Craig Hemke –Geopolitics From Ukraine And Macroeconomic Drivers Boost the Precious Metals Sector This Week
Craig Hemke, Founder and Editor of TF Metals Report, joins us to discuss the market implications from the geopolitical tensions in Ukraine concerning Russia’s actions. This has created a fair bit of market turbulence this week, and been an added boon to the precious metals. We discuss the fleeting nature of geopolitical market fluctuations, and reflect on just how much of the gold price movement higher is due to Ukraine, versus the bevy of other competing macroeconomic drivers of inflation, Fed policy, and the correcting general US equity markets.
Another bullish development has been the recent outperformance of gold, silver, and the PM miners compared to general equities, and we contemplate whether this may start getting noticed by generalist investors. Craig also points out that GDX and the larger producers have been gaining traction, and the significance of the Barrick earnings report and massive share buyback, as other areas that may attract some new investors to the sector.
Since the flash crash in (CDE) Coeur Mining was referenced a number of times all over mining stock forums earlier today, it may be of interest to some to see the transcript of the earnings call from this afternoon which clarified a number of areas and provides a larger scope than just the myopic market game of “hit the estimate number.”
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Coeur Mining, Inc. (CDE) CEO Mitchell Krebs on Q4 2021 Results – Earnings Call Transcript
Feb. 17, 2022 – Seeking Alpha
(VZLA) Vizsla Silver Reports High Metallurgical Test Recoveries For Napoleon: 93% Silver And 90% Gold
Feb. 17, 2022
(BRC) Blackrock Silver Steps Out 350 Metres; Announces Multiple High Grade Drill Intercepts at Tonopah West
Feb. 17, 2022
(MMG) Metallic Minerals Intersects 3.05 meters of 1,151 g/t Silver Equivalent within Newly Identified Bulk Tonnage Intercepts at Central Keno Area of Keno Silver Project in Yukon, Canada
Feb. 17, 2022
(HL) Hecla Mining Reports 2nd Highest Silver Reserves in Company History
Feb. 17, 2022
Earnings news, I believe next week on HL likely more consequential than reserves news by its price action with this rally. Hopefully not a precursor to what happened with CDE.
Ex, the abysmal vzla perfomance since Nov high difficult to understand. In particular with this most recent pop in gold, in spite of receiving more than its share of positive news including your post. Although well above ( a double) its annual low, the share pice refuses to budge with recent metal prices. Any thoughts on this one?
The One-Two Punch Of Inflation And Russia-Ukraine Tensions Move Gold Above $1900
Gary Wagner -Thursday February 17, 2022
“Since January 31 gold has methodically moved to higher pricing gaining just over $100 per ounce in just over two weeks. On January 31 gold opened at approximately $1792. Gold has gained value during 12 of the last 14 trading days. Gold has increased its value by 6.02% since January 31. If this trend continues it will be a180° reversal from the price decline that occurred in 2021.”
‘Few places to hide’: investors seek shelter as stocks, bonds fall together
Reuters – Thursday February 17, 2022
“Lockstep declines in bonds and stocks are sending investors into defensive products such as credit swaps, convertibles and even cash as they seek refuge from the market’s recent gyrations.”
“BlackRock Inc’s (BLK.N) iShares iBoxx $ Investment Grade Corporate Bond ETF has fallen by nearly 7% year-to-date to its lowest level since April 2020, as expectations of higher interest rates and persistent inflation dim the allure of bonds across the fixed-income spectrum.”
Soaring Rents Eat Americans’ Wage Increases – And Then Some
John Rubino – Feb. 18, 2022
– Phoenix rents soared 25.3%, followed by Tampa, Miami, Orlando, Las Vegas, and Austin, all of which exceeded 20%.
– Rents do tend to rise a bit each year, with 3%-4% being typical. So how did 3% become 20%+ in so many markets?
– Private equity firms have taken to swooping in and buying entire neighborhoods at above-market prices, then converting the houses to rentals at inflated rates.
https://seekingalpha.com/article/4488279-soaring-rents-eat-americans-wage-increases-and-then-some
Freaky Friday…………. again………. while you sleep gold goes over $1900 usd……..
Basil lll , collecting for a rainy day fund………. Nothing to see here, says London Fixers…..
Have a Great Week End………….. 🙂
🙂
Another alternative investment?…I think so…It will pop hard once the war drama is resolved…I think so…imho
weekly russia index looks like a buy in a few weeks…3/9/20 gap needs to be tested and rejected w volume drying up….if it rallies before the targets hit i will not care…lmao
Is It ‘Monetization’ Yet, Dr. Bernanke?
Jesse Felder – The Felder Report – February 16, 2022
Eleven years ago, shortly after the onset of QE 2, Ben Bernanke gave us his definition for “monetization” of the debt, telling Congress (hat tip, Grant’s):
“Monetization would require a permanent increase in the money supply to pay the government’s bills through money creation. What we’re doing here is a temporary measure which will be reversed, so that at the end of this process, the money supply will be normalized, the Fed’s balance sheet will be normalized and there will be no permanent increase, either in money outstanding or in the Fed’s balance sheet.”
“At the time, The Fed’s balance sheet was approaching $2.5 trillion. Today, it stands at nearly $9 trillion, more than triple the figure from a decade ago.”
https://thefelderreport.com/2022/02/16/is-it-monetization-yet-dr-bernanke/