“There Is True Value” and “Bargains” In Silver and Gold – Silver Guru

With blood on the streets across the entire commodities sector, Future Money Trends interviewed ‘Silver Guru’ David Morgan of the Morgan Report about the outlook for markets and why he remains bullish on silver and gold.

David Morgan astutely noted:

“At this moment in time, that we are truly at a level that it is really only the ardent silver bulls and resource investors who truly understand where we are in the market. Not only are we skipping along the lows, perhaps we can go lower, but there is true value here – in all aspects – not only in the gold and silver but also in the natural resource sector as a whole with bargains all over the place”.

People understand nothing lasts forever. The bottom does not last forever. You want to buy low and sell high.”

Futuremoneytrends.com: Silver Sumit 2015: David Morgan Silver Update

According to Future Money Trends:

David’s analysis of the Federal Reserve (FED) is that they truly are in a real bind here. They want both a weaker dollar and for the dollar to remain the reserve currency. With a huge multi-year trend out of the dollar for major transactions amongst some of the top countries in the world, like Russia, China, and Brazil, the FED is likely now being forced to raise rates.

Though the rate increase will be meaningless for the most part, the FED needs to shore up support for dollar denominated transactions.  An attractive dollar means the FED remains the manager of the top reserve currency of the world.

However, David said to expect the FED to quickly do what they can to weaken the currency later in 2016.

At the core of all of the world’s problems is debt. David believes that it is the ultimate debt bomb that will spark an avalanche of demand into anything precious metals.

He noted the supply and demand concerns for physical metals, but said the real market to watch is the debt market.

Watch:

• Interview with David Morgan at Silver Summit 2015
• David Morgan’s “All You Need To Know About Silver In 60 Minutes” Webinar 

Read more on the GoldCore.com blog

DAILY PRICES

Today’s Gold Prices: USD 1078.40, EUR 985.60 and GBP 715.38 per ounce.
Yesterday’s Gold Prices: USD 1071.75, EUR 988.43 and GBP 714.79 per ounce.
(LBMA AM)

Gold price performance

Gold closed up slightly yesterday by $1.70 to $1074.60.  Silver was down $0.12 at the end of the day to $14.16.  Platinum lost $8 to $841.

IMPORTANT NEWS

Gold adds to gains but looming U.S. rate hike weighs – Reuters
Gold ETP Sales in Longest Run Since March as Rate Increase Looms – Bloomberg
Gold posts modest gain as stocks, dollar fall – MarketWatch
U.S. Stocks Decline After China Trade Data Add to Growth Concern – Bloomberg
Indian industry group to launch first physical gold exchange – Reuters

IMPORTANT ANALYSIS

Let’s Meet The (Wildly Diverse) Gold Standard Family – Forbes
Sweden Declares War on Cash, Punishes Savers with Negative Interest Rates – GoldSeek.com
Why the state wants to stop you wandering off with your cash – MoneyWeek
Straight Talk: An Interview With Ted Butler – Gold Eagle
Greece’s Five Ticking Time Bombs – Bloomberg View

Read more News & Commentary on GoldCore.com