Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

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

by 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
Why Novo Nordisk’s Stock Price Recovery Makes It a Promising Buy
next post
Cobalt Market Update: Q1 2024 in Review

Related Posts

African Gold Announces Transformational Strategic Partnership with Montage...

March 25, 2025

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

April 24, 2025

Editor’s Picks: ECB Issues Gold Warning, Uranium Stocks...

May 24, 2025

Germany, Italy Face Pressure to Repatriate US$245 Billion...

June 25, 2025

Apple Debuts AI-Powered iPads

May 11, 2024

Nevada Sunrise Produces 3-D Model for the Gemini...

December 12, 2023

SEC Approves 8 Spot Ethereum ETFs in Landmark...

May 24, 2024

FPX Nickel Closes $14.4 Million Strategic Equity Investment...

January 24, 2024

WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF C$5...

May 7, 2024

Crypto Market Recap: Bybit Suffers US$1.5 Billion Hack,...

February 25, 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.

    Latest

    • Breakout Watch: One Stock in Each Sector to Watch Now

    • Small Caps Are Rotating In — Here’s Why It Matters

    • Want Faster, Lower Risk Trades? Use This Setup

    • The Seasonality Trend Driving XLK and XLI to New Highs

    • Copper Soars to All-time High as Trump Unveils 50 Percent Tariff on Imports

    • Apollo Silver; Right Assets, Right Management and Right Time

    Categories

    • Business (1,283)
    • Investing (2,658)
    • Politics (3,699)
    • Stocks (1,709)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.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 moneycontrolplace.com | All Rights Reserved