Craig Hemke, founder and editor of TF Metals Report, joins us to break down the recent volatility in precious metals following last week’s gold tariff headlines - and the immediate backtrack. While daily swings grab headlines, Craig points out that gold remains in a strong long-term uptrend, recently posting its highest weekly close ever above $3,400.
We discuss:
- Why gold’s fundamentals remain bullish despite short-term noise and political headlines.
- The standout performance of gold and silver mining stocks, with GDX hitting highs not seen since 2011.
- How recent earnings reports reveal producers are far more profitable than many investors expected.
- Silver’s breakout above $37–$38, its best levels in over a decade, and what it means for margins in Q3.
- The macro backdrop - weak economic data, Fed policy expectations, and the impact on the US dollar and metals prices.
Craig also shares insights on positioning from the CoT reports, the potential for further upside in both metals, and why institutional sentiment could be shifting in favor of gold and silver producers.
Click here to visit Craig’s website - TF Metals Report
