American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
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
Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.
next post
Top 4 Vanadium-producing Countries (Updated 2024)

Related Posts

Top 2 reasons why the Wise share price...

June 5, 2025

Solana price prediction as fees, revenue, and active...

March 26, 2025

Bitcoin price prediction: BTC path to $300,000 revealed

April 18, 2025

EUR/USD forecast: signal as C&H pattern points to...

April 9, 2025

Filecoin price prediction: Will the FIL token recover?

February 3, 2025

Lancaster Resources Acquires Piney Lake Gold Property

April 12, 2024

Solana price prediction as the SOL meme coin...

February 24, 2025

How to Invest in Rare Earths

May 3, 2024

Polkadot price prediction: the bullish case for DOT...

July 24, 2025

Kering share price: is the Gucci parent a...

April 24, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Latest News

    • Zinc prices rally on US rate cut hopes, despite supply oversupply

      August 27, 2025
    • Mitsubishi exits Japanese offshore wind projects citing soaring costs

      August 27, 2025
    • FBI raid on John Bolton’s home in Washington linked to classified documents

      August 25, 2025
    • Argentine senate deals blow to Milei’s austerity agenda with university budget boost

      August 25, 2025
    • Jackson Hole Symposium: what Powell said about economic effects of Trump’s tariffs

      August 25, 2025

    Categories

    • Business (3,773)
    • Investing (2,787)
    • Latest News (2,050)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.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 americaninvesthub.com | All Rights Reserved