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“A Lot of Chaos Going On” in Precious Metals Market - Weekly Wrap Up (February 21, 2020)

Head Shot of Eric Sprott Weekly Wrap Up

February 21, 2020

As the coronavirus continues to affect the global economy, host Craig Hemke catches up with an “under the weather” Eric Sprott to give you all the gold and silver news you need to navigate the chaos.


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


  • What’s behind the “hairy week” in gold and silver
  • Why the shares moved up “smartly”
  • Plus: Eric answers your questions about the shares

“First of all, it’s all about the mathematics, right? The first problem we had with mathematics that showed the vulnerability of the world’s economies was when the Chinese cases exploded and the deaths exploded and they exceeded SARS in no time. And one of the things we don’t know yet is: is it really under control there or are we just getting phony numbers? … But we have examples other than China. And the first one, of course, is the Diamond Princess cruise ship. … Then, middle of this week we get South Korea, where all of a sudden they are reporting fifty extra cases a day. It was obvious that in a tight environment, if somebody has it, it just blows out.”

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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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Head shot of Craig Hemke

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.