Wednesday, November 15, 2017

The Commercials Have Dangerously Shorted Silver in Massive Quantities

With all the fundamental news and the data releases, gold and silver so far look to be set to eek out weekly gains here, and this encouraging, but Eric says that the commercials still aren’t done yet because the open interest is just too high.

There is discussion of the BLS Jobs Report released just today.

Eric and Craig also discuss the latest news of the Fed Chair nomination in Jerome Powell.

Eric points to signs of hyperinflation all around, namely as evidenced by a recent trip and the soaring cost of Bitcoin in fiat dollar terms.

Finally, there is discussion of the mining sector.

Eric is optimistic however, and he says that gold and silver investor’s day in the sun is still coming.