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Better Times Ahead for Silver and Gold: David Morgan
Watch David Morgan discuss his expectations for silver and gold prices in 2015, silver supply and demand dynamics and, of course, manipulation.
Cambridge House International’s 2015 Vancouver Resource Investment Conference just wrapped up, and for silver bugs one of the main draws was no doubt David Morgan, publisher of the Morgan Report.
Though he had a packed schedule, both speaking and participating in a precious metals panel, Morgan was able to stop by to speak with Resource Investing News about a variety of topics, including his expectations for silver and gold prices in 2015, silver supply and demand dynamics and, of course, manipulation.
Speaking about prices, Morgan said that he’s optimistic about 2015. “I think that we’ve hit the bottom. I think the intraday low in November, $14.15, will be it. And I think that 2015 will be a better year, but not an extremely good year, for both the metals, gold and silver,” he said. He sees a couple of major catalysts driving that outlook, including the ongoing currency crisis and industrial demand for silver.
In closing, Morgan offered the following advice for investors concerned about entering the market due to manipulation. “Take the big picture and know why you own the metals fundamentally. Don’t worry too much about manipulation. Certainly it can affect the price, certainly it has a cause-and-effect relationship. But all manipulated markets end in failure and this one will as well.”
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.