Gold and Silver Wrecked on Hormuz Shutdown — Why Craig Hemke Isn't Selling | $6,000 Target

9 snips

Mar 3, 2026

Craig Hemke, founder of TF Metals Report and a noted precious-metals analyst, explains why gold and silver plunged during the Hormuz shutdown yet his $6,000 gold thesis stays intact. He breaks down algorithmic liquidation, dollar strength, rising physical vs paper-market tensions, record-low COMEX open interest, and potential shifts in global market dynamics.

Ask episode

AI Snips

Chapters

Transcript

Episode notes

ADVICE

Sell Some At Tops And Buy Some At Washouts

When trading precious metals, sell some at euphoric highs and buy some when things look worst to manage risk.
Hemke's trader adage: always be ready to sell when things look rosiest and buy when they look worst.

INSIGHT

Specific Support Levels That Signal Trend Change

Key support levels to watch: April front-month gold around $4,700–$4,800 and silver below $70 (March contract ~63.90) signal trend change if broken.
Hemke says lower lows beneath recent February bottoms would indicate a real trend shift, not just consolidation.

INSIGHT

Falling Open Interest Suggests Room For Institutional Reentry

Open interest has trended downward since September and lacks the institutional long positions that fueled past rallies.
Hemke tracks daily open interest back to 2012 and notes December contract rolloffs and lower institutional participation explain current lows.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

💡Craig says the $6,000 gold thesis is intact and today's sell-off hasn't changed it. Stay positioned for what's ahead inside Wealthion's Real Assets Community (FREE to join): https://wealthion.com/getready

Iran closed the Strait of Hormuz, energy prices surged, the dollar went vertical, and in a broad market sell-off that saw the Dow plunge over 1,200 points intraday, gold and silver got caught in the liquidation wave. We sat down with Craig Hemke of TF Metals Report just hours after the chaos to break down what's really driving these moves and whether any of this changes his long-term thesis for precious metals.

💡Craig's core message: own the actual metal, not just price exposure through ETFs. Start building your physical position through Hard Assets Alliance: https://www.hardassetsalliance.com/?aff=WTH

💡With markets this volatile, Craig's advice is clear: keep your eyes on the long-term trend. Get a free portfolio review with one of Wealthion's trusted financial advisors at https://bit.ly/3N0i6Du

Chapters:

0:21 - Why Did Precious Metals Sell Off in a Crisis?

3:06 - Is the Dollar Still King of Safe Havens?

5:17 - Does This Pullback Have Real Momentum?

9:16 - Where's the Floor? Key Support Levels to Watch

11:20 - Record Low Open Interest on Comex: What's Going On?

14:42 - Has the Center of Gravity Shifted East?

17:12 - Bassett Blames China: Unruly Trading or Something Deeper?

19:43 - Are the Physical and Paper Markets Breaking Apart?

21:30 - What Happens When Paper Demand Overwhelms Physical Supply?

25:09 - Mind the Spread: Buying and Selling Physical Metal

27:25 - Has the Bull Case for Precious Metals Changed?

32:07 - Could a Gold Revaluation Actually Happen?

34:27 - Copper, Miners, and the Bigger Commodity Picture

Connect with us online:

Website: https://www.wealthion.com

X: https://www.x.com/wealthion

Instagram: https://www.instagram.com/wealthionofficial/

LinkedIn: https://www.linkedin.com/company/wealthion/

#Wealthion #Wealth #Finance #Investing #PortfolioReview #InvestmentAdvice #FinancialPlanning #WealthManagement #Gold #Silver #GoldPrice #SilverPrice #PreciousMetals #GoldInvesting #COMEX #Commodities #Copper #RealAssets #DollarDebasement #StraitOfHormuz #Iran #Geopolitics #InterestRates #YieldCurveControl #CraigHemke #TFMetalsReport #SafeHaven #Mining #GoldMiners

________________________________________________________________________

IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.

While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.

We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.

The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.

Learn more about your ad choices. Visit megaphone.fm/adchoices