“That’s the volatility they need to make money. Wash, rinse, repeat.” - Eric Sprott on banks and the markets

 

“That’s the volatility they need to make money. Wash, rinse, repeat.” - Eric Sprott on banks and the markets - Weekly Wrap-Up

 

By Craig Hemke, Sprott Money News

 

The “beleaguered” Eric Sprott returns this week to discuss the latest and not-so-greatest in the precious metals markets. But it’s not all bad news! In this edition of the wrap-up, you’ll hear:

• Why Eric remains calm about gold prices

• What the trade war means for markets

• How the U.S. midterm elections could affect everyone

“It’s bad enough being down to 1216 or 1217, wherever we’re trading right now. But it’s the process we’re going through. As you know, I’ve expressed many times before that whenever the commercial banks say, ‘We need volatility in markets,’ well… they’re getting it! And of course they orchestrate it, I believe. And that’s exactly what we’re going through, with not only gold and silver. We see it in the oil market, where it got up to 77 and everyone gets excited, it’s going to break out, and bang! It’s down ten bucks three weeks later… So, here we are. Who knows when we get off of it.”

Ask Eric a question by following us on Twitter (www.twitter.com/SprottMoney) or Facebook (www.facebook.com/SprottMoney) and post to us using the hashtag #AskEricSprott

For more info, contact us at submissions@sprottmoney.com
 

To hear Eric's full thoughts and more, listen here:

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“That’s the volatility they need to make money. Wash, rinse, repeat.” - Eric Sprott on banks and the markets - Weekly Wrap-Up

 

 

By Craig Hemke, Sprott Money News

 

 

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Check out these other articles by our contributors:

The MSM Wants War With Russia? A Dangerous Narrative is Born - Nathan McDonald (19/07/2018) The Downside Case for Gold - David Brady, CFA (19/07/2018)

What’s Going On With Gold? Dave Kranzler (18/07/2018)
 Crude Oil May Not Find Support Above $60 This Time - Chris Vermeulen (18/07/2018) India Soaks Up Physical Silver Supply - Craig Hemke (17/07/2018)