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There's a new Sheriff in town and his name is President Donald Trump and he is exposing the deep state treason, arresting pedophiles from coast to coast, lowering taxes, swearing off globalist treaties - and for the first time ever, even precious metals market manipulators are being ARRESTED. The new boss is definitely not the same as the old boss. David Morgan joins me to discuss.
Silver guru David Morgan shares where he sees gold and silver prices going in 2018, and weighs in on the next metal investors should watch. I've Been Helping My Subscribers Weather the Current Economic Mess.
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Gold and silver should see further appreciation in 2018 through 2020, said David Morgan of The Morgan Report.
In an interview with Kitco News on the sidelines of the Vancouver Resource Investment Conference, Morgan said that until gold and silver reach $1,550 and $22 an ounce, respectively, the metals should see a more or less “lackluster” market this year, with silver to grow at a faster pace than the yellow metal.
“The above ground supply of silver has increased from 2006 onwards,” Morgan said, “the [above ground silver inventory] depleted from 1990 to 2006, from 2006 to 2018, it’s increased.” However, Morgan said that silver prices are driven more by “demand on the margin” than supply and demand, as historically, silver prices have rallied even during periods of rising inventories.
The gold-silver ratio has climbed throughout 2017, last trading at 78 points, but Morgan said to wait for gold to climb higher before switching into silver. “When you get to 80, it’s probably a good time, if you’re metals-bullish, or even gold-centric, to trade your gold into silver.”
David Morgan, one of the thought leaders in our community, joined us for a look ahead at 2018 for precious metals. David's got a company that pulls precious metals out of scrap and is poised to cash in.
There's more gold in a ton of scrap iPhones than you find in many mines. 2017 showed strength in gold, not so much in silver. David wouldn't be surprised to see a high of $21 or more for silver in 2018. Peak years coming in 2020.
Palladium was a major hit for the year going up 55%. Copper was up 30 percent and other base metals went even higher. And we're probably just getting started in the next upswing.
