“You can smell the breakout.” - Eric Sprott on precious metals (Weekly Wrap-Up - April 27, 2018)

April 27, 2018

It’s been a tough few days for Toronto, and the Sprott Money family sends their condolences to the victims of this week’s tragedy.

On this edition of the wrap-up, Eric Sprott stops by to talk the latest moves in precious metals. You won’t want to miss:

• The positive fundamentals that should drive prices in the future
• Why the “Bond King” keeps talking about gold
• Which mining region gives Eric a sense of déja vu

“We don’t have the economic strength that everyone is suggesting that we have. Even 2% growth is pretty paltry here … A lot of it is because of government spending money that they don’t have. Which helps GDP, by the way. But sooner or later, if you’re spending money you don’t have, you’re not going to be able to spend it the next time, because you truly don’t have it. And the bond market’s going to make you pay for the money, and then you’ll come to your senses and stop spending. So I think… we’re all going to find out that the rising market was built on false premises.”

To hear Eric’s full thoughts, listen here: