No Return to Normal: Why The Economic Wasteland is “Dramatic” - Weekly Wrap Up (June 12, 2020)

June 12, 2020

After a wild and crazy week in the stock market, is it any surprise precious metals are rallying? Host Craig Hemke and Eric Sprott break down all the gold and silver news you need as we head into an uncertain summer.

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

• The one thing you should fear right now
• Why July will be a “big month” for gold and silver
• Plus: What to focus on when evaluating the shares

“We’ve got a continuation of the gold rally here this morning. I think the closing high on the spot retail sales is 1748 and we’re within spitting distance of that… so it should be good. I think the market breaking yesterday, of course, should be positive for people who care about safety. And it looks like that’s playing out here today. Unfortunately for all of us, this COVID-19 is not going away quickly. And in fact, the biggest concern in the market is this supposed second wave. And of course we’ve seen 22 states that have dramatically increasing cases, which is a very, very bad sign.”