Outlook for Precious Metals: “Good Shape and Getting Better” - Weekly Wrap Up (May 15, 2020)

May 15, 2020

If you’re a precious metals investor, there’s no reason to beware the Ides of May. With prices rallying “like crazy” and silver rushing forward, host Craig Hemke and Eric Sprott break down all the gold and silver news you need.

In this edition of the Weekly Wrap-Up, you’ll hear:

• The sobering words from The Fed—and what they mean for you
• Why you should be very careful on GLD
• Plus: Eric’s update on the shares

“The other interesting thing that I find incredibly noteworthy is yesterday morning when the market was down—and it obviously went back up yesterday—but Wells Fargo hit a new low? We had the S&P rally 30 percent and Wells Fargo is hitting a new low? What are they trying to tell us? What is the stock market trying to tell us? Even JP Morgan, I think, traded near 140 about two months ago. The low was 76. It got down to… something like 80 or 81 yesterday. Where’s the rally here? Is there something wrong? Is there something wrong in the banking business? What could be wrong?”