“Big Things About to Happen” as Gold and Silver Reassert Themselves - Weekly Wrap Up (May 29, 2020)

May 29, 2020

As physical shortages continue and historic amounts of COMEX contracts stand for delivery, precious metals investors are poised for a very interesting month of June.

In this edition of the Weekly Wrap-Up, host Craig Hemke and Eric Sprott break down all the gold and silver news you need, including:

• The big news coming later today—and what it means for you
• Why we are “not going back to normal”
• Plus: will governments confiscate gold?

“It’s a shocking, shocking number. Believe me, I have been staking this out every day. I would always look at the open interest, I would look at the actual deliveries, the exchange for physicals. Both of those two numbers should reduce the open interest. The open interest hardly ever goes down, notwithstanding huge amounts of physical deliveries. Which really means: everyone who’s short is hung.”