Craig Hemke – Parsing Inflation Data, Gold Technical Outlook, Gold Stocks Underperform, And Silver
Craig Hemke, Founder and Editor of TF Metals Report, joins us for a wide-ranging discussing, starting out parsing the recent inflation data and market response. We contrast the US equity markets performance against interest rates and the dollar, and discuss if there has been a change in the “one universal chart” correlations that we’ve seen playing out the last few years. Next Craig provides his technical outlook on the gold price, in lieu of all the factors that should have been working against the monetary metal, and yet the continued underperformance of the gold stocks. We wrap up taking a look a silver still being stuck in a trading range, and what may break it out.
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Dumb Money Almost Back To Even, Making The Same Mistakes
BY TYLER DURDEN
FRIDAY, MAR 01, 2024 – 08:45 AM
After over two years, retail investors, also known as the “dumb money,” are almost back to breakeven. A recent chart by Vanda Research shows that the average retail “dumb money” investor portfolio still sports a drawdown despite the markets making new all-time highs.
article at zerohedge
From 321…………Bobby M….. History…. Apr 25, 2011
this was pulled from an old article… within a new article just posted
It doesn’t matter how many people claim the ratio of silver to gold is 16-1, it simply isn’t true.
3. There is no shortage of silver. There never has been a shortage of silver. Until the laws of supply and demand are repealed, there never will be a shortage of silver.
My question is, “If you were smart enough to buy 100 ounces of silver at $4 an ounce, a 5000-year low in real terms, how much profit have you made if silver goes to $50 or $100 or $300 and you never, never, ever sell? The answer, of course, and ignored by all the silver “GURUS” is that if you buy low and don’t sell ever, you don’t make any profit. That may be the dumbest investment advice I have ever heard.
Silver is a commodity like any other. If you are smart enough to buy it cheap and you are smart enough to sell it when it gets expensive, you will profit. If you want to buy at all time highs, good luck with that.
Newmont shares got sold because they could.
In the past six weeks as Bitcon soared higher, over four billion dollars of new money flowed into the speculation. The money had to come from somewhere. It came from gold and silver ETFs and it plunged out of resource funds at a historic rate. While four billion shot into Bitcon, two billion came out of gold and silver ETFs.
So, a lot of money left the tiny world of gold and silver stocks to enter the far bigger speculation we call Bitcon. But there was another giant factor pretty much ignored by everyone.
According to Jim Rogers all parabolic moves end badly.
Nvidia reported earnings last week and the shares continued their rocket launch.
What I said in my piece from April 25th of 2011 is just as true today. All parabolic moves end badly. Nvidia shares are about to crash.
All those weak hands who were eager to see if they could sell at the very bottom of the gold/silver resource cycle are going to regret being part of the thundering herd.
The article was posted………………. Feb 27, 2024 at 321 gold…….
ENJOY THE RIDE……………
Western Canadian oil to start TMX line fill by April 1st, do you own any oil stocks based in the Canadian prairies? Just sayin’
Baytex as an example that isn’t overbought.
HNU, Nat Gas Beta Up…
BTW… I own both.
Gap on weekly ISVLF chart was quietly filled this morning.
I’ve been buying EXK lately including today.
Daily:
https://schrts.co/DdXcamAK
EXK weekly:
https://schrts.co/XWibSSYH
I’m thrilled that I was wrong on the TSX.v…
Me too!
https://schrts.co/aJeeMpsu
Love the weekly:
https://schrts.co/RMjdBWDD
That is a good looking chart. Kooteney Looks like it might be ready for its next leg higher. Time will tell if this is a breakout or fakeout, but I am betting on the former.
Kootenay does look good…
https://schrts.co/KHvnVGAZ
I smell more than a breakout and it is in Cartier Silver, I have been busy buying the last few days. LOL! DT
EXK vs SLV…
https://schrts.co/PqmcreBj
GDX looks to have bottomed….I need to see the dollar break last weeks low….This has been really tough…tough…I will sleep all day tomorrow….
Not sure if any of you find folks seen my post literally hours before the breakout in gold.
I will answer to dt’s post in regards to even if gold goes up the silver miners will be the place to be short term! 100% although majority of the gold miners will do well themselves.
This move yesterday and today was expected in my charts and calculations. I know some are fearful to bluntly say it but the bottom in gold is in. We have 3/4 months of upside here before a good correction. My numbers are in for that figure.
Also note that Gary savage still as of today or yesterday was hesitant and needing some parameters to be met.
I also think Chris Verm is going to be mistaken big time with his recent calls. He thinks we are in a similar style 2007 chart for gold. Not the case imho. He is and so many are traumatized by the 2008 drop in the miners they think it will happen again. I don’t see personally a crazy drop whatsoever in the near term. The only major drop if you want to call it will be a possible retest of the $2075/$2150 breakout. We will come back at a later date to this post. Good luck to all
Glen
FREAKY FRIDAY AGAIN………………………