Craig Hemke, Founder and Editor of TF Metals Report, joins us to discuss the market implications from the geopolitical tensions in Ukraine concerning Russia’s actions. This has created a fair bit of market turbulence this week, and been an added boon to the precious metals. We discuss the fleeting nature of geopolitical market fluctuations, and reflect on just how much of the gold price movement higher is due to Ukraine, versus the bevy of other competing macroeconomic drivers of inflation, Fed policy, and the correcting general US equity markets.
Another bullish development has been the recent outperformance of gold, silver, and the PM miners compared to general equities, and we contemplate whether this may start getting noticed by generalist investors. Craig also points out that GDX and the larger producers have been gaining traction, and the significance of the Barrick earnings report and massive share buyback, as other areas that may attract some new investors to the sector.