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Multiple “Tsunamis” Converge on Gold and Silver - Weekly Wrap Up (April 9, 2020)

Head Shot of Eric Sprott Weekly Wrap Up

April 9, 2020

It’s been an action packed four days, and as we head into the long weekend, gold is surging to its highest closing levels in more than seven years. 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 “crisis of confidence” in the futures market

· The continuing economic impact of coronavirus

· Plus: Why is the silver price still lagging?

“I think precious metals are the number one topic… because the other two topics we’ll talk about—the economy and coronavirus—are sort of continuing in a particular trend, but the action in the precious metals is wild. I would say that the key change that’s happened in this last week was as the price of gold went up sharply on various days, the open interest didn’t. Which meant that the commercials were not trying to keep the price down.”

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.


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