Craig Hemke: Are the Mining Stocks Starting to Gather Momentum?
Craig Hemke, founder of TF Metals Report, returns to the show and discusses his macro forecast from last year. He expected a dip but anticipated a faster recovery to a higher level than what transpired. The Fed hiked more than most expected as inflation got ahead of them, and the extent of the damage remains unknown.
The media complex has no interest in disrupting the established system, and this was evident when last week’s job report was released. The only new jobs being created are those with part-time or multiple jobs just trying to make ends meet. Craig questions the actions and words of the Fed, noting how they often fail to correlate and are generally overly optimistic. The evidence of a faltering economy is apparent, and Craig expects rates to be dramatically lower by the end of the year.
Craig then turns to the copper market, where global inventories have fallen by eighty percent in the past ten years. He believes that even within the confines of the current system, a powerful commodity rally is likely this year.
Lastly, He encourages listeners to educate themselves and not take what they see on CNBC at face value. He believes institutions are starting to move into metals, and encourages listeners to add to their stack of physical metal on the dips.
Time Stamp References:
0:00 – Introduction
0:35 – 2022 Market Calls
3:20 – Lies & Propaganda
10:35 – Flawed Metrics & Jobs
15:05 – Pendulum & Gyrations
20:50 – Inflation & CPI
23:49 – China & Commodities
28:17 – Recession & Copper
30:26 – Commodities & Leverage
31:52 – Metals & Supply
39:36 – Inflation & Pendulums
42:31 – Miners & Patience
44:07 – Wrap Up
Talking Points From This Episode
- Rates will be much lower by the end of the year, indicating a faltering economy.
- Global copper inventories have fallen by eighty percent in the past decade, likely leading to a powerful commodity rally this year.
- Craig encourages listeners to educate themselves and add to their stack of physical metal on the dips.
2023 Macrocast Report: https://www.tfmetalsreport.com/blog/11886/macrocast-2023-one-step-beyond
Craig Hemke, aka “Turd Ferguson,” was a licensed securities “professional” for nearly twenty years. Then, disgruntled by the fraud known as “financial services,” he retired to a career as a serial entrepreneur in 2008. Though otherworldly in his ability to forecast price movements, Craig is not a soothsayer, a psychic, or a witch, but, after all these years, he has a decent understanding of the forces at play in the precious metal “markets.”