Silver is under-performing gold, but it won't be for long...
Eric Sprott interviewed by Craig Hemke on The Weekly Wrap-Up
August 2, 2019
It's been a great week so far, with the FOMC meeting and U.S. jobs report both proving good for gold. But what about silver? Eric Sprott returns to break down all the gold and silver news you need, including:
What the weak U.S. jobs report means for precious metalsWhy Silver is underperforming-but won't be for longPlus: Eric answers listener-submitted questions"Basically, the report was weak... The thing that's bad for the worker is the average workweek was down .3 hours. Now, people may not think that's much. It's almost 1% of the number of hours that the average person works, which means that collectively everyone made 1% less. And they made .3% more per hour, but they worked 1% less time, so that's not a very instructive number in terms of the total paychecks that were issued.... Kind of weak, I'd say."