From the ongoing bank liquidity crisis to the Fed's renewed QE program, there’s a lot happening in the world of precious metals. And as the U.S. slips towards recession, what can we expect from the final months of 2019?
In this edition of the Wrap-Up, Eric Sprott breaks down all the gold and silver news you need, including:
• The “huge problem” happening under the surface
• Why the mining shares are lagging
• Plus: the looming silver shortage
“I think the biggest takeaway is: why is all of this happening? It started in mid-September when the repo rates shot up to close to 10% one day, which must have sent shudders through anybody in the fixed income market. It’s just crazy that something like that would happen. They fact that they let it happen! The fact that they weren’t aware that it was happening! So there’s this huge illiquidity situation in the banking business which they thought they’d solved….Who knows what’s really going on behind the scenes?”
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