:39 PM

    Weiner, Christian, Moriarty…just saying.

    CFS
    Mar 08, 2018 08:59 PM
    Mar 08, 2018 08:26 PM

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    https://www.youtube.com/watch?v=C1kQAujKmnQ