The Morgan Report Blog

DAVID MORGAN: After the ship has sunk, everyone knows how it might have been saved.

 
DAVID MORGAN: After the ship has sunk, everyone knows how it might have been saved.

Phil interviews the silver guru David Morgan to discuss the recent momentum and long-term upside in the silver market. Phil and John cover Brexit and some of the action in the precious metals market since the June 23rd vote. If you like what we’re doing, then please SHARE us with a friend!

– Start of David Morgan interview
– The Silver Manifesto
– A silver bar or a candy bar?
– A silver house?
– The Gold/Silver ratio
– Converting the uninformed?
– Favorite kind of silver?
– Silver manipulation?
– Mining stocks?
– How much silver should I have?
– How can people find David Morgan?

 

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David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

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. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

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You have NOT Missed the Silver Move; We’re Going MUCH Higher

 
You have NOT Missed the Silver Move; We’re Going MUCH Higher

David Morgan, the premiere silver expert gives us the latest on Silver and the coming bull market that has only just begun. BREXIT is taking it’s toll on world economy and the dollar, despite those saying the dollar is strengthening, that is only short term.

TOPICS IN THIS INTERVIEW:
– World Currencies: Outcome of BREXIT on World Economy
– Are countries manipulating currency as Trump stated?
– The United States is debasing their currency sending ripples worldwide
– Gold & Silver’s incredible bull market in 2016 to Continue
– Bond Yield curve flattening, stock market crash coming?
– Stock Market Correction coming late in the year prediction
– Silver following Gold as the fear trade
– The Situation now Making Gold/Silver the best Investment
– Financial Collapse Realization is going Mainstream
– Mining Stocks to invest in for Max Profit

 

If you are seeing our blog for the first time we suggest you sign up for our free e-newsletter. Our Free E-Letter will keep YOU in the top 3% of the Informed, the Awake, and the Aware. You can sign up for our free emails here.

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

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. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

Learn More About The Morgan Report Today! *   

All Fiat Currency Fails

 
All Fiat currency Fails

There Is A 100% Failure Rate Of ALL Fiat Money Throughout History. Smart Wealth Radio and David Morgan chat about the state of the economy and the reality of how the world works.

 

If you are seeing our blog for the first time we suggest you sign up for our free e-newsletter. Our Free E-Letter will keep YOU in the top 3% of the Informed, the Awake, and the Aware. You can sign up for our free emails here.

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

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. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

Learn More About The Morgan Report Today! *   

A Discussion with David Morgan and TF Metals

 
A Discussion with David Morgan and TF Metals

Over the course of this call, David and Turd discuss Comex silver, global silver supplies and how one might continue to add ounces and shares, even though prices have already risen quite sharply in 2016.

This is a recent interview conducted by TF Metals. Made a call to Craig explaining that there is a certain factor available in the warehouse “silver stocks report” that every time this is reached we see silver move higher.

Because many of you on this free update list are not website members for various reasons, we would like to suggest the best value available to you is our book–The Silver Manifesto.

Available here in all formats, electronic, audio, and paperback. The chapter on how to pick a mining company is a do it yourself chapter for those of you that may be interested in extreme profits in the resource sector.

See: www.TheSilverManifesto.com

For example one of our first picks in the sector had a 61x increase, going from a speculation all the way to the Top Tier category.

This is the equivalent of silver going from $5 to $300, which is hardly the case, at least not yet. We are well aware that some distrust the stock market entirely and this is not to convince you otherwise. The fact is simply that greater gains are achieved in the “paper markets.” Yet we have always been consistent which means our premise is that no one should be in the resource sector unless they have established a core in their hand precious metals position.

Finally we are asking for your help—

If you could forward this blog it would be greatly appreciated. Our goal has been to educate as many open minded humans as possible about the corruption not only in the monetary/financial system but the global empire at large.

Gratefully,

David Morgan

 

If you are seeing our blog for the first time we suggest you sign up for our free e-newsletter. Our Free E-Letter will keep YOU in the top 3% of the Informed, the Awake, and the Aware. You can sign up for our free emails here.

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

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. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

Learn More About The Morgan Report Today! *   

How High Is “Sky-High” Silver?

 
How High Is “Sky-High” Silver?

by David smith

Now that the precious metals’ five year cyclical bear market is acting like it’s been replaced by a vibrant bull run in the opposite direction (up!), many analysts who chided the ongoing rise in the mining stocks and metals that started in December 2015 are begrudgingly changing their “outlook” so they don’t get left behind.

