Eric Sprott: When Stocks Go You Will Have Only One Bull Market Left And That Will Be In Gold & Silver

Eric says it smells like a bull market. Everything else is in a bear market, except for stocks, but when stocks enter it, we’ll only have one bull standing…

Eric Sprott interviewed by Craig Hemke on The Weekly Wrap Up

Gold is up $42 on the week, and as the U.S. inches closer to the debt cliff, it’s beginning to feel like 2009 all over again.

“Man, it smells like a bull market here. There are lots of reasons you could imagine people would want to come into this market, and we’ve talked about it before. It’s what I call the bear market in cryptocurrencies, the bear market in bonds, which is becoming exceedingly obvious. And, of course, the little correction in stocks, which is not in a bear market yet, but my God, if it turns into a bear market you only have one bull market! And of course, we’re seeing it not just in gold and silver, we’re seeing it even in the base metals and other physical products. So the market seems to be coming around to, ‘You know, I want to get my hands on something real, here.’ So it portends great things for gold and silver.”