Thursday, May 16, 2019

All Manipulations End: Why The Future Looks Bright For Gold & Silver

“It’s funny how [gold] got smashed. Because it actually went up initially. It went down later, I think when [Powell] made some pro-growth comments in the interview after. But there’s been a lot of criticism of the Fed. 

We had some funny things happen. This IOER, the Inter-Bank Offered Excess Reserve Rate, something like that, was cut, and there’s a lot of suggestions that the Fed is losing control of interest rates. 

We still have an inverted yield curve, which does suggest that there’s no one out there thinking there’s any great amount of growth happening here.”

- Source

Friday, May 10, 2019

Eric Sprott: Think Numbers Don’t Lie? You’re Not Paying Attention

“It’s hard to imagine that [GDP] is actually growing at 3.2%. Particularly with the trade wars and every other darn thing that’s going on, and these companies that are coming out with horrendous reports on how their own business is going. So, I tend not to believe it. 

It looks like the market’s not believing it. As you and I discussed, the bond market’s rallying in the face of it. Gold is rallying in the face of it. So, maybe people are getting wise to looking through the numbers.”

Thursday, May 2, 2019

We’re In A New Bull Market For Gold: Patience is Key

“As you describe, the price of gold going down $20 in the week, it feels worse than that, if you know what I mean. 

And of course the reason it feels worse is it’s gone through a bunch of the moving averages…

I’m sure it’s 100% orchestrated. So I hope everyone can have the fortitude to hang in there. 

Every time I see these very, very sharp declines, you know it’s orchestrated. And typically it’s going to go right back up again. So, we’ll have to stand by and see what happens there.”

- Source, Sprott Money

Saturday, April 27, 2019

Trying Day, Trying Week Make It A Great Time To Buy Gold

“While I’m on the jobs report, the one data point that I did see is that the participation rate went down by .2%. 

Well, I can tell you, .2% of the total workforce available for work, which is about 200 million is like 400,000 people [that] all of a sudden weren’t participating, even though theoretically, 196 [thousand] joined… 

But as you know, I’m not a believer in this data. I think it’s, for the most part, fabricated.”

- Source, Sprott Money

Tuesday, April 23, 2019

Quarter End Reasons To Own Gold Look Great

“I think the most important feature of yesterday’s events was that we have quarter end today for the financial institutions. Let’s just focus for a second on palladium. 

There were about 2.5 million ounces of palladium that they were short; they had lost a lot money on that. 

All of a sudden, palladium is down 200 bucks, somebody is better off by 500 million? 500 million? For quarter end? Oh, how wonderful! Gee, we made it to the end of the quarter and didn’t lose that 500 million… I think quarter end had a lot to do with this.”

Wednesday, April 17, 2019

Don't Let the State Take Your Assets

Even if you've largely opted out of the financial system to reduce systemic risk to your nest-egg, what must you do to prevent your hard-earned hard assets from being taken by the state anyway? 

Rick Rule of Sprott visits Reluctant Preppers this first time to explain why physical precious metals are different, and what additional principles you should incorporate in your plans - and even your location - to protect what you've saved!

Friday, April 12, 2019

Three Steps Forward, Two Steps Back

“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.”

- Source, Silver Doctors

Sunday, April 7, 2019

Synchronized Global Decline, Bad for World, Good for Gold

“It’s worth thinking about this funny situation we have in the world, where everyone’s solution to economic weakness is printing money. The Chinese did it in January. The ECB did it. 

Obviously, the Fed has changed their strategy here. And it’s something that will have unintended consequences. You just can’t print money to solve problems… Who’s going to pay the debt?”

- Source, Silver Doctors

Wednesday, April 3, 2019

Eric Sprott: Lots of Lousy Economic Data

“Lots of lousy economic data. But it’s just the COMEX, man… Luckily, today we’re back up a little. Maybe we’ll get some sanity back in the market. 

But it’s frustrating to have to sit by and watch it. And as I thought about what happens, here we have gold going down 1%. 

The stocks went down 3%! The stocks whose options are expiring today went down 3%. 

When you have an option, it’s that fine line between making money and not making money. 

That last 3% can wreak a little bit of havoc. It’s sickening that it happens. 

It’s just the commercial banks ripping off their customers again… for the sake of today’s profits.”

- Source, Eric Sprott via Silver Doctors

Saturday, March 30, 2019

Beware The Ides Of March? What Stock Prices Are Trying To Tell Us

As we barrel towards the March FOMC meeting, the economic outlook continues to be lousy. Eric Sprott returns to break down all the gold and silver news you need to survive.

In this edition of the Wrap-Up, you’ll hear:
  • What the U.S. presidential race means for gold
  • Why you should be afraid right now
  • Plus: Eric answers your questions about the mining shares

Tuesday, March 26, 2019

The Operative Word For Gold & Silver? Patience

“I’m quite surprised, when you think of the 180-degree turn from about three months ago, and we really haven’t accomplished a lot in gold yet. 

And the more I think about what other people—what investors— must be thinking in the world about what’s happening here… they’re all buying bonds and the yields are going down. As you’ve mentioned, the yield curve gets inverted. 

They’re buying stocks, and quite frankly, I think they’re buying gold. But we have some forces at work in the COMEX that aren’t quite letting us get to where we think we should be.”

- Source, Silver Doctors

Friday, March 15, 2019

The Only Panel Talk On Gold And Mining You’ll Need

Rick Rule, CEO of Sprott U.S. Holdings, joins forces with Amir Adnani, chairman of GoldMining and CEO of UEC, in this panel discussion on the hottest headlines of the gold industry today.

Topics range from the Barrick-Newmont takeover deal, Trump’s third year in office, and their outlook on gold and uranium prices.

- Source, Kitco News