GoldSeek Radio Nugget - David Morgan: "We’re in a Next Leg up in the Precious Metals”

The Silver Guru, David Morgan, outlines his $2,500 gold and $32 silver targets for 2024.

- Geopolitical risks could send gold and silver investments into the magnetosphere.

Morgan explains:

"For silver: I said I want silver to confirm gold just like the Dow Jones Industrials that need to be confirmed by transportations and the utilities. I think it's the same in the metals, I think that you really need confirmation. With gold with silver or silver with gold, that they really are the two most important precious metals. Both monetary metal, silver obviously, less than monetary metal. Silver being above 80 on the gold-silver ratio to me is a non-confirmation, meaning that gold is doing its own thing as I expect it would and I altered my view that the whites lead the yellows.

They have, many times that can make that argument, proved it, but in the latter years here, where silver's been so heavily demonetized, at least in the thought process of men. Not in my view but anyway – I look at 70 as kind of like the magic number just by my experience and watching markets that that's confirmation. That we're in a next leg up in the precious metals because again, gold probably is leading, it'll probably pull silver up. So we'll get silver to start accelerating vis-a-vis gold in the 71 ratio, it's still very high ratio relative to where it's been during real strong bull markets. That would put silver around $32 for next year. And I wrote in the report that somebody somewhere got a vested interest to keep silver under $30. That's extremely verifiable again and again and again."

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- David's documentary trailer.
- David Morgan's main page.
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