Jobs Report Has Major Implications for Precious Metals - Weekly Wrap Up

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With a lackluster jobs report coming in well below expectations, inflation fears are back—and so are precious metals. Host Craig Hemke sits down with David Morgan of The Morgan Report to break down all the gold and silver news you need to understand where we go in the weeks ahead. 

In this edition of The Weekly Wrap-Up, you’ll hear:

• How copper fits into the overall picture
• David’s thoughts on the miners
• Plus: Is the world awash in silver?

“If you look at gold… gold’s at a twelve-week high. We’re above 1800… the market hasn’t closed; we’re doing this Friday morning, but I think it will [close above there], so that’s very bullish. And in silver, as you said, up 6%. So I think both the metals are pretty close to breaking out here. I don’t want to get too excited—there’s so many times we’ve seen a fakeout and not a breakout. The CoT is not super-favorable to further highs, but I think it’s favorable enough we can certainly see it, so I’m still very bullish to metals longer term…”  

To hear David’s full thoughts on the week’s gold and silver news, listen here: