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Three Steps Forward, Two Steps Back: What A “No Fun Week” Means For Gold - Weekly Wrap-Up (March 1, 2019)

Three Steps Forward, Two Steps Back: What A “No Fun Week” Means For Gold - Weekly Wrap-Up (March 1, 2019)
By Craig Hemke 9 months ago 32305 Views No comments

March 1, 2019

The month of March is here, but it’s hardly coming in like a lion. Silver is flat on the year, and Gold is only up about $20. But will precious metals roar back?

In this edition of the Wrap-Up, Eric Sprott breaks down the week’s gold and silver news, including:

  • What’s behind the current pullback.
  • The surprisingly good silver news from the U.S. Mint.
  • Plus: the latest on the shares, palladium, and more.

“The thing I found most interesting is how all of a sudden, on the financial networks, the narrative has changed. And the narrative, in the words of the data folks, always follows performance. And the narrative now is: ‘Oh! Yields are going up. Stocks are going up. We must have some kind of economic recovery going on!’ … And all of a sudden the need to have gold is diminished. I would suggest that the reason we’ve had this turn… is because the People’s Bank of China instructed their banks to lend 30% more to small businesses this month.”

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 on these topics and more,

Listen to the Weekly Wrap-Up on: iTunes SoundCloud Youtube Spotify




Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities. Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.



The views and opinions expressed in this material are those of the author as of the publication date, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.You may copy, link to or quote from the above for your use only, provided that proper attribution to the source and author is given and you do not modify the content. Click Here to read our Article Syndication Policy.

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