Gold and Silver Wrecked on Hormuz Shutdown — Why Craig Hemke Isn’t Selling | $6,000 Target
Iran closed the Strait of Hormuz, energy prices surged, the dollar went vertical, and in a broad market sell-off that saw the Dow plunge over 1,200 points intraday, gold and silver got caught in the liquidation wave. We sat down with Craig Hemke of TF Metals Report just hours after the chaos to break down what's really driving these moves and whether any of this changes his long-term thesis for precious metals.
Craig explains why today algorithmic trading and a surging dollar are overpowering gold's safe-haven status, why record-low COMEX open interest is making every move more extreme, and why the "bubble" narrative is flat wrong. He also lays out the policy playbook the U.S. administration is openly telegraphing: aggressive rate cuts, a Fed-Treasury accord under incoming chair Kevin Warsh, yield curve control, and a possible revaluation of the government's gold, currently on the books at just $42.22 an ounce, all pointing toward $6,000 gold.
Craig says the $6,000 gold thesis is intact and today's sell-off hasn't changed it. Stay positioned for what's ahead inside Wealthion's Real Assets Community (FREE to join): https://wealthion.com/getready
Craig's core message: own the actual metal, not just price exposure through ETFs. Start building your physical position through Hard Assets Alliance: https://www.hardassetsalliance.com/?aff=WTH
With markets this volatile, Craig's advice is clear: keep your eyes on the long-term trend. Get a free portfolio review with one of Wealthion's trusted financial advisors at https://bit.ly/3N0i6Du
What Serious Investors Are Watching
Dive into expert interviews, market analysis, and long-form content built to help serious investors think long-term.
‘Deeper & Longer’ Recession To Drive Gold To New Highs | John Hathaway
A week ago, I interviewed John Hathaway for Mike Maloney’s GoldSilver YouTube channel.
‘Dr Doom’ Predicts Very Hard Times Ahead For Economy & Financial Markets: Marc Faber
https://youtu.be/fDf24HkFXKE Video can’t be loaded because JavaScript is disabled: Marc Faber: ‘Dr Doom’ Predicts Very Hard Times Ahead For Economy…
‘Economic Pain’ Lies Ahead In 2023 Once Hard Landing Becomes Too Obvious To Ignore | Thomas Thornton
After a punishing year in 2022, the markets have had a great start to 2023.
Enjoyed This? Get More Insights
Expert insights and curated opportunities, delivered to your inbox.
Ready to Position for What's Coming?
Whether you're still learning or ready to act, your next step starts here.
- Independent
- Macro-Informed
- Real Asset Focused
Network Discussion
Sign in to share your thoughts and connect with other readers.
Join the Wealthion Network to Comment