David Morgan: Gold and Silver Consolidation Is Over
Royal Canadian Mint and Sprott Silver to buy 10 million ounces of silver
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Jim welcomes back silver expert David Morgan, founder of The Morgan Report. David sees silver as confirming the recent move in gold, and believes that the gold and silver consolidation period is now over. David notes that the individual investor is out of the precious metals stocks, and won’t likely come back until gold hits $2,000 oz. He also notes a potentially market-moving development, as the Royal Canadian Mint and Sprott Silver have plans to buy 10 million ounces of silver in the near future.
David considers himself a big-picture macroeconomist whose main job as education—educating people about honest money and the benefits of a sound financial system—and his second job as teaching people to be patient and have conviction in their investment holdings. A dynamic, much-in-demand speaker all over the globe, David’s educational mission also makes him a prolific author having penned "Get the Skinny on Silver Investing" available as an e-book or through Amazon.com. As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report and numerous other publications. Additionally, he provides the public a tremendous amount of information by radio and writes often in the public domain.