The Silver Guru, David Morgan, presents compelling analysis for solid gold gains in 2024.
- The challenges of higher than typical silver premiums.
Gold and silver both acted weak as of late and that's just I think temporary. I think it could see gold push below $2000, and I think that the anti-gold group may take advantage of that [and say] 'Look gold can't even hold above $2000 blah blah.' but I don't expect it to really get pushed down much further, much harder, I could be wrong, time will tell. Silver, of course, has really not performed sufficiently to make me happy.
He continues:
The fact that the gold and silver ratio has been so high for so long is a bit disconcerting...and actually, [James] Dines proposed years and years ago that there should be confirmation in the metals markets...and that goes back to the Dow Theory whereas Dow had the Dow Industrials, the utilities had the transportations...and he said that, 'The transportation's needed to confirm the industrials because if you are doing great industry, there'd be more transportation [as a] firming indicator.'
Dines proposed that would be similar in the metals that if gold was really on a run, silver should confirm it or vice versa. He didn't talk about the Palladium which are basically industrial only. I mean, certainly, they are monetary metals from a strict perspective of what a classic money entails but really, no one really thinks of as...so silver and it's an art, not a science but I would say 70 is a minimum confirmation, so when the gold-silver ratio is at 70 or lower, then silver is confirming gold's, move...and we're not there yet, and I think we will be there this year, in fact, but we aren't at this time.
- Insights into mega investor, Warren Buffet's silver operations.
- The merits of purchasing gold and silver near/below the cost of production.
- Silver is selling near David's estimate of production cost.
- Financial success through portfolio diversification with a base of gold and silver.
- David's documentary trailer
- David Morgan's main page
- Please support the show via our new Substack focused on Gold Juniors and Bitcoin Investments
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
