David Morgan discusses the current ongoings of the gold and silver markets.
TRACKING THE SILVER INVESTMENT GURU, DAVID MORGAN - AN UNOFFICIAL TRACKING OF HIS INVESTMENT COMMENTARY
Saturday, November 30, 2013
Thursday, November 28, 2013
Tuesday, November 19, 2013
People Don't Buy Bottoms
- Source:
Sunday, November 17, 2013
You Will Make Money When You Buy Under Cost of Production
- Sources:
Friday, November 15, 2013
There is NO End Game
- Source, Silver Investor:
Wednesday, November 13, 2013
Word to the Wise, Stay Balanced
Get with the companies that you own or want to own, that type of thing. I think it just behooves you to actually get it from the horse’s mouth so to speak before you make rash decisions.
I hate seeing people sell at the bottom, only to see it just start moving away from them. Not that I don’t make errors but I’ve seen that time and time again where people just give up at exactly the wrong time and then the market starts moving up and starts to move up slowly and they’re just sort of like, “Oh, it’s coming back or I will get it when it’s lower,” and that never happens. So word to the wise, stay balanced. Don’t put too much in the sector. Get good information. Trust yourself and I guess I would leave it with that.
I hate seeing people sell at the bottom, only to see it just start moving away from them. Not that I don’t make errors but I’ve seen that time and time again where people just give up at exactly the wrong time and then the market starts moving up and starts to move up slowly and they’re just sort of like, “Oh, it’s coming back or I will get it when it’s lower,” and that never happens. So word to the wise, stay balanced. Don’t put too much in the sector. Get good information. Trust yourself and I guess I would leave it with that.
- David Morgan via Silver Seek:
Monday, November 11, 2013
What's the Value of the Silver Summit?
Well, it’s probably the most silver-focused event anywhere. We started over 10 years ago and I know what we had then. We had 112 people who showed up from all over the world – Australia, South America, Europe, all over the place.
So the silver bulls are certainly alive and aware. It has grown to probably 1000 or more now. So I think if you’re investing in the sector, you should stay abreast of what’s going on. So it’s worthwhile from that perspective. If you’re hungry for a good opportunity, I mean these stocks have really been beaten up. It would behoove anyone that would like to have a high potential gain and some patience to go and visit some of these companies because they all put up booths and you can in many cases talk to the CEO or the geologist or both, face to face. There are not too many conferences where you can do that.
Lastly, if you’re down on a particular company that you’ve held for a while, and they’re showing up at The Silver Summit, it’s a great opportunity to go face to face with the company or the company representatives and determine whether you should buy, sell or hold.
In other words, you might want to add. You might want to sell. You might want to hold it and that’s a great place to do it. And we have both sides there--in other words, there’s a lot of people very bullish on silver, and that’s the majority, but there are others that are really not too keen on the silver market and they have their forum and their day to speak as well.
So we try to keep it balanced. Obviously it’s more bullish than bearish but nonetheless, you will hear both sides.
In other words, you might want to add. You might want to sell. You might want to hold it and that’s a great place to do it. And we have both sides there--in other words, there’s a lot of people very bullish on silver, and that’s the majority, but there are others that are really not too keen on the silver market and they have their forum and their day to speak as well.
So we try to keep it balanced. Obviously it’s more bullish than bearish but nonetheless, you will hear both sides.
- David Morgan via Silver Seek:
Saturday, November 9, 2013
Poor and Middle Class Sacrificed for the Banks
Thursday, November 7, 2013
Could Silver Become Radioactive?
- Source, Silver Investor:
Tuesday, November 5, 2013
Gold's Acceleration Point Will Take Place
“[In] all markets…there gets to be an acceleration point, where it becomes the ‘got to have’ investment…and once that happens you get an acceleration in price to the upside, and I really expect that to happen in the metals. It’s not here, it’s not now—but I'm very confident it will take place.”
- Source, Bull Market Thinking:
Sunday, November 3, 2013
Nobody Wants the Mining Shares Right Now
"If you really have conviction for this sector,” David explained,“[Then] you have to review—have the fundamentals changed? And if the fundamentals haven’t changed, that’s a good reason to stay. Another reason to stay, is that the best time to buy is when nobody wants it. We’re certainly in the case right now in the mining shares, where really—nobody wants them. So that’s a great time."
- Source, Bull Market Thinking:
Friday, November 1, 2013
When Gold Was Officially Unleashed
Commenting on the short-term technical picture, David noted that, “They [the miners] are so low right now…I 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.”
Reflecting on the mid-market shake-out during the 70′s, David said, “I recall during the first bull market that we saw gold from it’s official fixed price unleashed in 71′, move all the way up to $200 oz over time…and then it sold-off substantially…to $100 oz. I remember the gnashing of teeth, people couldn't believe that gold had been to $200, when it was now at $100 oz. A lot of people gave up, and it took some time to work back to $200 oz.”
Reflecting on the mid-market shake-out during the 70′s, David said, “I recall during the first bull market that we saw gold from it’s official fixed price unleashed in 71′, move all the way up to $200 oz over time…and then it sold-off substantially…to $100 oz. I remember the gnashing of teeth, people couldn't believe that gold had been to $200, when it was now at $100 oz. A lot of people gave up, and it took some time to work back to $200 oz.”
- Source, Bull Market Thinking:
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