Gold, Silver, and a ‘Terrible’ U.S. Jobs Report - Weekly Wrap Up

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Saturday, Jun 05, 2021 - 6:00

Gold, Silver, and a ‘Terrible’ U.S. Jobs Report - Weekly Wrap Up

Written by Craig Hemke, Sprott Money News



June 05, 2021


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After a strong start to the week, investors rushed to the exits ahead of what was expected to be a strong U.S. jobs report—but the numbers were much worse than anticipated. What does that mean for precious metals? Host Craig Hemke sits down with mining executive and market analyst David Jensen to break down all the gold and silver news you need to see where we go from here. 

In this edition of The Weekly Wrap Up, you’ll hear:

  • Which metal is setting up for the biggest move
  • Why the silver market might resemble palladium going forward
  • Plus: The latest on the #SilverSqueeze movement

“Big picture, we know, from the Austrian Theory of Time Preference. That sounds sophisticated, but it’s an analysis that says that when you create growth by expanding debt, in the end you get an economy [that] becomes debt dependent, because you never increase your productivity enough to support the consumption that’s going on. So when I look at all this, what they call ’stagflation’, it’s just a reflection of the fact that the economy is unable to produce. In the end, it gets so distorted and so debt-addled that you end up in a period of decline no matter how much you print.”

To hear David’s full thoughts on this week’s gold and silver news, listen here: 

Sprott Money News Â· Sprott Money News Weekly Wrap Up - 6.4.21

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