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

HiPurA® HPA Pilot Plant Early-Stage Commissioning Commenced

June 28, 2024

Miners Facing Financing Frustration, Where Will the Money...

March 19, 2024

Nuvau Minerals Inc. Changes Financial Year-End

March 1, 2025

Top 10 Iron-producing Countries (Updated 2023)

October 19, 2023

StrategX Announces Executive Change

April 2, 2025

Crypto Market Recap: White House Summit to Address...

March 5, 2025

How to Invest in Battery Metals

May 17, 2024

Cizzle Brands Announces that All 134 Metro Locations...

April 8, 2025

Kerry Stevenson: Gold, Uranium, Lithium — What I’m...

December 8, 2023

Byron King: Mining Stocks on “Absolute Fire Sale,”...

March 25, 2024

    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

    • Fed Watch: Key Bullish Patterns in the S&P 500, Utilities, and Crypto

    • Three Charts to Watch for an “All Clear” Signal

    • Use This Multi-Timeframe MACD Signal for Precision Trades

    • The Unpredictable Stock Market: How to Make Sense of It

    • Crypto Market Recap: New Hampshire Launches First State Crypto Reserve, Trump Stirs Controversy

    • SAGA Metals Extends Claims at the Radar Ti-V-Fe Project –Securing the Entire Titanomagnetite-Bearing Intrusion

    Categories

    • Business (1,181)
    • Investing (2,402)
    • Politics (3,699)
    • Stocks (1,551)
    • 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