Craig Hemke – Is This The Pause Before The Storm Or The Pause Before The Party?
Craig Hemke, Founder and Editor of TF Metals Report, joins us to reflect on the recent Fed meeting and press conference, and how that relates to the precious metals sector and general equities. One of the questions posed is if the coming conclusion in central banks monetary tightening cycle, where they wait to see what effects it will have, will end up being the pause before the storm and further weakening economic picture, or if it will be the pause before the party of risk-on speculative buying frenzy in the markets?
Craig points out that regardless of how it plays out, it will be key for investors to ignore some of the short-term micro noise, and instead focus on the longer term macroeconomic data and trends. He still feels the odds are the first half of the year will remain choppy, but that the latter half of the year may be similar to 2010 or 2019 where the Fed is eventually forced to start cutting again due to weakened economic conditions. His advice is to hold through any volatility in the near-term, expecting a more positive advance in gold, silver, and the PM mining stocks in the second half of the year.