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Thursday Selloffs: Mini-Correction or a Trend Change? - Weekly Wrap-Up (September 06, 2019)
September 06, 2019
It’s been a wild week in precious metals, but is it a correction or is it a sale? Eric Sprott returns to the Weekly Wrap-Up to break down all the gold and silver news you need, including:
• Do the fundamentals for gold and silver still look strong?
• When can we expect gains to show up in earnings per share?
• Plus: The dynamics of a bull market: Where are we now?
“If you had asked me on Wednesday what I thought, I would have said: Well, it seems obvious to me that the Commercial Banks have lost the game. They realize that if they want to cover their shorts, obviously you’ve got to be on the buy side. But because they were the only seller, where are they going to get the product from? And the losses were becoming incredible. I have their losses at well over $10 billion, you know? That’s not small change anymore.”
Don’t miss a golden opportunity.
Now that you’ve gained a deeper understanding about gold, it’s time to browse our selection of gold bars, coins, or exclusive Sprott Gold wafers.
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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.
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