Paper Silver is NOT Physical Silver

David Morgan discusses how the bankers get away with blatant manipulation in the financial markets. Especially that of gold and silver. David Morgan clearly makes the point, "paper does not equal physical". If you don't hold it in your hand. You don't own it.

- Source, Silver Investor:

http://www.silver-investor.com

The Last Gold Bull Market

During the interview, David spoke towards first-hand observations made during the 70′s metals bull market, and the conviction it takes to remain positioned while most others have thrown in the towel. Those with a clear understanding of the fundamentals according to David, are most able to participate in the ultimate market “acceleration point”.

- Sources:

http://www.silver-investor.com

http://bullmarketthinking.com

The Hunt Brothers Silver History Lesson

David Morgan discusses the Hunt Brothers on Butler on Business.

- Source:

http://www.silver-investor.com

Silver Supply is Still Tight

Overall, is the market still tight on the silver supply and the answer is yes. It is. But is it so tight that someone buying another box of silver eagles is going to take the market higher? No, it’s not that tight. But overall, it’s still I think a better investment than gold relatively speaking because it has been more beat up than gold.

However, both silver and gold, particularly silver are at the margin right now. The margin means what it costs a primary silver producer to get it out of the ground and refined. It’s around $22 an oz. and that’s where we are. So anytime you can buy a commodity at or below, especially below the cost of production, and have some patience, you’re going to make some money.

I don’t think it can go a lot lower than it is right now. I wouldn’t say that it can’t but it wouldn’t stay there for very long. You can’t run any business at a loss for a long time. It can happen for a while and you can suck it up and move on but again, it won’t last for a very long time.

- Source, David Morgan via Silver Seek:

http://www.silverseek.com/article/david-morgan-%E2%80%9Cduring-last-bull-market-lot-people-gave-100-gold%E2%80%9D-12589

Chance Favors the Prepared Mind

I think once we get through this overhead resistance which again is going to take time when you see silver get above $26 oz. and gold above $1550 oz. That was the breakdown point. That was the point where just about everybody and some of the most ardent bulls gave up on the market.

Those levels held support for a long time before they broke through the downside. Once we achieve and maintain that level on the upside, and once we build a base, we’ll start moving higher.

Then I think a lot of smart money that has left the sector will start coming back in. Once that volume picks up, then I think you’re going to see a lot more upside. But again it’s going to take time but if you know these things ahead of time--one of my favorite quotes is, “Chance favors the prepared mind.”

If you really think through what’s going on, fundamentally things haven’t changed. I mean they just announced Janet Yellen to take over from helicopter Ben. This is something that people should consider. She’s very much a dove, at least what she says. We wrote about her in The Morgan Report last month. Certainly most people are expecting easier and easier monetary policy out of the Fed for a while with her at the helm.

So again the fundamentals, to keep stressing.

- David Morgan via Silverseek:

http://www.silverseek.com/article/david-morgan-%E2%80%9Cduring-last-bull-market-lot-people-gave-100-gold%E2%80%9D-12589

Acceleration in Price to the Upside

There’s higher lows going back the last three months on the XAU, the HUI and the GDX. They’re so low right now, but we don’t know if the bottom is in or not, but it sure looks like it to me.

As far as the metals go, I’m pretty sure that the key reversal on the 28th of June was it. But again, time will tell. I mean everyday they trade above that shows that that was the bottom. We’re at $22 oz. on silver which is a far cry from the $18.37 oz. or whatever it hit in intraday but it’s not untypical of a major bull market like we’re in to get a massive pullback like we’ve seen.

Gold as you said – I think it was September two years ago and silver actually peaked before gold, at the $48 oz. level around the first of May 2011. So it has been really trying on metals investors over the last couple of years. Again, this isn’t that uncommon. I recall in the first bull market – I’m that old – that we saw gold from its official fixed price unleashed in ’71 move all the way up to $200 oz. over time.

Then under William Simon’s time at the treasury, it sold off substantially and moved down to just a cat’s whisker over $100 oz. I remember the gnashing of teeth, people couldn’t believe that gold had been at $200 oz. and it’s now at $100 oz.

A lot of people gave up and it took some time to work back to $200 and even then people thought, “Well, it’s a double top.” But [selling] was the wrong thing to have done because then it went from the $200 oz. mark to $850 oz…in a fairly short period of time.

I will be speaking about that in my presentation at The Silver Summit on Oct. 24th-25th about how markets move in general. Look at the tech wreck, look at the housing bubble. In every market there gets to be an acceleration point where it becomes the “got to have” investment.

Once that happens, you get acceleration in price to the upside and I really expect that to happen in metals but it’s not here. It’s not now and it’s not going to be this year. It’s probably not even going to be in 2014. But I’m very confident it will take place.

- Source, David Morgan via Silver Seek:

http://www.silverseek.com/article/david-morgan-%E2%80%9Cduring-last-bull-market-lot-people-gave-100-gold%E2%80%9D-12589

Poor and Middle Class Sacrificed for the Banks

David Morgan joins Elijah Johnson on Finance and Liberty to discuss the Federal Reserve's recent decision to continue printing $85 billion each month to "stimulate the economy." With no sign of an economic recovery, the Fed claims to help employment, but really are helping their member banks.

- Source, Finance and Liberty:

http://www.youtube.com/user/FinanceAndLiberty

GoldSeek Radio - David Morgan and Charles Goyette

Chris Waltzek talks to Charles Goyette author of "The Dollar Meltdown" and "Red Blue and Broke All Over"http://www.redblueandbroke.com/ and David Morgan publisher of The Morgan Report http://www.silver-investor.com/

- Source, GoldSeek Radio:

http://www.goldseek.com/

We Are Getting Close to the Debt Edge

Precious metals expert David Morgan says, “You cannot print yourself out of this mess that we are in. We have a massive debt problem, and the only solution they can come up with is ‘add to the debt.’ That will not fix the problem.” Morgan goes on to say, “The problem is the money will become worth less and worth less and nearly worthless at some point in time.” Anyone who thinks this can go on for another decade, think again. Morgan figures, “We’re getting very close to the edge.” Morgan adds, “There’s a limit as to how much money you can print and still have an effect . . . We've reached the limit.” Morgan predicts, “I do not see hyperinflation, I see more disruption or currency crisis. You don’t have to have hyperinflation to have a currency crisis.” Even though Morgan doesn't see hyperinflation, he contends gold and silver prices will head much higher. He sees the true price of gold right now “between $5,000 and $7,000 an ounce” and silver at “$100 per ounce.” Morgan predicts, “I think there is going to be a day in the future that you just can’t get it. The only monetary asset outside of counter-party risk is physical gold and silver.

- Source, USA Watchdog:

http://usawatchdog.com/david-morgan-massive-debt-problem-were-getting-very-close-to-the-edge/

Massive Debt Problem

David Morgan of Silver-Investor.com thinks a financial calamity is on its way. Morgan predicts, "I do not see hyperinflation, I see more disruption or currency crisis. You don't have to have hyperinflation to have a currency crisis." Even though Morgan doesn't see hyperinflation, he contends gold and silver prices will head much higher. He sees the true price of gold right now "between $5,000 and $7,000 an ounce" and silver at "$100 per ounce." Morgan predicts, "I think there is going to be a day in the future that you just can't get it. The only monetary asset outside of counter-party risk is physical gold and silver."

- Source, USA Watchdog:

http://usawatchdog.com/david-morgan-massive-debt-problem-were-getting-very-close-to-the-edge/