“All other assets got crushed.” - Eric Sprott on gold’s great week - Weekly Wrap Up (October 12, 2018)

October 12, 2018

Our intrepid world traveler returns this week—and just in time! Gold is up after its best day in nearly two and a half years, but is it time to celebrate yet? Don’t miss this value-packed edition of the Wrap-Up, where you’ll hear Eric’s thoughts on:

• Gold’s recent surge
• President Trump’s impact on the Fed
• Plus: what Eric learned in Australia
  

“You can’t have the markets for 90% of the world’s populations crashing, and one market NOT crashing. Because people have to sell things, and when there’s a liquidity, you sell the winners, OK? So lots of people own lots of U.S. stocks, and if all the European stocks or all the Asian stocks are down, they’re going to be leaning on their U.S. positions. The Fed has to be very cognizant of what’s going on around the world, and I think what’s going on around the world is: These rates are starting to hurt.”