A “Miraculous” Turnaround in the Economy? Don’t Believe It - Weekly Wrap Up (June 5, 2020)

June 5, 2020

Gold and silver are down this week, thanks to a “miraculous” economic recovery. But on a street level, the outlook is much different. In this edition of the Weekly Wrap-Up, host Craig Hemke and Eric Sprott break down all the gold and silver news you need to cut through the noise, including:

• Why “nothing good is happening” despite the numbers
• The catalyst that might break price out of the current range
• Plus: Eric’s thoughts on the shares

“The riots were better than expected. The job numbers are better than expected. Interest rates have gone up, which is undoubtedly better than expected. Everything’s better than expected! So, you know, you have to buy stocks and obviously sell gold here, because things are going so well! … I’ve always said I don’t ever believe these employment numbers. Never have, at any time. And of course, now I just find it totally ridiculous to think net jobs were up in May. I’m just shaking my head at it.”