Wednesday, September 9, 2009

"Alot of Financial turmoil ahead"

Major banks must report on their toxic assets this month, and David Morgan was heard saying on the Korelin Report over a weekend interview that he believes these assets are going to reflect their low value. Which may cause a sell off in the broad markets.

Also in the interview David speaks of the recent rally in the price of Gold and Silver and believes we may see a short term rally then a pull back and is quoted saying that "it may come back down more than people are thinking" but he expects a long term trend upwards.

This interview may be heard on the Korelin Report.