It’s Friday the 13th, and Eric Sprott returns to break down all of the “weird” volatility in the precious metals market. In another supersized edition of the Weekly Wrap-Up, Eric and host Craig Hemke discuss all the gold and silver news you need, including:
“Lo and behold, [the Fed] will have increased their balance sheet by $500 billion! So, this would more than offset anything that they bought back when they had their tightening program and put as at new highs in the Fed balance sheet…in supposedly good times! These are the good times. Let’s not forget that. Everything’s ‘wonderful’! The economy’s ‘good’. Inflation is ‘low’. The Fed’s balance sheet? Record high! And I’ll take you back to whenever QE started: ‘Now, it’s only going to be temporary. We’ll normalize things again.’ … Well, here we are, now we’re going to have a record high balance sheet and we have normalized nothing.”
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