"From a long term perspective, Morgan sees gold doubling to $2000 per ounce at a minimum.
And while it's impossible to predict the market for any term, short or long, Morgan notes some indicators suggest that gold may be peaking in the very near term. What concerns him about this is that silver and the underlying main equities do not appear to be confirming this move.
Also, having diligently studied the commodities side and seeing the positioning between the professional and amateur investor, Morgan feels there may be a pull back in gold over the next few weeks.
While cautioning again that no one knows if this pull back will materialize, Morgan says, "I think we're getting a little ahead of ourselves in the gold market right now."
David Morgan is the founder and creator of the Morgan Report, and often quoted as the most influential and knowledgeable person in the Silver Investment community. He is interviewed worldwide for his knowledge.