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Jobs Report Has Major Implications for Precious Metals - Weekly Wrap Up

Weekly Wrap Up with David Morgan


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With a lackluster jobs report coming in well below expectations, inflation fears are back—and so are precious metals. Host Craig Hemke sits down with David Morgan of The Morgan Report to break down all the gold and silver news you need to understand where we go in the weeks ahead. 

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

  • How copper fits into the overall picture
  • David’s thoughts on the miners
  • Plus: Is the world awash in silver?

“If you look at gold… gold’s at a twelve-week high. We’re above 1800… the market hasn’t closed; we’re doing this Friday morning, but I think it will [close above there], so that’s very bullish. And in silver, as you said, up 6%. So I think both the metals are pretty close to breaking out here. I don’t want to get too excited—there’s so many times we’ve seen a fakeout and not a breakout. The CoT is not super-favorable to further highs, but I think it’s favorable enough we can certainly see it, so I’m still very bullish to metals longer term…”  

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

The more you know, the more wisely you invest.

Feeling inspired to invest in silver? Browse our selection of silver bars, coins, or our exclusive Sprott Silver.

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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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About the Author

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 author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, 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.


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