Craig Hemke – Has The Recent Pop Higher In Markets And Commodities Just Rolled Over Again?
Craig Hemke, Editor of TF Metals Report, joins us to discuss the recent rollover in the general markets and commodities, on the back of the CPI inflation reading today, continually shifting Fed policy expectations, and a rising US dollar and interest rates. While these macro factors are in play, it is complicated by further conflict in the Gaza Strip this week, as well as a number of technical factors on the charts. This all adds up to a difficult market for gold and silver investors to navigate, with many mixed signals. After only a few days of rallying, starting last Friday after the NFP jobs report, today was a continued drubbing for investors positioned in the precious metals stocks. We look forward to what economic data could change things up, and in particular the health, or lack thereof, in the financial sector.