Craig Hemke – Pushing Back On The Omnipotence Of The Fed’s Economic Messaging

Craig Hemke, Founder and Editor of TF Metals Report, joins us to break down market reactions to some of the recent “better-than-expected” macroeconomic data points,  and how this has continually moved the target of the Fed policy expectations.  We take into account that there has been recent strength in the general US equities and improving market breadth, due to more speculative interest pouring into the markets on the “soft landing” narrative.   This has been a distraction away from investor interest in safe havens, as we’ve seen gold, silver, and the precious metals mining stocks continue to correct lower.


Craig goes on to remind listeners that we’ve seen this pattern of excessive jubilation before in general equities and the cryptos when investors believe the all-clear signal has been given; only to see the trends reverse sharply when the next economic dislocation presents itself. We discuss the ongoing number of instances where the Fed’s messaging, seen as omnipotent by mainstream financial media outlets, often is 180 degrees off-base in just a short time afterwards, where things end up developing in exactly the opposite way. Craig is watching to see where the PCE inflation data comes in tomorrow, and more importantly, where the jobs report numbers come in next Friday.




Click here to visit Craig’s site- TF Metals Report.

    Jun 29, 2023 29:34 PM

    It is interesting (and a bit surprising) that CBS recently posted this piece targeting new investors in gold bullion and gold stocks. I thought that what generalist investors wanted were more tech stocks and AI stocks?


    Gold Bars, Coins And Stocks: Which is the best investment?

    By Kendall Little – CBS Moneywatch – June 28, 2023

    Jun 29, 2023 29:40 PM

    Lawrence Lepard – Triggers For A Gold & Silver Rally

    Soar Financially w/ Kai Hoffman – June 28, 2023

    “Investment Manager Lawrence Lepard joins us to discuss the potential triggers for a gold & silver rally in the coming months. We are looking at the US Bond quagmire and how it might be the canary in the coal mine. ”

      Jun 29, 2023 29:42 PM

      Rick Rule : Gold – I Hope The Price Does Not Go Up

      Soar Financially w/ Kai Hoffman – June 27, 2023

      “Legendary Mining Investor Rick Rule joins us to discuss the state of the economy and how it affects gold and silver prices. He makes some interesting statements about the fact and his personal hopes and feelings toward gold and the underlying price.”

    Jun 29, 2023 29:45 PM

    Fund Manager Ronald-Peter Stoeferle: “We Can Hit Gold $2300 in The Next 12 months”

    Mining Stock Education w/ Brian Leni – June 28, 2023

    “Fund Manager and Co-Author of the In Gold We Trust report Ronald Stoeferle believes the gold price will reach all-time highs, in USD terms, in the next 12 months. Stoeferle discusses a number of topics from the 2023 edition of the IGWT report. These topics include: where interest rates are headed, why Japan hasn’t seen much inflation despite high levels of QE, 2022 gold consumption and much more.”

    0:00 Introduction
    0:44 Threat of further interest rate hikes in 2023 is merely verbal posturing or is it a real threat?
    3:31 Breaking point between rising interest rates to quell inflation and government spending?
    6:35 Crack up Boom scenario?
    8:30 Is gold exceeding price expectations today?
    10:33 If monetary inflation equals inflation, why has it taken decades for Japan to see it?
    13:52 Gold consumption in 2022 – prelude to gold backed BRIC currency?
    20:12 Does the petro-Yuan’s convertibility into gold have an effect on price?
    22:50 East versus West is it really U.S. versus China?
    27:41 What does it mean to have a gold backed currency in the future?
    30:11 What will be the factor that brings CBDCs into use?
    32:14 Why is a US CBDC a threat to the current USD system?
    35:02 Where is the gold price headed?

    Jun 29, 2023 29:49 PM

    Gold Co.’s Stock Set to Break Out, Analyst Says

    Streetwise Reports (6/28/23)

    “Lion One Metals Ltd. (LIO) (LOMLF) announced the construction of its mine at its 100%-owned Tuvatu alkaline gold project in Fiji is 75% complete. The company said the project is fully funded on track for delivery of the first gold in the fourth quarter of this year.”

    “Technical Analyst Clive Maund of has noted that a restraining influence over the past year on the stock was that a fund had 11 to 12 million shares but has now sold them all.”

    Jun 29, 2023 29:02 PM

    (VZLA) Vizsla Silver: A Rising Star in the Stock Market

    by Yasmim Mendonça – Best Stocks – June 27, 2023

    “Like any successful enterprise, Vizsla Silver has seen its fair share of ups and downs over the past year. Its 12-month low of $0.91 may have left some investors feeling hesitant, but its corresponding high of $1.65 more than made up for any initial doubts. With a current market capitalization of $210.42 million, Vizsla Silver has proven its worth in the competitive arena that is Wall Street…”

    “With its 50-day moving average currently sitting at $1.31 and its 200-day moving average at $1.30, Vizsla Silver is certainly trending up — and analysts are taking notice as well. Alliance Global Partners recently assumed coverage on shares of Vizsla Silver with high praise for the company’s potential; they issued a “buy” rating alongside an impressive target price of $3.25 on the stock.”

      Jun 29, 2023 29:49 PM

      Vizsla Silver is currently trading at $1.18 U.S. for it to reach $3.25 I assume that is U.S. which would make it almost a triple although they didn’t seem to give a time frame, I would assume they mean one year. That would be an excellent return.

      On the other hand I would rather place my money with Santacruz Silver, for upside percentage potential. I see Santacruz Silver beating Vizsla hands down within the same time frame if I had to pick one over the other. DT

        Jun 30, 2023 30:36 AM

        I wouldn’t want to be without Vizsla or Santacruz in my portfolio for torque to the Silver prices, as both companies have different value drivers – VZLA more on exploration success and SCZ more on operational growth and production efficiencies.

        They are 2 of my highest weighted silver positions (and 2 of my higher weighted overall portfolio positions), and thankfully one doesn’t have to chose between just one or the other. Why not just own both?

        Ever upward.

    Jun 29, 2023 29:41 PM
    See article on Death of a Board Member.
    Don’t let your kids grow-up to be Cowboys… or software tech guys on Wall Street.

    Jun 29, 2023 29:31 PM
    Jun 30, 2023 30:54 AM

    Top 3 Reasons Junior Miners Have Tanked

    Jordan Roy-Byrne – The Daily Gold – 06/28/2023

    “Volume in junior Miners and junior exploration companies is now at a 20-year low. Share prices have plunged. Here are the causes:”

    – First, metals prices across the board are down significantly. Silver is 25% off its high while industrial metals and energy commodities are 35% and 45% off their highs respectively.

    – Second, and this impacts everything outside of precious metals, the Fed has tightened extensively and there are major concerns about a recession and current demand.

    – Finally, the costs of production have increased dramatically over the last few years.

    0:00 Intro
    0:30 Volume @ 20-year low
    4:20 Top 3 Reasons
    6:55 Gold AISC Up 45%

    Jun 30, 2023 30:59 AM

    John Feneck – Ignore AI Stocks and Look to Gold & Silver as Financial Crisis Rages

    Jun 23, 2023

    “Founder of Feneck Consulting John Feneck sees investors piling into overvalued AI stocks in the face of a serious financial crisis as reckless at best, and he points to gold and silver as better places to be looking for opportunity. John gives his thoughts on why central banks keep accumulating gold, silver’s growing role as an industrial metal, the Fed’s next moves, and much more.”

    00:00 Introduction
    00:27 Fed’s Hawkish Pause
    02:52 Central Banks Keep Buying Gold
    05:51 Silver Has Turned the Corner
    09:58 Outlook for Uranium
    12:01 Overvalued AI and Tech Stocks
    15:17 Where Does John See Opportunity?
    22:35 Market Risks

    Jun 30, 2023 30:37 AM

    June 30…………….. FREAKY FRIDAY AGAIN…………………
    July 4 us upon us………….

