“Lots of legs of the economic stool are starting to wobble” — Eric Sprott (Weekly Wrap-up, February 16, 2018)

February 16, 2018

Gold is up $42 on the week, and as the U.S. inches closer to the debt cliff, it’s beginning to feel like 2009 all over again.

“Man, it smells like a bull market here. There are lots of reasons you could imagine people would want to come into this market, and we’ve talked about it before. It’s what I call the bear market in cryptocurrencies, the bear market in bonds, which is becoming exceedingly obvious. And, of course, the little correction in stocks, which is not in a bear market yet, but my God, if it turns into a bear market you only have one bull market! And of course, we’re seeing it not just in gold and silver, we’re seeing it even in the base metals and other physical products. So the market seems to be coming around to, ‘You know, I want to get my hands on something real, here.’ So it portends great things for gold and silver.”

To hear Eric’s full thoughts on the economy, gold shares, and an update on the rush in the Pilbara region, listen here: