Eric Sprott provides analysis of recent developments in the gold and silver markets as well as commentary on some of his recent investments. Click On The Image To Listen This Edition of the Weekly Wrap-Up:
Market Analysis
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Gold bounces as expected
On Thursday, gold, silver and platinum were hit with some heavy selling and a reversal. They were all hit after rallying early and when the day was over, it was an ugly day. All three came down to support, but buyers are stepping in this morning. Gold was hit the […]
Gold, silver up on safe-haven demand amid gloomy economic outlooks
Gold and silver prices are solidly up in midday U.S. trading Thursday. Safe-haven demand is featured late this week as global stock markets have become shaky again. A growing number of economists are now projecting longer recovery periods for major world economies, highlighted by Federal Reserve Chairman Jerome Powell Wednesday […]
Sprott Money News Weekly Wrap-up – 5.8.20
Eric Sprott discusses factors driving precious metal prices higher and assesses the terrific performance of the mining shares. Click On The Image To Listen This Edition of the Weekly Wrap-Up:
Gold rally got a little carried away’ – DeCarley Trading
The gold market is struggling to find consistent momentum and it may be time for the red hot metal to cool down, according to Carley Garner, co-founder of DeCarley Trading. Garner said that after gold’s run, which saw prices hit a 7.5-year high last month, a correction would be healthy. […]
Physical gold demand falls in 1Q; investment may fuel rally to $1,800/oz – Refinitiv
Physical demand for gold – consisting of jewelry, industrial uses, central-bank purchases and retail buying of bars and coins – fell by 26% year-on-year to 753 metric tons in the first quarter, the lowest level since 2009, as high prices led the drop in consumption, said Refinitiv Thursday. Nevertheless, demand […]
Gold, crude, grains in free fall
Out of nowhere, almost all markets are in danger of collapse. I certainly don’t want to give dire predictions, but the market action doesn’t lie; there are problems out there. There is nowhere to run, nowhere to hide. Goldreversed $30 from its high in minutes; silver and platinum did the […]
Gold prices soar to 7.5-yr. high as Fed drops “atomic bomb”
Gold prices are trading sharply up and at a 7.5-year high near $1,750 in midday U.S. futures trading Wednesday, on safe-haven demand amid a global economy that has lurched into recession and possibly into depression. More scary U.S. economic data out today, as well a mammoth Federal Reserve stimulus package […]