Huge News! The Fireworks Will Start Soon & Silver Will SHOCK THE WORLD - Craig Hemke
Huge News! The Fireworks Will Start Soon & Silver Will SHOCK THE WORLD - Craig Hemke
In the evolving landscape of precious metals, industry veterans highlight distinctive patterns in gold and silver price movements that could signal significant opportunities for investors.
Gold's remarkable performance in 2024 has defied conventional market wisdom. Despite headwinds from a strengthening dollar and dramatically reduced expectations for Federal Reserve rate cuts—from an initial forecast of seven cuts to possibly just one by June—gold has demonstrated extraordinary resilience.
Craig Hemke, founder of TF Metals Report, observes that gold began the year strong, defying expectations of weak prices due to a rising dollar and reduced interest rate cut forecasts. By June, analysts revised predictions from seven cuts to zero or one.
Despite this, gold has surged about 30% year-to-date. The precious metal has recently broken records above 2,700 dollars per ounce, significantly outpacing the S&P 500's 20% return. This impressive rally has been fueled by increasing safe-haven demand amid economic and geopolitical uncertainties, particularly as the Federal Reserve approaches its rate-cutting cycle.
Drawing from historical market cycles, Hemke identifies a consistent pattern in silver's behavior relative to gold during bull markets. He points to silver's characteristic delayed but explosive price movements, citing a notable example where silver surged from 24 to 33 dollars within just six weeks following gold's initial ascent.
Randy Smallwood's analysis complements this perspective by emphasizing silver's unique market dynamics. While acknowledging silver's typical lag in responding to market catalysts, he highlights its inherent volatility and potential for outsized returns once momentum builds. This characteristic often manifests in a compression of the gold-silver ratio during vital market phases. Smallwood maintains a bullish outlook, suggesting silver could reach 50 dollars during robust market rallies.
According to Craig Hemke's analysis, gold posted a remarkable 5% gain during the month, contrasting sharply with the typical 3% decline observed over the past five years during the same period. Silver's performance was even more impressive, surging 8%, decisively outpacing gold, and the Gold Miners ETF recorded a 3% increase.
September 2024 marked a significant departure from historical trends in precious metals markets, with gold and silver demonstrating exceptional strength and defying seasonal patterns. The precious metals market's strength is particularly evident in gold's broader performance throughout 2024. In the Indian market, MCX gold has emerged as a standout performer, recording an impressive 14% gain in INR, surpassing traditional investment vehicles such as NSE government securities and the emerging market index, which posted gains of 7-9%.
Silver's performance has been even more remarkable, with prices soaring nearly 10% in September to reach levels not seen in almost twelve years. Market analysts attribute this extraordinary rally to a combination of supply constraints and recovering industrial demand.
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