Eric Sprott: I Expect Silver More Than Gold To Be The Anti-US Dollar Trade This Year
from SilverDoctors:
Eric says that belief in the currency is quickly diminishing, and this bodes will for gold, and especially for silver. Here’s the details…
Eric Sprott interviewed by Craig Hemke on The Weekly Wrap Up
Precious metals are off to a great start here in 2018: gold has been up for fourteen of the past fifteen days and silver had a strong 2017 as well. What’s the secret?
Eric believes it’s dollar-related. “The U.S. dollar has been very, very weak. The economy is not really showing great signs of doing anything, quite frankly. It’s kind of coasting along. You have a new tax plan which is going to increase the deficit considerably…. Lot’s of people know there’s a high degree of recklessness going on at the federal government level. And people are losing confidence in currencies.”
Add to that a weak U.S. jobs report, anemic wage growth and higher-than-suggested inflation, and “it’s very difficult for the U.S. consumer to kind of hold it together here.”
After a run-down of how the commodities markets will benefit from the anti-dollar sentiment, this week’s wrap-up also includes a lengthy discussion on the “exchange for physical” phenomenon off of the Comex that you won’t want to miss.
Finally, Eric closes out with a brief chat about what’s going on with palladium.
Read More @ SilverDoctors.com
Source: https://www.sgtreport.com/articles/2018/1/6/eric-sprott-i-expect-silver-more-than-gold-to-be-the-anti-us-dollar-trade-this-year
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