Craig Hemke – What Is Driving This Breakout In Gold, Silver, And PM Stocks?

Craig Hemke, Founder and Editor of TF Metals Report, joins us for both a fundamental and technical look a the catalysts behind this recent breakout in gold to new all-time highs, and some recent moves to the upside in silver and the precious metals stocks.  It’s a nuanced discussion where we delve into messaging from Fed speakers, changes open interest on the COT reports, technical momentum, dollar weakness, and algo trading.  We also look ahead to the jobs report to come out tomorrow, and how other market sectors may react.




Click here to visit Craig’s TF Metals Report website

    Mar 07, 2024 07:33 PM

    Jerome Powell Says Fed on Track to Cut Rates This Year
    Fed chair characterizes last year’s inflation slowdown as notable and widespread

    By Nick Timiraos & Andrew Ackerman – March 6, 2024

    “Brisk inflation and hiring data in January haven’t altered the Federal Reserve’s expectation that it will be appropriate to cut interest rates later this year, but Chair Jerome Powell said officials want more evidence that inflation is slowing.”

    “Rate cuts won’t be warranted until officials have ‘gained greater confidence that inflation is moving sustainably’ toward the central bank’s 2% goal, Powell told the House Financial Services Committee on Wednesday during the start of two days of testimony on Capitol Hill.”

    Mar 08, 2024 08:52 AM


    Mar 08, 2024 08:04 AM

    OOPS……………… $2171……. gold looking good……. central banks are the buyers according to Peter S…

    Mar 08, 2024 08:54 AM

    I certainly wouldn’t call this a breakout yet… enter JX15 in your stock screener and you will see the material index inside of the TSX.v. It has moved but not much, probably only Canadian brokerages can see it.

    Mar 08, 2024 08:55 AM

    sure looks like negative divergence between gold and miners…day is young though…..gdx is at major horizontal mid oscillation resistance…so it must build some accumulation to break out…imho