In his latest interview, silver expert David Morgan has joined The Doc’s December 2013 call for a bottom in the 2 year gold & silver correction.
Morgan states that the sell-off to end 2013 which marked a double-bottom in gold was highly unusual, and marked the end of the major 2-year correction in the monetary metals.
Morgan states that the big gains in gold, silver, & the miners in 2014 has not caught him by surprise, and that the next major bull move is underway.
Morgan’s full interview is below:
After attempting to climb above $22 during overnight trading, silver drifted down throughout the London session, and has been hammered on the COMEX open, down over $1 to $21.01.
Gold has also been hit hard, down over $20 from overnight highs of $1345.
With the crisis in Ukraine escalating, the dollar has been catching a safe haven bid, and the Western Central banks have not missed their opportunity to reassert pressure on the paper metals markets. [Read more...]
Things in the U.S. will begin to fall apart in 2014 as the energy production begins to peak and decline impacting supplies and price in a big way. This will cause a profound shock to the Stock, Bond and Paper markets.
Precious metals will be some of the best and safest assets to own during this “Energy Induced Collapse” period.
As Wall Street and the financial media carry on business as usual, the underlying foundation of the U.S. economy continues to disintegrate. Very few Americans realize we have past the point of no return. This holds true for many of the precious metals investors. [Read more...]
In the long term, Gold & silver prices have dramatically increased for 100 years since 1913, the birth of the Federal Reserve – our inflation machine. Worse, since Nixon abandoned the partial gold backing for the dollar in 1971, the inflation machine has accelerated.
Over the short term, Silver has gained 7.7% in 50 days. I think December marked a double bottom in the silver market, but we’ll know in a few months. Crashes and large rallies are likely to happen more often in this era of High Frequency Trading and “managed” markets.
The next time you hear from an analyst that silver is likely to remain under $25 for the next decade or drop to $10, or whatever, remember 100 years of history, 100 years of price increases, and 100 years of official national debt exponentially increasing at 9% per year – compounded each and every year.
The financial sky is growing dark. The stock markets are experiencing volatile trade winds. The barometer of the economy grows weak as indicators point to another recession looming on the horizon.
The Fiat Monetary System and Derivative’s Monster is heading towards certain death…. it’s just a matter of time.
The Precious Metal Storm is coming… unfortunately, the public is not prepared. [Read more...]
BrotherJohnF discusses the German gold repatriation (or complete lack thereof) as well as China’s gold demand soaring to new record highs in his latest Silver Update:
Gold Lies [Read more...]
BrotherJohnF discusses the House Republicans folding and passing a clean debt ceiling bill, as well as a historical review of the US debt, and discusses how the increase is likely to affect the markets as well as gold & silver in his latest Silver Update:
Debt Chicanery [Read more...]
In his latest Silver Update, BrotherJohnF discusses the incompetent and worthless regulators of the American financial system, as well as the gov’t ramping up their attacks on Bitcoin.
Silver Update: Toothless Regulators is below: