• Gold: 1,255.13 -0.67
  • Silver: 15.97 -0.07
  • Euro: 1.175 -0.001
  • USDX: 93.932 0.443
  • Oil: 57.26 0.11

Eric Sprott Talks Global Demand for Metals, Impact in 2018

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December 1, 2017 - 10:30am

With metals up and down, it can be easy to think that the market won't rise. However, Eric Sprott talks gold and silver, the COMEX, and the potential for a rally in 2018.

The global precious metals demand is through the roof, Eric says. "There's a serious misallocation of physical gold and silver," he says. "This is not a little bit [of silver]. This will be interesting for us to study this whole play that's going on and the movement of the physical delivery."

And what about Bitcoin? "Most Bitcoin people don't know how bad [Bitcoin futures] would be," Eric says. "The reason [Bitcoin can rally] is it's essentially a closed loop."

Want to know more about the December contracts, their effect on the market and trade, geopolitics, Bitcoin, and more? Listen to Eric and Craig Hemke on this week's Wrap-Up.

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About Eric Sprott

Eric Sprott is Chairman of Sprott Inc., CEO, CIO and Senior Portfolio Manager of Sprott Asset Management LP and Chairman of Sprott Money Ltd. Eric has over 40 years of experience in the investment industry.

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