Craig Hemke – Precious Metals Market Overview: Metals Coil, Q4 Setups & Seasonality
In this KE Report Daily Editorial, we chat with Craig Hemke, Founder and Editor of TF Metals Report Markets as markets are quiet and metals are range-bound. Craig explains why this “dog-days” lull could set up a strong year-end. We discuss seasonal trends, Q4 price strength, and what catalysts may kick-start the next move higher.
Interview Highlights:
- Quiet Markets:
Trading feels like a late-summer pause as most sectors drift sideways. - Q4 Price Advantage:
Gold and silver prices remain well above Q3 levels, locking in stronger margins for producers. - Investor Hesitation:
Many traders expect a pullback, leaving room for surprise when sentiment shifts. - Selective Stock Picking:
If metals hold steady, focus turns to free cash flow, dividends, and takeover potential. - Year-End Watch:
Few tax-loss pressures this year; attention now shifts to the December Fed meeting and late-quarter data.
Click here to visit Craig’s website – TF Metals Report
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Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
Much appreciated 4 oz. Yes, it’s always nice getting Craigs perspectives, his outlook on the metals, and the key macroeconomic news on his radar that he feels may move the needle for the markets.
I want to believe “next yer” is the year for commodities. This year was the year, and last year, and the year before…
Corporations don’t want to pay a fair price to do business. CEO’s don’t want the gravy train to stop. Transfer of wealth through the US Treasury has reached “peak” corruption… similar to peak oil, etc.
No … now is the time for fair pricing and not intervention. That puts a lot of pressure on the System to reestablish the Law. How soon can it be done … Watch this space.
I’d say this year was a very bullish year for the gold and silver stocks, and for periods of times the uranium, rare earths, antimony, tungsten, and other critical minerals stocks. It was even a pretty solid year for the senior copper producers.
Regardless, here are some expectations coming out for gold next year.
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Gold Prices Set to Top $5000 by 2026 JPMorgan Analysis
Muflih Hidayat – November 11, 2025
“Major financial institutions are converging on exceptionally bullish gold price forecasts, with J.P. Morgan Private Bank projecting gold prices topping $5000 by 2026 to reach as high as $5,200-$5,300. This represents a potential 25% increase from current trading levels around $4,114 per ounce as of November 2025.”
“The precious metal has already demonstrated extraordinary momentum, surging more than 50% year-to-date and reaching record highs above $4,380 in October 2025 before experiencing a modest 6% correction. Goldman Sachs Group maintains a similarly optimistic outlook, forecasting gold to reach $4,900 by the final quarter of 2026.”
https://discoveryalert.com.au/gold-price-prediction-framework-2025-forecast-drivers/
Interview with Kjirstin Brueure: The Power of Graphene! This interview came out yesterday! DT 😊
https://businessfocusmagazine.com/2025/11/17/interview-with-kjirstin-brueure-the-power-of-graphene/
People must be wondering how long it will take the Chinese to figure it out and drive the price to zero.
HGRAF is getting whacked and broken support and probably heading lower for awhile. It’s not helping that the general market is also under pressure and may be for a period of time. I’m looking forward to purchasing HGRAF again in the future at lower levels.
HGRAF closed yesterday below the 40 day MA for the first time in over 4 months. Based on the chart, it looks a bit earlier to be buying the dip…
https://schrts.co/uhRGbrHs
Weekly
https://schrts.co/ITmfcwIh
I agree that it’s too”early”.
Got some HGRAF near lows.
Sell the CEO. Buy the Dump! 😊
Silver 4 hour… with a pitch fork.
Craig is as sharp as they come; Looking forward to his upcoming “What will 2026 Bring Us” around New Years Day. Thanks for having him on!