Lows in gold, Comex curiosities - it's been an interesting week for precious metals. Whether or not there will be a rally in 2018 remains to be seen, but if history is anything to go by, there just may be a lift in the market as we turn the calendar to the new year. Eric Sprott thinks so, too.
"It's been a pretty good week so far," he says. "It's interesting and sort of sickening in a way that the commercial banks, who were shorting gold and silver, can use these Fed meetings as an excuse to knock gold down to raise rates.
That's their cover, right? That's their cover for their illegal trading activities, the minute the shorts knock the prices down and the Fed raises rates, up she goes. What a massive turnaround in as little as two weeks."
- Source, Sprott Money