Keep Calm and Buy Gold: Why It’s Not Time to Panic - Weekly Wrap-Up (Nov 08, 2019)

November 08, 2019

It’s been a tough week for precious metals. Gold is down almost $50, silver down $1. But with prices bombing, is it time to panic—or do some bargain shopping? Eric Sprott breaks down all the gold and silver news you need, including:

• Will there be another rate cut in December?

• Why there could be an opportunity in Nickel

• Plus: What to look for in microcap companies

“As you know, I think it sucks! And I would point out to people that you [Craig Hemke] did a great write-up basically predicting this on Sprott Money, because the open interest—and basically all short interest—has gone very, very high there. Record high. And, of course, the natural outcome of that, typically, is that prices get bombed. Which, they have gotten bombed here. But then again, we’ve learned to expect that. We’ve had a couple of days of almost record increases in shortages, so it hasn’t been fun for our side.”