Weekly Wrap Up

Why The Future Looks Bright For Gold And Silver - Weekly Wrap-Up (May 03, 2019)

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May 03, 2019

As we roll into May, the new U.S. jobs report makes some stunning claims—but can you believe the numbers? In this edition of The Weekly Wrap-Up, Eric Sprott breaks down the latest gold and silver news, including:

Why the economy isn’t as strong as people suggest

The best indicator of a looming recession

Plus: the most important news out of the World Gold Council

“It’s funny how [gold] got smashed. Because it actually went up initially. It went down later, I think when [Powell] made some pro-growth comments in the interview after. But there’s been a lot of criticism of the Fed. We had some funny things happen. This IOER, the Inter-Bank Offered Excess Reserve Rate, something like that, was cut, and there’s a lot of suggestions that the Fed is losing control of interest rates. We still have an inverted yield curve, which does suggest that there’s no one out there thinking there’s any great amount of growth happening here.”

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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.