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Eric Sprott discusses why there is truth in the "peak gold" theory

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July 13, 2018 - 12:08pm

It’s been a rough week in precious metals, and it seems fitting that we end on Friday the 13th. Eric returns to break it all down for you and find the bright spots in the clouds.

In this edition of the wrap-up, you’ll hear:

  • The strange thing happening in the silver market
  • Why there is truth in the “peak gold” theory
  • How to make money in a tough market

 

“I’ll tell you what I think is probably going on. When we look at the bank earnings, they say, well we need volatility in markets to make money. And you need to read through that. Well, why would you need volatility? Because we’re going to get you one way or the other, OK? And if we can get something to go up, great. If we can get something to go down, great. And would I imagine that the banks are on the other side of the trade? Yes, I would. And do they have the money to pull it off? Yes, they do… If you’ve got unlimited pockets, you can make things do whatever you want over a very short term basis.”

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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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