Ellis Martin interviews David Morgan. Where they of course discuss Davids favorite subject. Silver. Mainly the near term price targets and how silver has recently broken past $30.00 an ounce. - Source: http://Silver-Investor.com
In this interview with Ellis Martin. David Morgan discusses the four year investigation that the CFTC has been undergoing. This case was recently dropped. Which has caused much outrage in the silver community due to the massive amount of evidence supporting the case.
"In this interview, David Morgan offers his opinion on the very recent purchase of $200 million dollars of physical silver by Sprott as well as China's large procurement of the shiny industrial and precious metal. What does this mean? What is the future of Chinese silver futures? In the middle of the summer doldrums, what about silver and gold stocks? In or stay out?"
"We're still in a long consolidation or basing pattern right now and I feel it will probably continue for a little longer.
I think that perhaps the bottom is actually in for, not only the mining equities (I called that bottom probably in the middle of May or so and so far I am right, but barely, it looks like we might retest it) but also, it looks like the metals themselves probably bottomed very recently.
It is too early to count that because time will tell but I think that we will actually work our way further up over the next several months and, by year's end.
I am looking for the silver to probably be in the $35-$40 range and gold will probably be well up $1750 - $1850 is my best take at this point in time."