Craig Hemke – Fed Not Fighting Inflation Equals $18,000 Gold
by Greg Hunter
USA Watchdog
Financial writer and precious metals expert Craig Hemke predicted in July that silver was about to start a dramatic move higher. He was right. After Tuesday’s smash-down of the metal, Hemke says precious metals investors have nothing to worry about. Hemke explains, “The important thing to understand is the fundamental stuff that has driven gold and silver higher, especially in the last couple of weeks, none of that has changed. . . . You get these speculative excesses. They traded on the COMEX futures exchange (Tuesday 8/11/20) 1.5 billion ounces of pretend fake digital silver. In a normal non-Covid world, the entire globe mines about 850 million ounces of silver. So, in one day’s trading of the phony baloney plastic silver, they traded two times global mine supply. . . . The picture has not changed fundamentally. They can trade two times global mine supply and you get these speculative excesses that get wrung out, but that just sets you up for the next move higher.”