# Craig Hemke – Unusual Intra-day Swings In Gold and Silver Since Last Week In This Post-war and Post-Fed Meeting Environment

Page: https://stenobird.com/podcast/the-ke-report-5642261/craig-hemke-unusual-intra-day-swings-in-gold-and-silver-since-last-week-in-this-post-war-and-post-fed-meeting-environment
Text version: https://stenobird.com/podcast/the-ke-report-5642261/craig-hemke-unusual-intra-day-swings-in-gold-and-silver-since-last-week-in-this-post-war-and-post-fed-meeting-environment.md
Podcast: [The KE Report](https://stenobird.com/podcast/the-ke-report-5642261)
Published: 2026-06-22T22:38:33+00:00
Episode link: https://kereport.podbean.com/e/craig-hemke-%e2%80%93-unusual-intra-day-swings-in-gold-and-silver-since-last-week-in-this-post-war-and-post-fed-meeting-environment/
Audio file: https://mcdn.podbean.com/mf/web/b5aex24j4w4ybntm/2026-06-22_-_Craig_Hemkeaj0dg.mp3
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Duration seconds: 1152

## Resource

In this Daily Editorial, Craig Hemke, Founder and Publisher of the TF Metals Report, joins me to analyze the unusual intra-day swings in the precious metals market ever since the signing of the US/Iran MOU ending the war, and since Kevin Warsh chaired his first FED meeting and addressed the markets last week. In this episode, we cover: Technical Levels to Watch: Craig comments on the break-down in gold and silver below the 200-day moving average, resulting in weakening pricing momentum. This is creating the potential for gold to dip below it’s double bottom around $4,100 and silver to retest or dip below its double bottom around $61. Even if gold breaks below $4,000 into the mid $3,000s or if Silver breaks $61 and heads down to the $54 support level from last falls “double-top,” Craig points out that still would not invalidate the larger bull market trend of the last few years. He points out we may need that last capitulation move this summer to wash out any remaining weak hands, and to then base and bring in the new buyers that cause shorts to cover and begin a new upleg. We review again the very low “open interest” levels on the COT report, and how this lower level of market participation can cause unusual intra-day price swings in both directions. Kevin Warsh’s First Fed Meeting and Press Conference: We contrasted the outlook and approach Kevin Warsh outlined last week versus the approach to data collection and forecasting that his predecessor Jerome Powell had taken. The markets took Warsh’s comments "this committee will deliver price stability," to be a hawkish hold, since he indicated focusing on the higher inflation readings. The Fed funds futures are now anticipating 1-2 rate hikes this year versus the initially market anticipated rate cuts, coming into this ye…

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