Eric Sprott says whether the Fed hikes interest rates in December or not, it will be bullish for gold. Here’s why…
Eric and Craig begin the conversation with the recent gold price smashings. Eric says it’s sickening to see, but at the same time, it’s good to see the price pop right back up.
The conversation then shifts to silver, where it is hard to watch as silver is only up slightly on the year whereas the other metals have rallied like crazy.
After discussing the metals, the conversation turns to the fundamentals of the economy. The fundamentals are deteriorating, and now there are signs of trouble in the stock markets. There is specific focus on the lack of wage growth in conjunction with “shrinkflation” (paying the same but getting less of the good or service).
Finally, there is a recap of the precious metals sector including the miners.