Craig Hemke – Gold All-Time High Monthly and Quarterly Closes, Gold Market Analysis
Craig Hemke, Editor of TF Metals Report joins us to focus on record-high prices for gold and significant gains in silver. Craig elaborates on the impact of these trends on precious metal stocks and addresses the role of high-frequency trading algorithms. We also explore the underperformance of mining shares despite strong metal prices and consider the potential for future demand driven by institutional investors and economic data.
European auto stocks lost 4% today or $10 billion (Stellantis, Volkswagen, and Aston), due to slowing demand and Chinese competition. That would have crashed the stock market in 1929 but today Nvidia can lose that in a heartbeat. European industry (Germany) is under siege from high energy prices due to the destruction of Nord stream 1&2. Germany has lost 69% of their industrial production so in Europe that maybe more than a mouse trap. DT
Prices of all the models have exceeded the working man’s pocket book….
the only ones buying are the retarded ones who have not figured out
they are buying a depreciating piece of (in most cases) crap….
or are trying to impress the next door neighbor, … who hates them anyway… 🙂
All the machines look like Sonic the Hedge Hog….. 🙂
Markets tend to crash in the fall tomorrow is the start of crash month! WHOOOOOOOHAAAAAAAAAAAA! DT
The algorithms look at the price of precious metals before the market opens and if the physical prices are down, they sell, and the opposite of course is true. Right now, the blob is in control. The real horror is the destruction of the individual, the dissipation of the emotions that distinguish men from machines. You have to wonder as time goes on it will it be more of a challenge to live like being in the path of Hurricane Helene and having your world destroyed. DT