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/

David Morgan - Money, Metals and Mining

David Morgan is interviewed by Chris of gold seek radio. David discusses gold, silver and commodities in general.

- Source, Gold Seek Radio:

http://radio.goldseek.com/

Get Ready, the Silver Price is Heading Up

David Morgan is interviewed at the Cambridge House conference in Toronto. He discusses the price of silver.

- Source, Cambridge House:

http://cambridgehouse.com/

David Morgan - QE to the Moon

In this interview with Ellis Martin, David Morgan discusses the effects of the latest Fed pumping and why it seems to have no lasting effect on gold and silver prices currently. Mr. Morgan also discusses a suggested tapering of the money printing. Are the BRIC countries making the dollar less relevant?

- Source, Ellis Martin:

http://www.ellismartinreport.com/

Replacing Ben Bernanke and How Gold and Silver Will React

David Morgan appears on "Butler on Business" and talks about the replacement of Ben Bernanke. He also talks about the FED Taper.

- Sources:

http://www.butleronbusiness.com/http://www.silver-investor.com

Use Silver as Currency

Gold was always considered as solid and save instrument. Many Countries currency was based on Gold reserves. People loved to make investment in Gold. But now this Gold is in crisis. These Gold crisis are linked with economic, financial, debt and currency crisis. Anyhow, too much dependence on one instrument always brings down fall. This video is showing What the Gold and Debt Crisis are?

- Source, Yahoo Finance:

http://ca.finance.yahoo.com/video/

Gold & Silver Hard Money

Listen to this exclusive in depth interview featuring David Morgan. Gold and Silver, the only real money.

- Source, The Silver Investor:

http://www.silver-investor.com

The Inverse Relationship Between Gold and The Dollar

In this interview with Ellis Martin, David Morgan responds to listener's question about whether or not he agrees with economist Martin Armstrong. How can a strong dollar co-exist with stronger precious metal prices? Is hyper-inflation going to be a reality anytime soon? When will the market really heat up and when will the best gains be had?

- Source, Ellis Martin Report:

http://www.ellismartinreport.com/