Eric Sprott on Canada's Greatest Gold Discovery

Eric Sprott visited Gander in April 2023 and delivered a keynote address. His first public speech in 5 years and it didn't disappoint. 

Amanda McCallum President of Ignite education Inc reached out to him and he came. He said in his keynote " I think that what might happen here will be truly significant on a world basis!"

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Sprott Money Ask The Expert - Lyn Alden

Lyn Alden of Lyn Alden Investment Strategy joins us to answer your questions and Fed policy, commodities and precious metals.

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Sprott Money: Big Shift Coming in Markets, but Not in Precious Metals

It’s been another tough month in a difficult year, but there are some positive signs in the stock market. 

When will the precious metals see them? Host Craig Hemke and analyst Chris Vermeulen of the Technical Traders break down all the charts you need to get through the dog days of summer.

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Sprott Money: How to Think Clearly in a Volatile Precious Metals Market

As we close the books on June, precious metals are flipping, flopping, and grinding lower. What’s an investor to do? 

Host Craig Hemke and Real Vision co-founder Grant Williams break down the month’s gold and silver news to help you keep your head amid all the volatility.

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Rick Rule: The Ending Of An Era, 40-Years of Stability Is Over, Expect More Volatility & Conflict

The tide has shifted. After 40-years of relative stability, markets and the general financial system is entering a new era of volatility and conflict. 

"The period of 1982 to 2022 was probably the easiest period known to humankind," says legendary investor Rick Rule, "I would argue it's over." In this environment, "I am delighted to own bullion."

- Source, Liberty and Finance

Sprott Money: Big Rally Coming in Gold and Silver?

Many of us will look back at the month of May as a great opportunity to have added precious metals. 

But what does June have in store for gold and silver? Host Craig Hemke and analyst Chris Vermeulen of the Technical Traders break down all the charts you need as we kick off the summer months.

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Rick Rule: Investing Amid Shattered Market Confidence

"The volatility I think will continue and accelerate," says legendary investor Rick Rule, CEO of Rule Investment Media. 

In such an environment, understanding real value - instead of basing investment decisions on emotion - is imperative. 

"In the near term in a liquidity crisis," he says, "everything falls like a boulder off a bridge. That which has real value recovers, and can recover very, very, very quickly."

- Source, Liberty & Finance

A Different World Coming for Monetary Policy, Gold and Silver

It’s been a doozy of a month: Gold went straight down the elevator shaft five weeks in a row after an Easter bounce, while silver continued its sideways ten-year run. 

Will things turn around in June? Host Craig Hemke sits down with Tavi Costa of Crescat Capital to break down the month’s gold and silver news.

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Sprott Money Ask The Expert May 2022, Frank Giustra

Sprott: Take Advantage of the Dips, Precious Metals Future Projections

The dollar is up, and silver is way down since Easter. And the stock market? Yikes. Host Craig Hemke and analyst Chris Vermeulen of the Technical Traders break down all the charts you need to navigate the coming bear market.

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Sprott Money: Love the Weakness When It Comes and Buy More

It’s been a tumultuous month, with a market correction where all the latecomers got flushed fast. Does this mean the bull market is over? Host Craig Hemke sits down with Dave Kranzler of The Mining Stock Journal to break down all the month’s gold and silver news.

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Financial Market Equivalent of the Big Bang?

The confiscation of Russian reserves and the Russian response — unleash a chain of events leading up to the financial market equivalent of the "Big Bang"? 

An excellent Doomberg article3 states that a "singularity" or Big Bang means that what "transpires on either side is unknowable from here." If so, the financial market playbook following the Global Financial Crisis, in which the Fed provided liquidity through expansion of its balance sheet by driving financial asset valuations to unheard of extremes, must be tossed aside. 

Fed policy would no longer be the fulcrum of financial markets. Counterparty distrust would disconnect real assets from nominal claims. A financial market Big Bang could trigger a long-term decline in the financialization of commodities, including gold.

The traditional framework for understanding the economy, inflation, interest rates and other macroeconomic forces assumed an international order based on the U.S. dollar as the primary reserve currency. 

The Russia-Ukraine War could mark a tipping point that significantly diminishes the pool of offshore capital to finance U.S. deficits. The repercussion would be a severe mismatch between supply and investment demand for U.S. Treasuries. Two additional factors will exacerbate the mismatch: aggressive Fed balance sheet reduction and unexpectedly high deficits caused by the impending recession.

The Fed's Torturous Path

Given the negative supply and demand picture against a backdrop of persistent high inflation, one must ask, how high do interest rates need to rise to compensate rational investors? That level is most likely greater than whatever the Fed has determined to be the so-called "neutral rate." It is likely to be high enough to cripple the economy and deflate financial assets. 

The road to equilibrium interest rates promises to be far more torturous than that contemplated by the investment consensus. Thanks to Putin's currency gambit, that road has become the central investment issue of the moment. The belief that Fed policies are adequate for the task seems highly flawed. Respected observers, including Mohamed El-Erian,4 have concluded that it will be impossible for the Fed to thread the needle between taming inflation and causing a recession.

Since the June 2021 Federal Open Market Committee (FOMC) meeting, the prospect of higher interest rates, as per the policy design of the Fed, has been the major headwind for gold. We now believe that rising rates, driven by market forces, will become the tailwind. Investors have been able to overlook the negative investment outlook for debt and interest rates as long as the Fed and foreign investors have absorbed the flows. Now that these two sources of demand could be drying up, they may not be able to handle the truth.*

The state of U.S. sovereign debt is precarious and can no longer be swept under the rug. U.S. debt-to-gross domestic product (GDP) is now the highest in history (Figure 4). The stage is set for a significant devaluation of the U.S. dollar against gold, in our opinion. Investors must act accordingly.

In conclusion, it is our opinion that the investment fundamentals have improved dramatically for gold. That is why, in our opinion, significant upside lies ahead for gold bullion and gold mining equities (Figure 5).

Figure 4. U.S. Federal Debt to U.S. GDP (1789-2022)


Source: MacroTrends and Bloomberg as of October 2021, the latest available data at the time of writing. Reflects the average of debt/GDP per calendar year, with the exception of the October 2021 data point. Included for illustrative purposes only. You cannot invest directly in an index. Past performance is no guarantee of future results.

Figure 5. Gold Miners Offering Deep Value versus Gold Bullion (1987-2022)

Gold mining equities are now near a 35-year low vs. gold.

- Source, Sprott