Craig Hemke–Technical/Fundamental Outlook For Gold, Silver, & PM Equities After The Market Bloodbath

Hemke argues that algorithmic trading, not fundamental weakness, drove the sharp sell-off in precious metals equities despite producers reporting record Q1 earnings.

Central bank gold buying remains the key structural support for prices, with China absorbing record amounts and offsetting sales from nations like Turkey.

The great rotation out of US bonds and into gold creates competing forces: it underpins gold demand while simultaneously pushing interest rates higher, which pressures the metal.