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Does the recent inflation data really matter for gold?

Cory
May 14, 2021
Comments (16)

Craig Hemke, Founder of TF Metals Report joins me for another discussion on the recent jump in inflation data and what it means for the gold market. We discuss the recent volatility in the gold price as well as what will be the key factors to bring in more investors.

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

gold Inflation/Deflation
Discussion
16 Comments
    bonzo
    May 14, 2021 14:17 AM

    Anti-lockdown rallies in 40 countries on May 15. Go to YouTube and listen to Van Morrison sing “No More Lockdowns” and then “Stand and Deliver,” written by Van and sung by Eric Clapton. Rock on Van and Eric!

    Matthew
    May 14, 2021 14:48 PM

    Gold looks great heading into next week. It managed its best weekly close since January and best daily close since February 10th.
    Weekly:
    https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=7&mn=0&dy=0&id=p28535620702&a=716061806

    Matthew
    May 14, 2021 14:52 PM

    Bitcoin turned bearish a month ago but the true believers remain in denial.
    https://stockcharts.com/h-sc/ui?s=%24BTCUSD&p=D&yr=0&mn=7&dy=0&id=p38517237828&a=946395811

    Matthew
    May 14, 2021 14:59 PM

    GDX has speed line resistance at about 39 on Monday.
    https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=11&dy=0&id=p86014042802&a=938677308

    b
    May 14, 2021 14:12 PM

    I wonder about walking away in May.

    Matthew
    May 14, 2021 14:22 PM

    I have a feeling $CAD can hit 86 before stalling.
    https://stockcharts.com/h-sc/ui?s=%24CAD&p=D&yr=1&mn=3&dy=0&id=p56910692072&a=953217804

    b
    May 15, 2021 15:37 AM

    Personally Im sitting on my PM shares, liquidity has been too low for me to sell even if I wanted to.
    At what I would consider a reasonable price that is.

      Matthew
      May 15, 2021 15:15 PM

      It’s probably obvious that I think you should remain in your shares even after liquidity returns. This intermediate move is going to be huge even if it takes more time and doesn’t go vertical like it did in 2016.

        Canuckski
        May 15, 2021 15:53 PM

        Matthew, you must have had a good few days in the market given how pumped and active you are on the site over the last couple of days. I appreciate all your posts and wish you continued success.