Craig Hemke – Gold, Silver and Stocks Running Higher, Fed Rate Cuts Priced In, CoT Reports Show Surge In Open Interest
Craig Hemke, Editor of TF Metals Report joins us to recap the moves in gold, silver and the underlying stocks last week. He also updated us on the surge in open interest seen on last week’s Commitment of Traders (CoT) Report.
We discuss the catalyst behind these movements, focusing on inflation data and market expectations of a Fed rate cut. Craig analyzes weekly trading patterns, rate cut expectations, and the effects on gold and silver prices. Also looking to the CoT reports Craig looks back to earlier in the year when open interest increased and what followed in terms of metal price moves.
First Nordic had a halt today which resulted in Agnico Eagle moving from less than 1% stock ownership to 13.3%. Show of confidence I would think.
https://www.tradingview.com/x/8dfUtdCm/
NatGas : Significant Uptrend.
Possible Bottom!
Added some to Cerro De Pasco today. Had to do it on the OTC as IBKR would not trade it in CAD.
Here is why: Go to ceo.ca Cerro De Pasco and go to the most recent SEDI postings on the blog. See the “activity” by Ontario Ltd, Eric Sprott, Guy Goulet, and Alpha Capital Anstalt and see if you think that is some interesting activity.
(There is also an article posted about some suspect activity of Alpha which may have led to its liquidation and Sprotts entry through his own account and Ontario. Very interesting anyway.)
Menendez goes down … that’s a start
A start, maybe, but like Sleepy Joe and Ms. Cheadle, not going down without a fight.
https://www.tradingview.com/x/BiiEPJNS/
Intermediate Downtrend for Silver
Failure to Breach 78.6%
Rally …Rally!
(I have done my part)