Toronto, ON / August 7, 2020 / JMN Wire /It’s been a great week, with silver up $3.50 and gold up $70. But is the surge over or will there be greater gains in the weeks ahead? Host Craig Hemke and legendary investor Eric Sprott break down all the gold and silver news you need to navigate this incredible period for precious metals.
In this edition of the Weekly Wrap Up you’ll hear:
- Why it’s “all about the silver”
- What’s causing the shares to lag
- Plus: the “hell of a deal” out there now
“Let’s deal with the most important data that we had last week. Unfortunately for our listeners, this data came out at 3:30 in the afternoon on Friday. And it was the Commitment of Traders report that basically suggested that the commercials were buyers of gold and silver at nice, big fat losses for the first time ever in probably 35 years. And they still have a major short position. One of the guys I read, he describes it as an event that has happened ‘never times before.’ Like, it’s never happened before!”
Junior mining companies discussed:
- Jaguar Mining (TSX: JAG)
- AbraPlata Resource (TSX.V: ABRA)
- Spanish Mountain Gold (TSX.V: SPA)
- Brixton Metals (TSX.V: BBB)
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.
Originally published at SprottMoney.com
