Craig Hemke, Founder and Editor of TF Metals Report, joins us to discuss the recent breakout in silver and PM stocks, and the continued momentum from gold’s superfecta the last trading day of March; where it put in all-time highs on the daily, weekly, monthly and quarterly charts.  Many generalists and institutional funds pay attention to the longer-duration charts, and will have noticed the breakout in gold, and that may have translated into additional buying of silver and the precious metals stocks this first week in April.

Craig points out that the macroeconomic correlations with gold and real interest rates broke down 2 years ago, but that central bank buying of gold picked up the slack.  Additionally, we note the recent strength in copper and the other commodities, and he felt that this was also putting an increased bid into silver and the silver stocks this week.  Wrapping up, Craig looks ahead to tomorrow’s job report, and in particular the importance of which way the unemployment rate trends for more potential market volatility.

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Click here to visit Craig’s site – TF Metals Report.