Monday May 20, 2024

Craig Hemke –  Silver Breaks Out, Gold and Copper Keep Rallying, And Precious Metals Stocks Surge

Craig Hemke, Editor of TF Metals Report, joins us to review the breakout in silver, while both gold and copper continue rallying, and the further surge in precious metals stocks.  The metals even larger commodities sector is in a bullish posture with many component sectors and ETFs making new 52 week highs and some charts even making new all-time highs.  This has all happened in the backdrop of a strong US equities markets, and where the Fed hasn’t even begun to cut rates yet.  If the equities were to slow down their pace, and some funds rotated over the resource stocks for more momentum, then we could really see some more sustained moves higher when the Fed starts actually cutting rates.  The last few months have been quite constructive in this sector, and it looks like this move could have some legs to keep running.

 

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

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