Some veterans are holding to long-stated targets, while others are raising them as Mr. Market gives us new information.

Silver Daily OHLC Chart

Silver Daily OHLC Chart

4th of July, 2016 Silver Fireworks (Courtesy barchart.com)

Perhaps the prediction laying claim to the most fascinating “sneaks up and gets you” was uttered by Franco Nevada Mining Corp. (NYSE:FNV) Co-Founder Pierre Lassonde, when gold was still trading in the mid-three digit area. Asked for his long-range forecast, he replied, “I believe that gold will have 3 zeroes after the first number – I just don’t know what the first number will be.” (This year, he opined that $8,000 is a reasonable expectation.)

Jim Rickards – the CIA financial warfare advisor recently interviewed on a Money Metals Exchange podcast and whose thoughts I have frequently cited – makes a strong case for $10,000 gold, primarily due to a gold revaluation by the world’s central banks.


Financial system insider
Jim Rickards sees $10,000 gold.

You might wonder why, if the price of silver is projected to rise so much, I am dwelling on the price of gold. The reason is the silver-gold ratio which computes at any given time the number of ounces of silver needed to buy an ounce of gold. During the last 50 years, this key ratio has risen from a 1979 low of 14:1, to a January, 1991 high of 100:1.

Currently about 67:1, it’s still relatively elevated (showing silver is relatively inexpensive) within its historical parameters.

Over the years, this key ratio has spent a great deal of time bracketed between 80:1 and 50:1. Considering this data, a $10,000 gold price would put silver priced between $125 – $200 an ounce.

At the apex of its last secular bull market in 1980, the silver-gold ratio weighed in at a hefty 14:1. If silver only got down to a 30:1 ratio, this would price our model at over $300/troy ounce. Leaving the ratio aside altogether and simply considering the 1980 inflation-adjusted price by itself would project a silver price today of more than $150 an ounce.

If you’d like a real heart-stopper (sit down first), then consider what John Williams at Shadowstats.com has demonstrated, using the government’s long-standing Consumer Price Inflation (CPI) calculation models (which have since been revised several times by the U.S. government to understate inflation). Williams calculates that the value of the “true” CPI-adjusted 1980 silver spike price high today, would be equivalent today to a silver price of… $470/ounce!

Most of our readers are familiar with many reasons the intermediate to long term bullish case for silver is exceptionally strong. Beyond these factors – not to mention the recent revision of silver supply data shows the poor man’s gold has actually spent more time in deficit than in surplus over the past decade and while the current silver-gold mining ratio is only 9:1 – comes another new and intriguing consideration…

Recently, First Majestic Silver (NYSE:AG) President Keith Neumeyer, made the following remark: We got approached by an electronics manufacturing company that manufacturers cell phones and computers about four weeks ago… There were three of them in the meeting and they wanted to bid on our silver… It’s the first time in the fourteen years that I’ve been with First Majestic that we’ve ever been contacted by an electronics manufacturer… That tells me there is something changing in the market.

 
Silver Price Projections by the Heavy Weights

Early this summer, Keith Neumeyer said that triple digit silver was in the cards, even if gold stays well below expectations. But if gold should go to $10,000, then “silver will be some ridiculous number… it could even be $1,000…”


First Majestic CEO expects triple digit silver prices.

Nick Laird: I find it interesting when Keith Neumeyer of First Majestic Silver, one of the largest silver producers, sticks his head out & says $140 silver, at the same time as Pierre Lassonde of Franco Nevada, one of the most successful gold entrepreneurs does the same in calling for $10,000 gold. Which would produce a 71:1 ratio which is a little below where we are today. At the top of the bull run, I would expect a ratio of perhaps 30:1 which means one of them needs to double his number.

James Turk: Silver is still in stage-1 of its bull market; the big price gains don’t start occurring until widespread participation by the public begins in stage-2, but that will not begin until silver breaks out of its base when $50 is eventually hurdled. With that event silver will start garnering worldwide attention just like gold started doing when gold entered stage 2 of its bull market by hurdling above $1000. (Turk has publicly stated he believes, we will eventually see $400 silver.)

Steve St. Angelo’s SRSRoccoReport.com chart below demonstrates how the massive multi-year upswing in American Silver Eagle sales is changing the landscape for investment demand – with a concomitant effect on supply. And keep this factoid in mind: though we don’t have a breakout handy for how much of the total demand is destined for other countries, we’ve been that informed that ASE’s are sold to at least 50 other countries. If this “foreign” Eagle demand-wave continues to build, sales of the iconic coin could shift into hyper-drive.

