Summary:
If you want expert insight on the precious metals and economic factors that influence this market, you won’t want to miss this episode. I sit down and chat with Craig Hemke about recent happenings, in which gold and silver broke the same number last week and are on the upward trend. There is a market inefficiency developing within gold, and this has to do with people buying into the idea of ‘transitory’ inflation.
Highlights:
-On the same day last week, gold and silver broke the same number and have been headed up ever since
-The bank created 30,000 contracts and added them to the existing contracts, which diluted the flow
-There is a market inefficiency developing within gold
-This is due to market participants believing the transitory claims
-When copper started taking off, this was the first hint that inflation wasn’t transitory
-Gold is a global thing and is influenced by so many factors, so you have to keep your eye out for them
-Even natgas is heavily influenced by geopolitics
-Most of the people alive today don’t know what inflation really is—specifically the inflationary times of the 70s
-So many countries have had hyper-inflation over the last 50 years, but a lot of Americans don’t understand that inflation never really left us
-Inflation is going to stay and get a lot worse before it gets better
Useful Links:
Financial Survival Network
TF Metals Report
Miles Franklin
