The Commercials Aren’t Done Because They’re Short 400,000,000 Ounces Of Silver

Eric Sprott says that gold & silver investors’ “day in the sun” is coming, but first, the commercials aren’t done cutting their short position. Here’s more…

Eric Sprott interviewed by Craig Hemke on the Weekly Wrap-Up

What a busy week it has been.

With all the fundamental news and the data releases, gold and silver so far look to be set to eek out weekly gains here, and this encouraging, but Eric says that the commercials still aren’t done yet because the open interest is just too high.

There is discussion of the BLS Jobs Report released just today.

Eric and Craig also discuss the latest news of the Fed Chair nomination in Jerome Powell.

Eric points to signs of hyperinflation all around, namely as evidenced by a recent trip and the soaring cost of Bitcoin in fiat dollar terms.

Finally, there is discussion of the mining sector.

Eric is optimistic however, and he says that gold and silver investor’s day in the sun is still coming.