Global Physical Silver Investment Demand 2015

Global Physical Silver Investment Demand 2015

Holding silver will place you in good company with other Americans!

David Morgan (2002) of TheMorganreport.com: For the record, I will state there will be another, more frenzied scramble which will carry silver prices to highs that will repair all the excess paper money creation, price suppression, supply deficit, and bearish sentiment over the past two decades. This will become known as the Great Silver Crisis.

David doesn’t spend a lot of time guessing where the silver price will peak when this multi-year historic bull run starts to roll over, but neither is he shy about saying that “it will be one for the record books.”

And herein lies an important caveat for the rest of us. As precious metals insurance-holders and investors, we are better served by focusing more on the fact that silver is likely to go up a LOT, than by trying to divine by how much.

If we’re destined to see the very large and sustained up move I expect, then shrewd investors can achieve maximum gains by establishing a “silver stacking” program of regular dollar cost averaging, without paying too much attention to either the current price, or some distant projection. Leave the day-to-day predictions to the swing traders and crystal ball gazers, while methodically adding to your physical position. It’s a nice way to tame those pesky fear and greed investment dragons. Not to mention building over time, a good-sized pile of silver with the potential for gains that might just exceed your wildest imagination.

Steve St. Angelo’s chart above shows that Americans in greater numbers than ever are getting involved with the “silver story” by exchanging some of their paper promises for real, hold in your hand money: silver. If you’re new the topic, now’s a great time to get started. And if you’re already a stacker…well then just keep on keepin’ on!

David Smith is Senior Analyst for TheMorganReport.com and is a regular contributor to MoneyMetals.com. For the last 15 years, he has investigated precious metals mines and exploration sites in Argentina, Chile, Bolivia, Mexico, China, Canada, and the U.S. and shared his findings and investment wisdom with readers, radio listeners, and audiences at North American investment conferences.

 

If you are seeing our blog for the first time we suggest you sign up for our free e-newsletter. Our Free E-Letter will keep YOU in the top 3% of the Informed, the Awake, and the Aware. You can sign up for our free emails here.

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

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. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

Learn More About The Morgan Report Today! *   

Shocking Breakdown of China’s Foreign Reserves is Bullish for Gold

 
Shocking Breakdown of China’s Foreign Reserves is Bullish for Gold

I want to focus on the composition of China’s foreign reserves, explain why the liquid portion of the reserves may be much smaller than widely believed, and how that situation is bearish for RMB and bullish for gold.

According to Wikipedia:

“The foreign-exchange reserves of China are the People’s Republic of China holdings of cash, bank deposits, bonds, and other financial assets denominated in currencies other than China’s national currency (renminbi). At the end of January 2016, the foreign-exchange reserves of China stood at US$3.23 trillion. The management of foreign-exchange reserves is governed by the State Administration of Foreign Exchange and the People’s Bank of China. The composition of foreign-exchange reserves is a state secret in China.“

We managed to retrieve the following financial data from the China State Administration of Foreign Exchange (SAFE) website:

Read rest of article here.

 

If you are seeing our blog for the first time we suggest you sign up for our free e-newsletter. Our Free E-Letter will keep YOU in the top 3% of the Informed, the Awake, and the Aware. You can sign up for our free emails here.

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

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. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

Learn More About The Morgan Report Today! *   

Silver’s Going Crazy After Brexit, But Here’s Why The British Aren’t Buying

 
Silver’s Going Crazy After Brexit, But Here’s Why The British Aren’t Buying

britain

The decision that is brexit came to pass in a dramatic fashion. In the aftermath, silver prices increased just 10%. While a considerable gain, perhaps not what some would have expected.

Polling stations closed. Results came in. Prime Minister David Cameron said the future of the country rests on the outcome. The President of France said the future of the European Union depends on the outcome.

The vote could not have been any closer. ATV News first reported a 75% probability of Brexit in the early morning hours in the UK Friday. “It’s the end of Britain,” some proclaimed.

“I hope this victory brings down this failed project,” Nigel Farage, a vocal proponent of leaving the EU, said. “And may it be our Independence Day.”

The reality is the British people have voted to leave the European Union.

David Cameron said the British people made a clear decision. “I think the country requires fresh leadership.” He stepped down.

