David Morgan on the Financial Sense News hour 14 Jan 2011
David Morgan sees silver at at least $40 and gold at $1600 sometimes in 2011 although we might see some disappointments in the precious metals prices down the road , the markets need to correct and take a breath from time to time but there is only one way down the road and it ius up and up both for Gold and Silver ,The mainstream has been yelling "it's a bubble!" from when gold was 500$ and below. There comes a time when one stops paying attention.As Marc Faber said last year when he had a room full of hedge fund personnel- only 5% of people are in Metals- this means that there is a long way to go- previously the Chinese, Indians and the Russians were not in Play - with them in the market- we can expect a definate higher set of prices in the long term. anyway we are about 40% from the top.
Yes I see $40 USD an ounce too. When ever silver trades at a higher percentage than gold it corrects back to the same percentage with gold. Look at a comparison chart with gold and silver. But there will come a time when silver takes off and will trade at a higher percentage than gold for an extended period. How long? Not sure. Will let the charts tell me that one. When silver really takes off, it will be bigger than the dot.com boom. Peace
ReplyDelete