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

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.”