Thursday, June 28, 2018

Bring It On... Eric Sprott On The FOMC Rate Hike

Another week behind us, and Eric Sprott returns from the field to help us interpret it. In this edition of the wrap-up, you'll hear:
The macro fundamentals moving people towards gold.
What you should pay attention to in the mining sector (hint: it's not the news releases).
Plus: Eric's predictions for a volatile week ahead.

"My first thought is: OK, bring it on, baby! Let's have that rate increase. Let's get it over with here. Because typically, I don't think the Fed really could possibly read things as bullish as it might have started the year off thinking. Because it's really not quite coming together. Housing's weak, auto's week, retail sales are nothing special, you've got inflation affecting lots of areas... We have lots of reason for the Fed to be expressing concern. So, fine... Let's bring it on, let's see what happens. And I'm pretty certain that gold and silver will survive yet another rate increase. And prosper, quite frankly."

- Source, Seeking Alpha