David Morgan of The Morgan Report highlights a very interesting set-up in the silver market that could lend itself to significantly higher prices. David also shares his thoughts on the price levels he wants to see before getting too excited -- and he updates us on the gold to silver ratio.
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In this interview with SmallCapPower at the PDAC 2018 convention, silver investing expert David Morgan, publisher of The Morgan Report, talks about why he likes silver, the introduction of a silver-backed cryptocurrency, and why he expects the silver price will go substantially higher.
President Trump is having much economic success, but he also has an ongoing war with the so-called “Deep State.” Gold and silver expert David Morgan contends, “If the “Deep State” gets pushed into a corner much further, they can basically pull the plug. That means the stock market could come tumbling down, and then they could blame the Trump Administration.
If you are losing the chess game, you just get up and turn the table over and the pieces go flying everywhere. That is a metaphor for a war. That’s a metaphor for crashing the stock market. That’s a metaphor for crashing the bond market, and it’s a metaphor for it happening on its own. I am concerned that if you win, you lose. This is why the unraveling is being done extremely carefully.
I am not saying it is going to happen. I am saying it could happen. These people are so used to winning a rigged game, if they start being caught, and they have been caught, then they are going to do things that are not necessarily predictable.
They are not going to act in a rational manner. They are going to do anything possible to protect themselves. You cannot rule out the possibility that they will turn the table over and that’s it.”
Silver expert David Morgan joined us for our weekly webinar today. This proved a very informative hour so we urge you to carve out some time to give it a listen. Among the topics addressed over the course of the call:
The current commodity selloff in the face of the ongoing dollar weakness.
The purpose (if there is any) of the 135MM ounce JPM Comex silver vault.
David's three ideal investments for the next 20 years.
Which mining companies offer the best potential returns going forward.
