When the big ones start going, you better head for the hills.” - Eric Sprott on volatile markets

When the big ones start going, you better head for the hills.” - Eric Sprott on volatile markets (Weekly Wrap-up, April 06,2018)

By Craig Hemke, Sprott Money News

 

That’s another week in the books, and Eric Sprott returns once again to break it down for you. In this week’s wrap-up, you’ll hear his thoughts on:

 

  • What a weak US jobs report means for gold and silver
  • The “terrible vulnerability” of the stock market
  • Plus: Surging open interest in COMEX silver

 

“The big worry when I look at the stock market in general … I would be very concerned about some of the things that are happening on a macro scale. And one of them, of course, is what happened to cryptocurrencies …  It’s a wipeout! People doing exactly the wrong thing with their money … And it just tells you about markets. Let’s go to the stock market … [Facebook, Google, Amazon…] They’re getting picked off one by one. When the big ones start going, you better head for the hills … I just think that this stock market is looking terribly vulnerable. I wouldn’t want to be in it. There are so many things that can go wrong here.”

 

To hear Eric’s full thoughts, listen here: https://soundcloud.com/sprottmoney/sprott-money-news-weekly-wrap-up-4618

 

 

When the big ones start going, you better head for the hills.” - Eric Sprott on volatile markets (Weekly Wrap-up, April 06,2018)

By Craig Hemke, Sprott Money News

 

Check out these other articles by our contributors:

As Volatility Spikes, Here’s What Could Be Ahead for Gold and Silver- Jeff Clark (05/04/2018)
The Gold Price Driver- Craig Hemke (03/04/2018)
Focus: Rick Rule and Grant Williams — Dissecting The Synchronized Economic Recovery And The Crypto Bubble-Sprott Thoughts (03/04/2018)

 

 

 

 

 

 

Comments

SILVERGEDDON Fri, 04/06/2018 - 13:31 Permalink

Sprott rot. The headline, that is. Take anything out of context, and run with it.

Seems to be the new normal. 

Along with all the fucking email spam yapping about " the shocking story of blah blah blah."

Media today is useless as tits on a bull.

Boing_Snap Lost in translation Fri, 04/06/2018 - 20:01 Permalink

Spend your time watching this video instead, a better usage of your time.

This Abby Martin video has been taken off of Youtube in 28 countries and counting, a direct look at the terrorist state of Israel's activities past and present. You know while the rest of the world is busy wondering what Trump and Killary will say next, the ethnic cleansing just keeps on keeping on.

https://thedailycoin.org/2018/04/06/power-of-israeli-control-on-display…

In reply to by Lost in translation

HungryPorkChop SILVERGEDDON Fri, 04/06/2018 - 17:52 Permalink

Given Sprott's track record of selling massive amounts silver back in 2011 and telling everyone to HODL he burned a lot of people.  Not sure why anyone would read he stuff anymore.  Also, not sure why this site continues to roll out the red carpet for him like he's some great investment guru. 

The recent turmoil in markets have helped support the metals.  Probably just like the past 40 years when the markets get really creamed the metals eventually hit new highs.  After 2008 crash the metals peaked in 2011.  Similar action occurred back in the late 70's when interest rates were 18%.

If the markets go to sh*t and money is printed again to prop up the markets then the metals will react but we could still be years away.  Same reaction as the past 40+ years.

In reply to by SILVERGEDDON

sgt_doom SILVERGEDDON Fri, 04/06/2018 - 19:41 Permalink

The headline is sheer idiocy --- completely opposite Floyd Odlum's philosophy prior and after the Great Crash, which was why he was one of the few to survive it richer than sin, and became the chief financial back of President Eisenhower.  (Was the majority shareholder in United Fruit when Ike sent in the CIA to overthrow Guatemala's democratically elected populist president.)

In reply to by SILVERGEDDON

ReturnOfDaMac Fri, 04/06/2018 - 14:51 Permalink

Look man, if you can't get it up with the DOW down almost 700 pts, face facts, you NEVER will.  Without intentional help from China or Russia, gold can't get it up if you used a crain!

DarkPurpleHaze Fri, 04/06/2018 - 14:53 Permalink

Clearly these two hucksters are just hoping for naive types who'll believe anything despite their laughable track record. 

Anyone who tries repeatedly to sell Andrew Maguire as a reputable source is s blatant shill and will say anything for a buck. 

How's that new website going you promised almost two years ago for an extra paper dollar?

A straight up mature person would've simply and honestly told his subscribers costs are going up. Simple.

I guess making stuff up and feeling no shame is what your good at.

Once a weasel, always a weasel.

Twice, thrice a weasel is a pattern.

 

 

ZIRPdiggler Sat, 04/07/2018 - 01:42 Permalink

And this dolt doesn't understand what a market cycle is if he thinks "Bitcoin is a wipeout!" Lets see if that's the case in 18 months or so. see ya at the top, sprott money.