Safe haven assets skyrocketed. Mainstream press covered gold, which has increased in price. They ignored silver.

What’s Next For Silver Prices After Brexit?

“The main thing about Brexit and the rush into gold, and why silver is left behind, is that in the UK there’s a value added tax on silver,” David Morgan, of www.TheMorganReport.com, told CSP. “That’s why most people in the UK buy gold. They don’t want to pay the VAT on top of standard dealer margins. That’s why you haven’t seen people move into silver in the UK.”

VAT is in effect throughout European Union for silver purchases in most cases. In the UK, VAT is 20%. Gold has not been subject to VAT for awhile.

That despite the United Kingdom used silver as money. It used to be on the silver standard – hence, the pound sterling. The silver standard goes back to the Middle Ages. English currency was mostly silver until 1344, when a gold coin was put into circulation. Silver was the legal basis for the sterling until 1816, when Great Britain opted for a gold standard.

Silver bullion investors, to be sure, don’t pay VAT if they hold the silver in an accredited vault in an accredited account, though VAT is paid upon delivery.

There are other ways around VAT. One can buy silver coins through companies that acquire the silver coins through a VAT compliant process whereby investors don’t pay the tax directly. Others focus on buying coins minted by national mints, such as the Royal Mint.

Morgan acknowledges the increasing silver and gold prices will continue over the long term. “I checked with primary dealers to see if there is spillover in the US from Brexit and there was not.”

Brexit is the type of moment precious metals thrive on. They drive headlines, including for silver – “the poor man’s gold.”

The big question in UK over the next five to ten years is can the leadership steady the ship.

Unlike during the Cypriot Financial Crisis of 2013 or the Greek Debt Crisis, when Bitcoin stole the headlines, this time gold leads all commodities in the past 24 hours.

Gold receives mainstream press attention. Meanwhile, silver price discussion by mainstream media is silent. A quiet controversy surrounded silver in recent years.

Silver in COMEX is more leveraged than gold. The number of ounces owned is more than registered users. Registered silver inventory is at its lowest in many decades. Investors sued banks holding silver bullion in New York over alleged silver manipulation.

Silver is a top 5 performer since Brexit. It like gold has performed better than virtually every other commodity. On May 25, silver cost $16.30 an ounce. Now, it’s eyeing the $18 handle.

A major reason why silver has yet to receive the attention one might expect amid a crisis is precisely because of the price of gold, which is not very expensive. Precious metals attention could transition from gold into silver when gold reaches higher levels, particularly $1500 and above. This might not come to pass in the immediate wake of Brexit. The divorce could take years – approximately two years – and the most traumatic effects on markets might last mere weeks.

“I foresee summer doldrums, a push into metals for a while, which will then back off,” Morgan imparted. “Then I think by Fall there will be some other events that will take place that will signal this is not going to get better and then we will see a bigger push into metals, moving them up into territories that will get new investors into the market once again.”

USexit?

Americans see brexit anger as widespread according to a USA Today poll. By a 4-1 margin, Americans believe the dissatisfaction felt by Britain can be seen in other countries closely.

The survey has dramatic implications for a post-brexit world. The U.S. is a key partner in global institutions like the IMF and World Bank. Do US citizens feel the same towards these institutions as the British do towards the EU?

The disatisfaction underscored by the USA Today poll explains the popularity of populist candidates like Donald Trump and Bernie Sanders in the US. Even Bernie Sanders displayed a bit of sympathy with the decision in the wake of Brexit, saying, “the global economy is not working for everyone.”

“I think it is an indication of a broader feeling among people around the world, where they are feeling more and more helpless about controlling things in their own countries,” responded surveyee Sandra Lueder, 68, of Cheshire, Conn., who intends to vote for Donald Trump. “I do happen to believe the refugee crisis and immigration were important components of things that people were unhappy about.”

 

If you are seeing our blog for the first time we suggest you sign up for our free e-newsletter. Our Free E-Letter will keep YOU in the top 3% of the Informed, the Awake, and the Aware. You can sign up for our free emails here.

David Morgan is a precious metals aficionado armed with degrees in finance and economics as well as engineering, he created the Silver-Investor.com website and originated The Morgan Report, a monthly that covers economic news, overall financial health of the global economy, currency problems, and the key reasons for investing in precious metals.

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. If there is only one thing to teach you about this silver bull market it is this… 90% of the move comes in the last 10% of the time! Where will you be when this happens?

 

Learn More About The Morgan Report Today! *   

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