Something’s brewing behind the scenes inside banks.
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.
“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.
Source: http://tapnewswire.com/2019/10/somethings-brewing-behind-the-scenes-inside-banks/
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.
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.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,707,307,957 |
| Stories: | 8,447,659 |
Whistler Blowers, Insiders
