This year’s gold run in terms of real interest rates and investor confidence

April 16, 2020

Craig Hemke wraps up our editorials today with a focus on the gold price moves from last year’s breakout to the current run to (just short of) $1,800. Craig called the big move in gold last year so we revisit the major drivers that pushed gold higher. Also looking ahead to the rest of this year and where he sees gold moving.

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

In case you missed it there is a special webinar coming up with Revival Gold next Monday, April 20th. Click here to sign up and attend the live event. You will also have first access to the recording.

    Apr 16, 2020 16:35 PM

    Anyone know anyone talking/thinking that “Sell in May and Go Away” is a super strategy going forward from here??

      Apr 17, 2020 17:30 AM

      Mark Cuban is moving to cash ahead of what the billionaire sees as another rough stretch for the stock market

      April 16, 2020

      “Three years, five years from now, the market will be up from where we are today,” Cuban said. “When we look back in 10 years, there’s going to be some amazing companies created, and having access to cash, or having cash, is going to give me an opportunity to invest in them.”

      “As for now, beyond just moving completely to cash amid the coronavirus pandemic, Cuban sees opportunities in both commodities and real estate. He didn’t go into details on which commodities, but he pointed to big, dense cities as having some areas where bargains could pop up.”

    Apr 17, 2020 17:28 AM

    Jeffrey Gundlach @TruthGundlach

    “What people in financial media don’t seem to understand is that we are never going back to the January 2020 “You blow dry my hair and I’ll blow dry your hair” economy. Saving money and having a net economically productive skill will be the new cool.”

    Apr 17, 2020 17:40 AM

    Matthew and Excelsior, at what price would you buy shares of CVX, RDS.B, XOM, and SLB?
    Thanks. As far as FNV vs. NEM, why not own both? I sure do; FNV@25 and NEM@17, and AEM@8.

      Apr 18, 2020 18:11 AM

      Hi Bonzo – I’m still not sure we’ve seen the worst in the Oil patch yet, and with WTI plunging down to $18 on Friday, many of the producers are going to get further pinched. Some feel it could get down into the single digits, but that is likely a stretch. However, with driving way down, airlines and cruises way down, many businesses closed, etc… there just isn’t any demand to mop up the insanely oversupplied global markets at this point. I’d like to see another month of pain in the energy sector, before getting more bullish.

      I had started a position in XLE (the Oil producers ETF) in high $20’s and traded it back and forth from $27-$33, but then sold out completely on the relief rally in the Oil stocks.

        Apr 18, 2020 18:13 AM

        By the way, I completely agree that there is no reason one can’t own both NEM and FNV. It never makes any sense to me when investors get mutually exclusive to only buying Newmont or Franco. Hell, if you like them both, then buy them both.

        It’s the same with so many asset classes… For 3-4 years there was this should you buy Bitcoin or Gold. I’m a big Gold fan over Bitcoin, but if investors are in the fence, then split the capital and buy some of both.

        I’m not sure why people get into the mindset of should I buy (A) or (B). Buy them both.

      Apr 17, 2020 17:09 AM

      Just like 9/11……..Cantor gets a tip……do not go to the office…. 🙂

    Apr 17, 2020 17:15 AM

    Freaking Idiot Michigan Governor…….caves…….I guess the sheeple scared the crap out of the bitch ………

      Apr 17, 2020 17:16 AM

      This is the ONLY way to get the attention of the GOVT…..PERIOD….

      Apr 17, 2020 17:24 AM

      The Michigan governor got scared when she saw those Confederate battle flags.
      She was scared the northern peninsula would secede from southern Mich.
      Was Doc won of the protestors with a rebel flag?

        Apr 17, 2020 17:33 AM

        Sure puts the New Yorkers to shame……18 Million of those sheep, and Cumo got the sheeple to bed down…. 🙂