• Gold: 1,179.44 4.67
  • Silver: 14.77 0.35
  • Euro: 1.138 0.004
  • USDX: 96.52 -0.224
  • Oil: 65.35 0.37

Weekly Wrap-Up with Eric Sprott

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April 20, 2018 - 3:27pm

It’s been another week of rising inflation and interest rates, but the commodities markets look good, with silver in particular poised for a breakout.

This week, Eric tells you:

• What a possible short squeeze means for you

• Why you should be watching the bond market right now

• And why India might be the next big buyer of gold

“It’s not just the net short position that is important. It’s: What if a Long says to a guy who’s short, ‘I’d like my silver?’ ‘I’d like my metal?’ We have over a billion ounces of short metal in silver. What if the Long simply says, ‘I can see there’s a bit of tightness showing up here in these various metals… maybe I’ll take delivery, thank you very much.’ Of course, as we know, the seller of the silver and/or gold doesn’t have the metals. So, yeah, there’s a very distinct possibility that this could erupt as people are getting more distressed… There are lots of smart guys that worry about the system crashing.”

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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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