2017 hasn’t brought many surprises for David Morgan. Silver has performed as he expected, and like he predicted last November, US President Donald Trump has had little impact on the resource space.
His expectations for the near future are modest. “I think we’re going to do unfortunately what we’ve done the last several years, which means we’re going to sell off until the last trading day of the year,” he said at last week’s New Orleans Investment Conference. “I expect it to fall off for the next few months.”
For that reason, he doesn’t see any huge catalysts for precious metals in the short term. But he emphasized that debt remains a major issue. “The overall main theme about the debt bomb that I wrote about in ‘The Silver Manifesto‘ just continues to get worse and worse, and no one’s paying attention to it,” Morgan said. “But it can’t be ignored forever.”
He continued, “I think 2018 is when it’s going to be noticed — maybe out of the corner of your eye kind of thing — and then it’s going to become more and more apparent as we march through 2018.”
Watch the interview for more insight from Morgan on the silver price, manipulation in the market and the most compelling opportunity he’s seen this year. The transcript for this interview will be added shortly.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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