Platinum is taking investors by surprise with its unexpected September rally, rising nearly $100 during the past two weeks. On Tuesday, platinum surged nearly 3% on the day, with October platinum breaching $980 an ounce. At the time of writing, October futures were trading at $983.80, up 0.16% on the […]
Tag: precious metals
Today’s Pain Is Tomorrow’s Gain: What’s Happening in Precious Metals Right Now – Weekly Wrap Up (Sep 11, 2020)
Pinch-hitting for Eric Sprott this week is Bob Thompson, a Senior Vice President and portfolio manager from Raymond James in Vancouver. Bob and host Craig Hemke break down all the gold and silver news you need to understand the current macroeconomic situation and the ongoing bull market in precious metals […]
Eric Sprott takes 2.3% stake in First Majestic Silver, valued at C$78 million
The silver market continues to heat up and one billionaire investor continues to increase his exposure to the precious metal through the mining sector. Thursday, First Majestic Silver Corp. (AG: NYSE; FR: TSX) announced a bought deal where Eric Sprott will buy 5 million shares of the silver producer, the […]
Gold, silver and platinum hold support
Gold, silver and platinum held support on Thursday, showing that they are not going straight down. However, the facts are simple: the metals are weak and have a great potential to break hard to the downside. There is no doubt that there are reasons to own gold. However, price action […]
Summer Doldrums Set to Give Way to “Crazy” September for Precious Metals – Weekly Wrap Up (Aug 28, 2020)
After a typically-quiet late August week, it’s time to look ahead to what promises to be a busy month of September for precious metals investors. Host Craig Hemke and legendary investor Eric Sprott break down all the gold and silver news you need as we head into an action-packed fall. […]
Gold, silver see strong price rebounds on “inflation trade”
Gold and silver prices are trading sharply higher in early U.S. trading Friday, following a wild session Thursday, in which the yellow metal’s price was up over $30 at one point and down over $25 at another. It appears metals traders to end the week are focusing on the bullish […]
The Dog Days of Summer Fetch Quiet Week for Precious Metals – Weekly Wrap Up (Aug 21, 2020)
After a “ho-hum week”—silver’s slightly up, gold not down much—host Craig Hemke and legendary investor Eric Sprott break down all the gold and silver news you need as we look ahead to what promises to be an exciting fall. In this edition of the Weekly Wrap-Up, you’ll hear: The latest […]
You can’t call this market normal – Peter Hug
“Regarding the sharp sell off on Wednesday, Hug lays the blame on lots of long positions that needed lightening ahead of the Fed announcement. “They were just making sure that if the Fed said something different…they would be able to take some money off the table. And I think that […]