Craig Hemke – Copper, Gold Stocks and Silver Stocks, What’s Going To Stop The Drop?
Craig Hemke, Founder and Editor of TF Metals Report joins me to recap the selloff in copper, gold stocks and silver stocks over the past week. Closing in on breakdown levels we outline what prices are critical and what catalysts could save a further selloff.
This interview was recorded late in the day yesterday. It’s nice to see a reprieve from all the selling to end the week today.
Here’s a chart from that time:
https://stockcharts.com/h-sc/ui?s=%24COPPER&p=D&yr=6&mn=7&dy=0&id=p01412456106&a=451232211&r=1656094214722&cmd=print
At the very bottom over 6 years ago I said: “Copper will do better than most think over the next few years.”
[One year later it was up 40% and two years later it was up 70%.]
https://stockcharts.com/h-sc/ui?s=%24COPPER&p=D&yr=6&mn=9&dy=0&id=p62712057135&a=487154642&r=1656094324673&cmd=print
SLV is down 1.6% vs SPY at the moment yet SILJ is up 1.75% vs SPY. That’s bullish for the gold sector.
SILJ:SPY…
https://stockcharts.com/h-sc/ui?s=SILJ%3ASPY&p=D&yr=1&mn=1&dy=0&id=p66363192512&a=1099398016
what is the safest leveraged play/ Coeur, AG, HL, endeavor silver?
If you mean which one is least likely to go bankrupt based only on their respective financial positions (and not geopolitical or other concerns), the safest one is probably EXK, closely followed by AG and HL. All three are in great shape. CDE is easily the riskiest but if you are very bullish silver, it could perform the best as its risk profile would benefit the most from significantly higher silver. So any negative risk premium that it currently carries would disappear.
Cash cow HL is my favorite of the four and the only one I own.
Yes and HL has weekly options.
I don’t know but that looks like “down” is over done.
PM annihilation interruption!! Riots XCROSS USA (today).
A great day for God Almighty. Trump finally convinced Kavanaugh to do the right thing. What a cush job… In robes—–
Needle on the record
NOTHING will stop the drop.
If you haven’t sold now, you will be VERY SORRY!!!!!!
CASH!!!!!!
You will need it.
Don’t forget to brush after every meal…
For those who think that vertical moves “always” get retraced and therefore expect sub-19 silver, take a look at copper in 2016:
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=5&mn=0&dy=0&id=p06034878458