Silver guru David Morgan tells Silver Doctors the gold market may be weak in the short term.
However, he warns there are many possible black swans out there, and any one could take gold much higher overnight. Gold and silver fell this week.
Eric Dubin says the Fed’s balance sheet normalization news was the primary catalyst for pushing the metals down. Morgan says if gold doesn’t break back above $1300, gold will continue to get weaker toward the end of the year.
However, the miners have been weathering the storm well which is bullish for the sector, Morgan says.
- Source, SD Bullion
