- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Purpose Bitcoin ETF
Silver47 Exploration
Syntheia
CI Galaxy Bitcoin ETF
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
VIDEO - David Morgan: Here’s What Will Drive the Next Major Leg Up
David Morgan, publisher of the Morgan Report, shares what he thinks could push gold and silver prices higher in 2019.
2018 brought declines for the gold price, but this year David Morgan, publisher of the Morgan Report, predicts a decent year for the yellow metal.
“I think the major shift has finally taken place. Gold is inversely correlated to the stock market, [and] I think the stock market has peaked at least for awhile,” he said at the recent Vancouver Resource Investment Conference.
“I could be wrong, but if that’s true you’ll see more and more money moving out of equities and into gold. I think that will be a trend starting this year.”
Even so, Morgan cautioned investors not to get too excited just yet. “The cycle’s starting over and gold is out of favor and nobody cares, and very few people are buying and that type of thing,” he explained. “I think that’s really where we are right now, at least psychologically.”
In his opinion, that means “this year will be a good one for gold, but not a great year for gold.”
Watch the interview above for more insight from Morgan, including his thoughts on the recent deal between Newmont Mining (NYSE:NEM) and Goldcorp (TSX:G,NYSE:GG). You can also click here to view our full playlist from the conference on YouTube.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.