      Jun 30, 2023 30:08 AM

      Also sort of freaky end of month and end of quarter as money transferers are in the Hamptons Monday for the 4th where they get stoned as Craig projected. I got a bag of Cheetos for the first couple of hours plus a can of anchovies to throw at the big screen for the CNBS Show for a few hours after open until London closes

      Jun 30, 2023 30:35 AM

      FFA, FFA, FFA, whatever happened to HAGWM, Have A Good Weekend Matey! DT

      Jun 30, 2023 30:54 AM

      Got to get through FFA,…. to have a GW…… Matey…. 🙂

    Jun 30, 2023 30:55 AM

    FFA……….. Biden has to come up with something today……..
    the country is so screwed….. and Powell is a nut job……

    Jun 30, 2023 30:57 AM

    BTW………. when are you canadians going to control your forest fires…. the smoke is killing me… 🙂

      Jun 30, 2023 30:38 AM

      Hi Jerry, the environmentalists claim that all these forest fires that seemed to start at the same time in different locations supports their thesis for a carbon tax because of climate change. DT

        Jun 30, 2023 30:11 PM

        It seems far less likely that the climate change boogeyman (the media’s favorite narrative) suddenly lit a bunch of fires all at the same time, and far more likely that human beings were involved in such a concurrent breakout of fires all over the place. Yes, it quite “conveniently” pushes the narrative for more carbon taxes and environmental controls… Whatever the case, it will be used as fodder to further these policy initiatives and foist them upon companies and taxpaying citizens under the guise of “protecting the planet.”

        Jun 30, 2023 30:57 PM

        Hello again DT…………………… thanks for the reply……
        ONE BIG CON JOB… globalist need to be shot…
        If, they did not do chem trails,…. there would be plenty of healthy air…

      Jun 30, 2023 30:02 AM

      … when enviro crazies quit lighting them…

        Jun 30, 2023 30:31 AM

        I thought it was JPM

          Jun 30, 2023 30:14 PM

          Maybe Smokey the Bear was just out on vacation?

    Jun 30, 2023 30:59 AM

    usawatchdog and martin armstrong out with some good thoughts on the world …
    and the corrupt US CIA warmongering Neocons….

    Jun 30, 2023 30:35 AM

    30 minute/ES…volume comparable….today so far , 4 points below the 30 minute bar had 122 thousand …the top 6/16/23 on 30 minute had 219 thousand…volumes dying…that matters at counter trend trend rallies

    Jun 30, 2023 30:43 AM

    Hookers and blow in the Hamptons…

    Wait till the computers take over and the traders don’t have to work at all… the blow will take their minds away and the hookers will take their bank accounts.

      Jun 30, 2023 30:53 AM


      Craig cracks me up during many of these interviews. When he mentioned people on WallStreet checking out for this long holiday weekend to go to the Hamptons and pursue their high-life vices I was chuckling on mute with the mental images he was painting. We never know where he is going to take things in his rants. 😆

        Jun 30, 2023 30:34 AM

        What if all of it is true and none us were invited…

          Jun 30, 2023 30:05 PM

          Haha! Good point.

          I was thinking cooking out in the backyard with a few craft beers and heading to the beach to relax was a nice way to spend the holiday weekend… but hey, different strokes for different folks…

    Jun 30, 2023 30:24 PM
    Jun 30, 2023 30:20 PM
    Jun 30, 2023 30:58 PM

    Big week. Wrote the White House, Supreme Court and various notable people wanting funds. If anything happens … it will be because of Central Banking. Common theme, I know.

      Jun 30, 2023 30:59 PM

      SCOTUS…………… put the BIG HAMMER ON THE LGQxyz…… 6 to 3(perverts in opposition)