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

Head Shot of Eric Sprott Weekly Wrap Up

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?”

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.