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/
Yes …a very good year for the miners. It is this correction thing I have had enough of in view of the token corrections in the General Markets and the horse they rode in on. But … looks like the miners are signaling they are ready to finish the year despite the rude treatment of the last couple of weeks. Onward and upward the rest of this year. Next year may be better.
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.
Today we fought “The Battle Of The Bulge” in HydroGraph. The shorts have been attacking us for the last three days. I drew a line in the sand at $2.52 CDN and sent General George S Patton in at $2.55. Do you know why Patton (Old Blood and Guts) was so successful he wouldn’t let his troops build foxholes or trenches. There isn’t time to slow The Third Army down with defensive maneuvers. You either ran over the enemy or you died. The alternative for Patton didn’t exist he didn’t see anything but victory.
Did you notice how all the other posters that wanted in HydroGraph and missed the early run were chomping at the bit like “rabid dogs” wanting to buy in at these prices. Don’t wait too long or you will lose the war.
If YOU SNOOZE YOU LOSE! DT 🤣🤣🤣
HydroGraph just went back into the green!!!!!!!!!!!! LOL! Just wait for the news on the military contract. This is not the kind of stock you want to trade for pennies, if you do you will miss “The Big Move AGAIN”. As always DYODD! DT 😊
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”.
I bought @1.08 and never sold. How low do you expect it to go? I’d like some more.
B: Analysis coming later today, after the close. BDC
Got some HGRAF near lows.
Sell the CEO. Buy the Dump! 😊
Sold resistance. Small gain.
Watching markets.
Bought back. Small to hold.
Silver 4 hour… with a pitch fork.
Wanted to add to Magna and Northisle, but actually added some District and Emo.
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!