Craig Hemke – Gold and Silver CoT Update, Correlation of Gold and GDX To Markets
Craig Hemke, Editor of TF Metals Report joins me to recap the Commitment of Traders Report (CoT) for gold and silver and the recent performance of gold and GDX to the markets.
We begin with a discussion on the Commitment of Traders (COT) reports as Craig explains the historical trends in hedge fund positions, highlighting their current short position. We also discuss volumes in ETFs, GLD and SLV and their correlation with underlying spot prices. Craig shares insights on why silver is underperforming compared to gold, attributing it to factors such as low speculative short positions and the industrial component affecting demand.
Craig then highlights seasonal trends, noting that August has historically been a strong month for gold. We wrap up with a forward-looking perspective on what to expect in the coming months, considering economic indicators, potential rate cuts, inflation, and geopolitical factors that could influence the precious metals market.
Scary China #16 383,935 acres
https://www.tradingview.com/x/oc8Z2mNR/
Silver Chart : July 11th Top
New To TradingView
https://www.tradingview.com/x/KbKZafqC/
Silver Chart : Current
Fractal?
1. Canada
> Total U.S. land area owned: 12.8 million acres
2. Netherlands
> Total U.S. land area owned: 4.9 million acres
3. Italy
> Total U.S. land area owned: 2.7 million acres
4. United Kingdom
> Total U.S. land area owned: 2.5 million acres
5. Germany
> Total U.S. land area owned: 2.3 million acres
6. Portugal
> Total U.S. land area owned: 1.5 million acres
7. France
> Total U.S. land area owned: 1.3 million acres
8. Denmark
> Total U.S. land area owned: 856,474 acres
9. Luxembourg
> Total U.S. land area owned: 802,249 acres
10. Ireland
> Total U.S. land area owned: 759,732 acres
11. Mexico
> Total U.S. land area owned: 693,971 acres
12. Switzerland
> Total U.S. land area owned: 690,069 acres
13. Sweden
> Total U.S. land area owned: 688,801 acres
14. Cayman Islands
> Total U.S. land area owned: 672,476 acres
15. Japan
> Total U.S. land area owned: 636,258 acres
Scary China #16 383,935 acres
Scary Bill Gates 270,000 acres
The Emmerson Family 2,411,000 acres
John Malone 2,200,000 acres
Ted Turner 2,000,000+ acres
Stan Kroenke 1,700,000+ acres
Thanks for the info, sf! DT
Nat Gas ready to fly? It sure is compelling…
We had snowflakes in Calgary this morning… must have spooked some people into locking in some futures in Nat. ga$, haha! Maybe a ride up to that $2.30 level is at hand… IMHO only of course.
BTW, I use no leverage myself.
I use leverage as far as ETFs are concerned.
… if you are leveraged you can make a whole bunch on the up side but lose it all on the down side of beta up or down scenarios. If the Nat gas market goes up, I make a bunch anyways.
The American public is sleeping at the switch. They don’t understand how The Bric’s are controlling the price of commodities soft and hard. “RO JERRY”! The West is up to its Ying Yang in debt. The East is controlling the resource markets through The Shanghai Metal Exchange. I wonder how much U.S. Agricultural land The Chinese have bought.
The silver shorts in The Comex paper market are on their knees because soon we will see what they know, just like The Fed they are in a groooooooooooove and trapped. India is now buying huge quantities of silver 100’s and 100’s of millions of ounces. If you aren’t with the physical market by now you will be handed your head on a silver platter! LOL! DT😜