Close to the Low in Gold and Silver? (Podcast)
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An unsettled presidential election, the U.S. Senate up for grabs, and a Covid vaccine that may or may not be on the market soon… With so much uncertainty roiling the markets, what’s an investor to do? Former money manager and Sprott Money contributor David Brady sits down with host Craig Hemke to break down all the gold and silver news you need to see your way through the fog.
In this edition of the Weekly Wrap up, you’ll hear:
- Why massive fiscal stimulus is inevitable—and good for metals
- Which metal will outperform gold in 2021
- Plus: If there’s a vaccine coming, why own gold?
“The main drivers of the markets these days, in my opinion, are obviously the macro-factors. And what are they? The presidency and the uncertainty around who will be president. I know the mainstream media has named Biden as president-elect, but it isn’t official yet. And Trump is still working on the legal side of things with Sidney Powell, so we’ll see how that plays out. Markets hate uncertainty, so until that’s resolved we could see some more volatility going forward and some more pressure on the metals.”