Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

Craig Hemke: Gold’s Next Price Target, Key Silver Factors to Watch

by admin May 8, 2024
May 8, 2024
Craig Hemke: Gold’s Next Price Target, Key Silver Factors to Watch

In his view, gold’s move back below the US$2,400 per ounce level is completely normal — Hemke noted that nothing ever goes straight up, and emphasized that a ‘two steps forward, one step back’ pattern is healthy.

With that said, he does see strong upside potential for the precious metal in 2024. In his view, there are a lot of technical targets that line up with US$2,650 or US$2,700, and he said that’s probably the next point to watch for. While those heights won’t necessarily be achieved this year, Hemke thinks gold could finish the period at US$2,400 or US$2,500.

Taking a step back to provide a look at the larger picture for gold as well as silver, he emphasized the importance of preparing for the inevitable collapse of the current debt-based system.

‘You reach a terminal phase, and I think we’re finally now getting there, where the debt is growing exponentially and so quickly that the amount of new fiat money creation even just to service the debt — it all just begins to spin tighter and tighter and out of control,’ he explained during the interview. ‘Your protection against that sort of collapse has always been the ownership of physical gold and physical silver too.’

Watch the interview above for more from Hemke on gold and silver.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Cote d’Ivoire Acquisition Completes
next post
E25 Secures USA Site for HPMSM Refinery

Related Posts

High-Potential WA Lithium & Gold Tenements Secured

February 19, 2025

Global Markets See Sharp Declines as US Recession...

August 7, 2024

Resouro Publishes Initial Resource for Tiros Titanium-Rare Earths...

July 20, 2024

QUIMBAYA GOLD LAUNCHES LIDAR SURVEY AT TAHAMI SOUTH...

January 23, 2025

Quimbaya Gold Appoints Ricardo Sierra as Vice-President of...

January 20, 2025

CMC Metals Ltd. Announces Share Consolidation and Name Change

March 22, 2025

Launch of $4M Accelerated Partially Underwritten Entitlement Offer

November 4, 2024

Scoping Study Demonstrates Low Cost Potential (Replacement)

June 5, 2025

Brunswick Exploration Drills 36 Meters at 1.51% and...

April 25, 2025

Stunalara Acceptances Reach 54%

March 14, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Inside the Biden cover-up probe: 8 aides questioned, more on the way

      August 3, 2025
    • BROADCAST BIAS: ABC compares Sydney Sweeney ad to Nazis as networks go nuts about her ‘genes’

      August 3, 2025
    • Trump closes week with plans to reposition subs amid heightened Russia tension, new tariffs

      August 3, 2025
    • Trump 1.0 alums share chilling Google message from before second-term return: ‘LAWFARE at its finest’

      August 3, 2025
    • Dems dig in, Trump demands all: Nominee fight boils over in Senate as GOP looks for a deal

      August 3, 2025

    Categories

    • Business (1,047)
    • Investing (2,754)
    • Politics (3,388)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved