Three Steps Forward, Two Steps Back: What A “No Fun Week” Means For Gold – Eric Sprott

March is here. It’s hardly coming in like a lion. Silver is flat on the year, and Gold is only up about $20. Will precious metals roar back? Here’s Eric…

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

March 1, 2019

The month of March is here, but it’s hardly coming in like a lion. Silver is flat on the year, and Gold is only up about $20. But will precious metals roar back?

In this edition of the Wrap-Up, Eric Sprott breaks down the week’s gold and silver news, including:

  • What’s behind the current pullback.
  • The surprisingly good silver news from the U.S. Mint.
  • Plus: the latest on the shares, palladium, and more.

“The thing I found most interesting is how all of a sudden, on the financial networks, the narrative has changed. And the narrative, in the words of the data folks, always follows performance. And the narrative now is: ‘Oh! Yields are going up. Stocks are going up. We must have some kind of economic recovery going on!’ … And all of a sudden the need to have gold is diminished. I would suggest that the reason we’ve had this turn… is because the People’s Bank of China instructed their banks to lend 30% more to small businesses this month.”