Jan 3, 2022
Gold and the rest of the precious metals have been fluctuating sporadically over the last few weeks. What do commodities tell us about the year ahead? Here to talk about this is Craig Hemke from TFMetals, and he emphasizes that the metals in particular allude to the intensified price controls we should expect in the future amongst other economic risks. For more information on what’s to come, be sure to tune in to this episode.
-What’s coming for gold in 2022?
-As we exited last week, the daily chart looked pretty good with the shares and the metals were moving up
-This did not carry into this week, and gold has continued to drop and bounce back up a bit
-We already have stealth price controls going on with commodities
-The metals have been the analog for how prices are going to be controlled in the future
-The credit impulse levels have pulled back
-On a long-term historical basis, agricultural commodities have been breaking out
-Food price inflation has also been quite noticeable
-We’re seeing real negative interest rates
-China has bought up more than half the world’s food supply in preparation for harder days ahead