Craig Hemke – Gold Setting Up For A Record Monthly and Quarterly Close
Craig Hemke, Founder and Editor of TF Metals Report joins us to dive into the upcoming monthly and quarterly close for gold that could be at an all time high. Outside of a significant correction tomorrow gold will close at the highest monthly and quarterly close ever.
We ask what this means for silver and the underlying gold and silver stocks which have broadly lagged the gold price. We also discuss the set up for copper where Goldman Sachs is predicting the world will run out of copper by as early as August (see the chart below).
Click here to visit Craig’s site – TF Metals Report
Slingshot NatGas Turn.
Likely Bottom.
So far, just a 38.2% bounce.
Possible short covering rally.
Awaiting confirmation.
As expected gold has broken out of its pennant but of course confirming/follow through action tomorrow is needed.
https://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=2&dy=0&id=p44906547465&a=1382601865
The likes of CDE, IPT and KTN are foreshadowing silver’s breakout.
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=3&mn=3&dy=0&id=p29596886383&a=1375215216
+3
Yes the silver stocks were really on a nice rip higher today…
On big volume too. IPT was close to a million shares and KTN was about 3.8 million. Both numbers are multiples of their respective 3 month averages.
Yep, IPT was up 20% on the day… not too shabby for a supposed “dreg” right?
IB’s last price was .365 for +21.67 percent and volume shown is 926,000 while stockcharts shows 762,000.
Either number makes it the greatest volume in 2 years.
https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=1&mn=0&dy=0&id=p45876363095
KTN finished up 20 percent but was up 25% intraday.
There was some chatter on ceo.ca that our buddy Christopher Aaron put out a buy on IPT today and that big volume was spurred on, at least in part, by many of his subscribers getting into position (although I’ve not checked with him directly to confirm that was the case). Regardless, Impact Silver had a nice day.
I was also pretty impressed by the near 19% move in GATO Gatos Silver.
USAS Amercias Gold and Silver was up over 15% (almost 16%)
GSVR Guanajuato Silver Company was up over 13%
Some nice action in the Silver producers overall on the day…
I’ve posted this quarterly silver:gold chart several times in recent months and the current candle has improved immensely lately as silver moved up 20% versus gold. Under the circumstances it could easily improve another 2 or 3 percent tomorrow, the final day of the quarter.
https://stockcharts.com/h-sc/ui?s=%24SILVER%3A%24GOLD&p=Q&yr=45&mn=0&dy=0&id=t6884805754c&a=1312511078&r=1680215521843&cmd=print
I’ve been posting this quarterly silver chart since at least last summer and we are finally “there” with not a moment to spare…
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=Q&yr=50&mn=11&dy=0&id=t2293072349c&a=714975649&r=1680216216001&cmd=print
Today was a blast. After today IPT is my largest position.
The last time I had 2 stocks up over 20% and al least 2 more up over 10% on the same day was the kick off of a silver rally to $27. Defiance, DEF and Impact up 20% and Big Ridge, BRAU and Kootenay up well over 10%.
Silver 2 year weekly
https://schrts.co/cSJpKJrb
+20
Wouldn’t it be great if we got a gold monthly close over $2,000 tomorrow. 🤞🤞🤞
+2000
FREAKY FRIDAY………….. AGAIN……………………….
SOLD 70% position in CDE @ $4.03
The time of the American Warlord may be at hand.
I decided to take a no expiry form of “option” in the uranium industry by starting a position in AAZ, Azincourt Energy… haha… at $.045 and hopefully more at $0.04 I can’t resist.
I posted this a couple days ago but had the wrong link, I thought it was a good interview…
Brenner, bond guy…
https://www.bnnbloomberg.ca/video/the-u-s-fed-has-moved-too-far-too-fast-andy-brenner~2657732
TSX.V index seems to be avoiding the gap under 600 that Matthew said wouldn’t be hit, good call…
TSX.V 6 month weekly…
Thanks Dan. It’s probably meaningful that it quietly (barely) closed above its 50 week MA for the first time in 16 months.
The daily chart looks good but is at BB and fork resistance. Today’s volume was the best since January.
https://stockcharts.com/h-sc/ui?s=%24CDNX&p=D&yr=0&mn=11&dy=0&id=p35000840236&a=1385107328
https://tinyurl.com/52euebw7
NatGas Riding The Red
Gold Bucking Blue