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.

- 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

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.

- 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 http://FinanceAndLiberty.com 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.

Could Silver Become Radioactive?

David Smith, Senior Analyst of the Morgan Report appears in a interview and ask's the following question, "could silver become radioactive?".

- Source, Silver Investor:

http://www.silver-investor.com

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:

http://bullmarketthinking.com

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:

http://bullmarketthinking.com/david-morgan-during-the-last-bull-market-alot-of-people-gave-up-at-100-gold/

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.”

- Source, Bull Market Thinking:

http://bullmarketthinking.com/david-morgan-during-the-last-bull-market-alot-of-people-gave-up-at-100-gold/

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