Craig Hemke, founder and editor of TFMetalsReport.com, joins us for a timely macro and metals discussion on this shortened holiday trading week. With Canadian and U.S. markets seeing light volume due to national holidays, Craig outlines why this week could still bring significant volatility driven by data releases and algorithmic trading.
Key Themes Discussed:
- Gold’s Sideways Action: Craig explains why gold’s recent price consolidation mirrors the late 2023 breakout setup and how many investors may be misreading this quiet strength.
- Silver’s Quiet Strength: Silver has posted a strong quarterly close and may soon generate its own upside momentum, similar to the sharp moves seen in 2011.
- Dollar Weakness and Fed Policy: Despite a lack of immediate Fed rate cuts, the U.S. dollar is falling – Craig explains how markets may be front-running a policy shift under a possible Trump-nominated Fed chair.
- Commodity Supertrend?: From copper and platinum to silver and aluminum, industrial metals are rallying on physical supply constraints and broader reflation themes.
- Data-Driven Volatility Ahead: With the JOLTS report, manufacturing and services PMIs, and a U.S. jobs report all dropping this week, Craig warns these releases could trigger fast, algo-driven moves in the metals.
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