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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.
Top silver market expert David Morgan tells Silver Doctors the gold and silver markets have just seen a significant positive change in momentum.
As soon as Treasury Secretary Steve Mnuchin said at the World Economic Forum a weak U.S. dollar was good for trade, the U.S. dollar slumped to a three-year low, sending gold above it’s key resistance point of $1,350. Silver also spiked, outperforming gold. Silver outperforming gold is a bullish sign for silver.
Morgan sees silver continuing to outperform gold this year. Morgans says the U.S. Dollar has no support. The chart looks like “a toothpick holding up a big building.” But he says gold is more negatively correlated with the stock market than the U.S. dollar index.
Therefore, if gold is going higher, expect a correction in the stock market.
Silver guru & founder of The Morgan Report, David Morgan, returns to ReluctantPreppers to weigh in on these important questions for 2018:
- Is the Gold & Silver Bull Market Intact?
- With analysts warning stocks are in melt-up mode & topping, and with the Fed tightening, the bond yield curve flattening, and the Fed promising to unload its balance sheet of mortgages: are we heading into a serious risk of recession & rotation out of stocks/ bonds/ real-estate into gold & silver?
- Platinum/Gold ratio upside down: opportunity or new historic baseline shift?
- Electric Economy (EVs, Solar+Storage, etc): How will this mega-trend move: Copper, Zinc, Lithium, Cobalt, Rare Earth Metals?
David Morgan discusses the upcoming collapse that he sees coming. Will 2018 be the year this fragile system all comes crashing down? It looks like that is a strong possibility.
The fiat system always comes crashing down and this time won't be any different. The banks have attempted to suppress the price of gold and silver and they can't seem to manage it much longer. As a wealth insurance, silver and gold are set to take off in 2018 (though the banks may have a few other plans up their sleeves, we simply don't know yet) and while people pull out of the bond markets, the fiat system, the centralized systems in general, they're flocking to gold, silver, palladium, cryptocurrencies like Bitcoin, EOS, etc.
David Morgan also breaks down why he does what he does. According to him, he envisioned his daughter when she was a baby all grown up asking him why if he knew so much about the monetary system, he didn't do anything about it. That has propelled David to be a powerful voice for free markets and sound money. Again, it all comes down to being the change we wish to see in the world.
Top silver expert David Morgan tells Silver Doctors his 2018 forecast for the silver and gold markets. Looking back at 2017, Morgan says he’s most surprised by the interest in the cryptocurrencies.
Bitcoin rose about 1,300 percent. Gold and silver’s gains of 14 percent and four percent pale in comparison. 2018 will be a better year for the metals, Morgan says, led by gold.
He sees cryptocurrency space similar to the dot com bubble.
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