Quarter End: Reasons To Own Gold Look Great - Weekly Wrap-Up (March 29, 2019)
March 29, 2019
It’s the end of the quarter for financial institutions today, but what effect will that have on precious metals? Eric Sprott breaks down all the week’s gold and silver news in a wide-ranging discussion you won’t want to miss.
On this edition of the Wrap-Up, you’ll hear:
• Who got squeezed at the end of the quarter
• Why the mining sector is struggling
• Plus: The effect of the Mueller report on gold
“I think the most important feature of yesterday’s events was that we have quarter end today for the financial institutions. Let’s just focus for a second on palladium. There were about 2.5 million ounces of palladium that they were short; they had lost a lot money on that. All of a sudden, palladium is down 200 bucks, somebody is better off by 500 million? 500 million? For quarter end? Oh, how wonderful! Gee, we made it to the end of the quarter and didn’t lose that 500 million… I think quarter end had a lot to do with this.”
Ask Eric a question by following us on Twitter (www.twitter.com/SprottMoney) or Facebook (www.facebook.com/SprottMoney) and post to us using the hashtag #AskEricSprott
For more info, contact us at submissions@sprottmoney.com
Don’t miss a golden opportunity.
Now that you’ve gained a deeper understanding about gold, it’s time to browse our selection of gold bars, coins, or exclusive Sprott Gold wafers.
About Sprott Money
Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.
Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.
Learn MoreYou Might Also Like:
Comments