Loading...
Profile image
Story Views
Now:
Last Hour:
Last 24 Hours:
Total:

Something’s brewing behind the scenes inside banks.

% of readers think this story is Fact. Add your two cents.


says Eric Sprott.

One of the things working in favor of the precious metals sector is a looming shortage of silver.

“There is going to be a shortage of silver. We get information from dealers looking for supply and paying premiums, which is almost unheard of. And when I look at the amount silver going into ETFs and going into India, there is no way that there is not going to be a shortage,” Sprott highlighted.

On top of that, there is “a huge problem” happening under the surface — the ongoing bank liquidity crisis and how the Federal Reserve is responding to it.

Loading...

“There’s something happening underneath the surface where bank illiquidity is encountering a huge problem, and we are not being told. Who knows what’s going on behind the scenes? The most likely thing is somebody has blown up their derivatives book, and all the banks are calling in loans to other banks for fear … of the domino effect. The repo market has come under tremendous stress,” Sprott said.

The problem became visible to investors in mid-September when the repo rates surged close to 10%, he added.

“The 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 solved,” Sprott said.

Be ready to be surprised when it comes to the precious metals market, said Eric Sprott, billionaire precious metals investor and founder of Sprott Inc.

The world is getting used to gold and silver at their new price levels after a summer rally and more surprise could soon be in store for the precious metals sector, said the legendary investor during Sprott Money’s Weekly Wrap-Up on Friday.

Facebooktwitterredditpinterestlinkedinmail



Source: http://tapnewswire.com/2019/10/somethings-brewing-behind-the-scenes-inside-banks/
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Support BeforeitsNews by trying our natural health products! Join our affiliate program
Order by Phone at 888-809-8385 or online at
www.mitocopper.com


Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

APeX - Far superior to colloidal silver! Destroys Viruses, Bacteria, Pathogens with Oxygen plus Silver!

Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!

Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)


FINAL WARNING!  Diseases are EXPLODING!  Watch this Video about APeX and You'll THROW AWAY Your Colloidal Silver!  APeX destroys Viruses, Bacteria and other Pathogens with the power of Oxygen PLUS Silver!  Nobody else has a product like THIS!   See why the inventor hasn't been sick in 16 years and why you'll never hear about it on the FAKE NEWS!  Get some now and tell your friends about it too so we can reach more people!  


APeX Interview - Superior to Colloidal Silver from Lee Canady on Vimeo.


Learn about APeX Here and Get the 50 Page Report in PDF format.   Call us at 888-809-8385 to order by phone.



Report abuse
Loading...
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Loading...
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.