Survival Week: Precious Metals Hang In There, Brace for December Expiry - Weekly Wrap-Up (November 22, 2019)

Head Shot of Eric Sprott Weekly Wrap Up

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.”

Product Upselling Spotlight

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, 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.


November 22, 2019 at 7:01 PM
Kathy Pedwell
November 25, 2019 at 2:24 PM
Craig - Love the weekly sessions. Could you ask Eric a question? He always talks about Kirkland Lake, etc. where he has done very well. Just saw that a company has a Sir Harry Oakes property in the same neighbourhood - Sparton Resources (V.SRI) issued a video/press release today about their work at Hawley Lake near Alamos Gold's Young Davidson mine. What does Eric think? The stock is only at 2.5-3 cents. Thanks...
Sherman Garner
November 25, 2019 at 3:43 PM
Of course, is Kirkland a sell here at $40? I'm holding it because of Eric Sprott even though my due diligence at $45 confirmed a buy. Did Eric sell his position?
George Mallay
November 26, 2019 at 9:51 AM
Great insights on the show and I listen most weeks. Klondike Gold has been around for a long time largely searching for a discovery on the same properties. Eric become a significant shareholder but did not take advantage of his latest ability to exercise warrants. Does he still believe Klondike Gold has potential for a large discovery or is the geology just not right? I know there has been some significant intersections but that has been the story for 20 years. I look forward to your reply. Listener George
R Joseph Rathwell
November 27, 2019 at 11:46 PM
Another Excellent Show, Thank you Eric & Craig for making the time
Chris B
December 2, 2019 at 4:25 PM
Do you have a feel for why Continental Gold is taking off right now? Where do you see the upside?
C Goble
December 6, 2019 at 6:40 AM
I would like to get Eric's opinion on Sokoman Minerals regarding their latest release.