It’s been a tough week for precious metals. Gold is down almost $50, silver down $1. But with prices bombing, is it time to panic—or do some bargain shopping? Eric Sprott breaks down all the gold and silver news you need, including:
• Will there be another rate cut in December?
• Why there could be an opportunity in Nickel
• Plus: What to look for in microcap companies
“As you know, I think it sucks! And I would point out to people that you [Craig Hemke] did a great write-up basically predicting this on Sprott Money, because the open interest—and basically all short interest—has gone very, very high there. Record high. And, of course, the natural outcome of that, typically, is that prices get bombed. Which, they have gotten bombed here. But then again, we’ve learned to expect that. We’ve had a couple of days of almost record increases in shortages, so it hasn’t been fun for our side.”
To hear Eric’s full thoughts on the week’s gold and silver news, listen here:
About Sprott Money
Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.
Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.