Comex is a ticking time bomb, feat. Craig Hemke [Video]

Samuel Briggs Kinesis Money

In this week’s Live from the Vault, Andrew Maguire is joined once again by Craig Hemke, founder of the TF Metals Report, to discuss the Fed’s refusal to accept the US is slipping into a recession.

The two industry allies contemplate the approaching end of the COMEX’s confidence scheme, as investors wake up to widespread spoofing and join the mass exodus to fairer alternatives.

Timestamps

00:00 - Start 01:25 Craig Hemke & Kinesis’ “ gold and silver swindle” video soon reach 1M views!

04:35 - About post-pandemic stagflation and reaching neutral GDP.

08:30 - The US in recession, Powell in denial.

10:05 - Game of short and long contracts.

17:30 - Never seen the house this long and the specs this wrongfooted!

21:15 - JP Morgan is exiting its silver shorts.

25:25 - House account of Bank of America had been stopping gold contracts all year long.

27:20 - COMEX’s hedging mechanism is broken!

31:10 - The Confidence Scheme - people are waking up, exiting the space.

34:45 - EFPs - how many tonnes have exited this month in gold?

38:55 - Remember - physical, physical, physical…

41:40 - It’s a PSYOP! What is the key to ending this scheme?

44:15 - Don't go buying 100 shares of the GLD thinking you own physical gold.

48:25 - Where can we find Craig Hemke? Join the community, protect yourself!

Author

Samuel Briggs

Kinesis Money

Samuel holds a deep understanding of the precious metals markets, and as an in-house journalist for 1:1 gold and silver-backed monetary system, Kinesis, he is chiefly responsible for updating the community with insights and analys

EUR/USD off highs, back to 1.1850

EUR/USD loses some upside momentum, returning to the 1.1850 region amid humble losses. The pair’s slight decline comes against the backdrop of a marginal advance in the US Dollar as investors continue to assess the latest US CPI readings.

GBP/USD advances to daily tops around 1.3650

GBP/USD now manages to pick up extra pace, clinching daily highs around 1.3650 and leaving behind three consecutive daily pullbacks on Friday. Cable’s improved sentiment comes on the back of the inconclusive price action of the Greenback, while recent hawkish comments from the BoE’s Pill also collaborates with the uptick.

Gold surpasses $5,000/oz, daily highs

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The yellow metal’s upside is also propped up by the lack of clear direction around the US Dollar post-US CPI release.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.