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A “Miraculous” Turnaround in the Economy? Don’t Believe It - Weekly Wrap Up (June 5, 2020)

Head Shot of Eric Sprott Weekly Wrap Up

June 5, 2020

Gold and silver are down this week, thanks to a “miraculous” economic recovery. But on a street level, the outlook is much different. In this edition of the Weekly Wrap-Up, host Craig Hemke and Eric Sprott break down all the gold and silver news you need to cut through the noise, including:

  • Why “nothing good is happening” despite the numbers
  • The catalyst that might break price out of the current range
  • Plus: Eric’s thoughts on the shares

“The riots were better than expected. The job numbers are better than expected. Interest rates have gone up, which is undoubtedly better than expected. Everything’s better than expected! So, you know, you have to buy stocks and obviously sell gold here, because things are going so well! … I’ve always said I don’t ever believe these employment numbers. Never have, at any time. And of course, now I just find it totally ridiculous to think net jobs were up in May. I’m just shaking my head at it.”

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.

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.