Craig Hemke – Gold Close To All-Time; Is The General Investor Starting To Wake Up?
Craig Hemke, Founder and Editor of TF Metals Report joins us to discuss the moves in gold, approaching all time highs. As gold gets a bit more media attention we ask if gold will finally move away from being just a old person investment.
On the stock side Craig shares his thoughts on why the PM stocks are so far off of their respective highs. He has some good thoughts on how the market and investor has changed for PM stocks.
Click here to visit TF Metals Report and follow along with Craig’s commentary.
In reality, many gold producers are making bank revenues right now in just the $1900-$2000 range, but yes, many investors will be blown away at the upside leverage the gold producer will have and the fat margins they’ll demonstrate all the way up from $2000 to $3000 in the metals price appreciation.
Based on the cup & handle pattern that Dave Erfle and Jordan Roy-Byrne outlined this week, then a measured projected move out of that pattern could have gold at $3000+ by 2024-2025.
People positioned correctly in this sector could see some phenomenal gains in a sector move like that.
Also, a move like that in gold would really spike the punchbowl for silver and silver stocks in sympathy.
It’s going to be fascinating to see how it all plays out over the next 24 months.
Mental liquidity. I came across this piece of blog and thought I’d share.
Fixed price is possible as currency chaos increases. Well run Gold producers would show spectacular returns at $3000.