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Survival Week: Precious Metals Hang In There, Brace for December Expiry - Weekly Wrap-Up (November 22, 2019)
November 22, 2019
As The Weekly Wrap-Up heads into an off-week due to the American Thanksgiving, Eric Sprott and host Craig Hemke deliver an extra-long shot of all the gold and silver news you need.
In this edition of the Wrap-Up, you’ll hear:
- The 2020 outlook for precious metals
- Why you should support the Save Canadian Mining initiative
- Plus: The overlooked value Eric considers before investing
“Just surviving this huge December expiry is very, very critical. I mean, we’re down to what? About 230,000 contracts still open in gold, I think, on the December contract. That’s 23 million ounces. I mean, that’s a lot of money. We have a huge open interest… Well, we hit record open interest during the week! It came down yesterday, but it’s way up there. So there’s some kind of titanic struggle going on, but I think particularly in silver.”
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