• FREE Shipping & Insurance on Orders Over $500
    FREE Shipping & Insurance on Orders Over $500
back to top

Keep Calm and Buy Gold: Why It’s Not Time to Panic - Weekly Wrap-Up (Nov 08, 2019)

Head Shot of Eric Sprott Weekly Wrap Up

November 08, 2019

It’s been a tough week for precious metals. Gold is down almost $50, silver down $1. But with prices bombing, is it time to panic—or do some bargain shopping? Eric Sprott breaks down all the gold and silver news you need, including:

Will there be another rate cut in December?

Why there could be an opportunity in Nickel

Plus: What to look for in microcap companies

“As you know, I think it sucks! And I would point out to people that you [Craig Hemke] did a great write-up basically predicting this on Sprott Money, because the open interest—and basically all short interest—has gone very, very high there. Record high. And, of course, the natural outcome of that, typically, is that prices get bombed. Which, they have gotten bombed here. But then again, we’ve learned to expect that. We’ve had a couple of days of almost record increases in shortages, so it hasn’t been fun for our side.”

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.

Learn More
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.