• Gold: 1,426.40 0.88
  • Silver: 16.32 0.12
  • Euro: 1.121 -0.001
  • USDX: 97.151 0.358
  • Oil: 56.27 0.65

“Everything is going down.” Why you need to own gold bullion right now, Weekly Wrap-Up

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December 21, 2018 - 3:37pm

It’s four days to Christmas, and gold is up $20 on the week. Does that mean the December rally has begun? Eric Sprott stops by to break down all the gold and silver news you need heading into 2019, including:

  • Which company delivered an ominous warning for the market
  • Why silver may be setting up for a tremendous run.
  • Plus: signs that the big run for gold has already started

 

“More important than the gold going up is what else is going on. It’s funny how the macro-theory all along suggested that when the Fed stopped their quantitative easing and rates went up—but particularly the quantitative easing, where they go from quantitative easing to quantitative tightening—that one should have expected the stock market to roll over. Because the whole 2009 to 2018 was essentially a fraud created by the Fed, by doing things that no one in the history of the financial world had ever heard about before: printing money and having zero or negative interest rates. Well here we are. Now we’re doing the opposite. Are we surprised that stocks are going down? Well, we shouldn’t be.”

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About Eric Sprott

Eric Sprott is Chairman of Sprott Inc., CEO, CIO and Senior Portfolio Manager of Sprott Asset Management LP and Chairman of Sprott Money Ltd. Eric has over 40 years of experience in the investment industry.

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