Craig Hemke, Founder and Editor of TF Metals Report, joins us on Thursday as gold, silver and the PM mining stocks continued to ratchet higher, post Powell press conference and FOMC meeting on Wednesday, and on the back of several weeks of concerns regarding recent bank collapses. We discuss how quickly the Fed funds futures markets shifted from not expecting any rate cuts until 2024, to now pricing in 4 cuts by year end, with the first potentially starting as soon as June or July this summer. This dramatic and swift change in expectations is starting to mirror the years of 2010 and 2019 as Craig had forecasted may be how the year unfolds in his 2023 Macrocast in January. The discussion goes into a number of areas on central bank policy, interest rates, tracking unemployment data, and then drilling down into the PMs by looking at the COT positioning and pricing action on the charts.
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