“That’s The Volatility They Need To Make Money. Wash, Rinse, Repeat” – Eric Sprott On Banks And The Markets

“It’s bad enough being down to 1216 or 1217, wherever we’re trading right now. But it’s the process we’re going through. As you know, I’ve…”

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

The “beleaguered” Eric Sprott returns this week to discuss the latest and not-so-greatest in the precious metals markets. But it’s not all bad news! In this edition of the wrap-up, you’ll hear:

  • Why Eric remains calm about gold prices
  • What the trade war means for markets
  • How the U.S. midterm elections could affect everyone

“It’s bad enough being down to 1216 or 1217, wherever we’re trading right now. But it’s the process we’re going through. As you know, I’ve expressed many times before that whenever the commercial banks say, ‘We need volatility in markets,’ well… they’re getting it! And of course they orchestrate it, I believe. And that’s exactly what we’re going through, with not only gold and silver. We see it in the oil market, where it got up to 77 and everyone gets excited, it’s going to break out, and bang! It’s down ten bucks three weeks later… So, here we are. Who knows when we get off of it.”