Craig Hemke

Craig Hemke

Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities. Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.

Craig Hemke Articles

Commitment of Traders reports for COMEX gold and silver are back to levels that often precede price bottoms. Could they also be telling us something about the current yuan-gold correlation?
Two weeks ago, we demonstrated that the yuan-dollar exchange rate is now the primary driver of global gold prices. Today, we attempt to decipher some of the important implications of this phenomenon.
It has been a painful start to the summer for gold traders and investors, particularly for yours truly. Though we anticipated the correction that began back in April, we never fully expected it to extend for as long and as deep as it has...
For the reasons we've discussed over the past several years, the U.S. yield curve continues to flatten, with Wednesday seeing new, 11-year low spreads. As you know by now, this has significant long-term implications.
Last week, we updated the incredible surging amount of total COMEX "Exchanges For Physical". Much has changed in the past few days, so with some additional data in hand we thought we should re-visit the topic this week.
Back in April, we first reported upon the surge in the use of "Exchanges For Physical" on the COMEX. We thought we should provide an update today. As a refresher, here's a link to the first report from eight weeks ago:
As we type this on Tuesday the 15th, the price of COMEX Digital Gold is down nearly 2% on the day. This places it under $1,300 per ounce and below its all-important 200-day moving average.
Last week, we discussed the likelihood of another Large Spec washout in COMEX gold and the impact this would have on price in the short term. Today, let's look at this in greater detail.
Just last week, it appeared that a general rally in commodities was underway. Gold, silver, the base metals and crude oil were all soaring. But now, less than one week later, prices are falling sharply. And why? Blame the HFTs that trade...
Very few people understand—or even know of—the opaque COMEX-->LBMA process known as "Exchange Futures For Physical". Even the term is misleading, as there's clearly nothing "physical" about it.

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