Eric says the amount of metal shifted from COMEX responsibility to London is monstrous. Eric’s not sure where all this metal is going to come from…
December 1, 2017
With metals up and down, it can be easy to think that the market won’t rise. However, Eric Sprott talks gold and silver, the COMEX, and the potential for a rally in 2018.
The global precious metals demand is through the roof, Eric says. “There’s a serious misallocation of physical gold and silver,” he says. “This is not a little bit [of silver]. This will be interesting for us to study this whole play that’s going on and the movement of the physical delivery.”
And what about Bitcoin? “Most Bitcoin people don’t know how bad [Bitcoin futures] would be,” Eric says. “The reason [Bitcoin can rally] is it’s essentially a closed loop.”
Want to know more about the December contracts, their effect on the market and trade, geopolitics, Bitcoin, and more? Listen to Eric and Craig Hemke on this week’s Wrap-Up.