2012 Silver Key: Breaking ‘$50 Psychological Barrier’

Posted by on January 27th 2012 in China, Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!

Cambridge House International has posted more than 50 videos from its Vancouver Resource Investment Conference held last weekend.  Among them is the above interview with David Morgan who discusses his presentation on the silver market, — including silver myths, particularly that “silver is not money” — and responds to investors’ concerns that they may have “missed the move” in silver.

And interviewed by Hard Assets Investor, Morgan is asked, “Where do you think silver is headed in terms of price this year?”  He replies that “I’m on record saying $60 by the end of the year. The key is to get through that $50 psychological barrier. It’s probably going to take a couple of tries…. Once it does that, you could see silver go up from $50 to $60 in a matter of two weeks. That’s the kind of move silver is capable of making.”  He also discusses the implications of silver being “in tightly held hands,” and explains why he prefers coins over bullion.

You can sign up for SilverSeek‘s free online presentation of Morgan’s “Silver in the next decade.”

Related Links: 

Dow Jones:  Gold climbs for third day, ends at 7-week high

MarketWatch:  Weekly gains for gold reach 4.1%; silver gains 6.7% on week

Silver Investing News:  Silver price surpasses $33 on Fed statements

Bloomberg:  Gold bulls ascendant on biggest rally since ’80

Kitco:  Gold’s rally expected to continue next week

Reuters:  Analysts Survey:  Gold seen rising in 2012, 12th year of rally

IndependentGoing for gold

Seeking Alpha:  Expanded horizon of negative interest rates should boost gold and silver prices

P. Radomski:  Stock Market and dollar sustain bullish environment for precious metals

KWN:  Jim Rickards – Gold may super spike as we see the end of the dollar

MarketWatch:  China’s yuan set for more international role

321 GoldFuneral for a bond

Zero Hedge:  Tim Geithner added to list of gold bugs’ best friends

Wall St. Cheat Sheet:  With friends like these does gold need an official QE3?

Bloomberg/GoldCore:  Roubini’s bearish forecast is bullish for gold

Peter Schiff:  Waist deep in the big muddy

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