Episode
Craig Hemke – Technical and Fundamental Outlook For Gold, Silver, and PM Equities After The Market Bloodbath Last Friday
- Podcast
- The KE Report
- Published
- Jun 8, 2026
- Duration seconds
- 1040
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Summary
Craig Hemke, founder and editor of the TF Metals Report, joins me to reflect on the technical outlook and fundamental factors fueling the longer-term precious metals bull market, after the market bloodbath and strong corrective move to end last week in gold, silver, and the precious metals equities. He breaks down what aspects have be pressuring the precious metals complex over the last few months, culminating the extreme selling we saw at the end of last week; and what this all means for shorter-duration traders versus longer-term buy-and-hold macro-investors as we look ahead. Key Discussion Points: The Aftermath Of Fridays Chart Damage: Gold, (GDX), (GDXJ), (SIL), and (SILJ) all saw pricing on their charts pierce down through the 200-day moving average support to end last week on June 5th. Silver went down and tagged the 200-day, but then dropped below it today in Monday’s trading session on June 8th; before closing back above it again. (GDX) Testing The 200-day SMA In Mid-May Was The Early Warning Signal: Craig mentioned that Gold and the other precious metals ETFs losing their 200-day moving average support levels over the last few trading sessions shouldn’t have been a surprise; because the GDX already dipped below this level a couple of weeks back. He told his subscribers that this was likely coming for gold and silver next, and that is what we’ve seen play out. Jobs, Inflation, and Manufacturing Data Could Be Setting Up Rate Hikes: While the markets spent the last year convinced we’d see a series of further rate cuts from the Fed and other central banks, the economic data has turned that narrative on its head and now the Fed funds futures markets are not anticipating any cuts, but rather rate hikes by year end. Central Bank Buying Remains The Prime Mover For Gol…