Did you notice that as soon as the weekend was over that there was another round of gold and silver price suppression? Yesterday was a great day to buy both gold and silver. Today is almost as good, price-wise, though prices are marginally higher.
The prices haven’t been this low in 12-14 days.
If you take a look at the silver and gold price charts and look at the 1m (1 month view) you’ll see a couple of things:
- Each peak is followed by a trough, but successive peaks and troughs are higher, showing an overall rising trend in gold. It’s less clear with silver which shows more of a staircase of rising price.
- With both metals, there are plateaus where the prices don’t change. These plateaus occur on weekends when the banks aren’t setting the precious metal prices.
- There’s a 50/50 chance that prices will fall or rise after a weekend plateau.
- Switch to the 1q (1 quarter) view and with gold you’ll the series of price rises and following bank suppression of the gold price. Nevertheless, it’s clear to see that the price of gold is trending upwards. The price of silver bobbed about until April 6th when it started to take off.
The gold and silver bullion “super bull market” has been initiated, according to David Morgan of the Morgan Report who was recently interviewed (in the video above) by Future Money Trends.
We are finally in the very beginning of the new bull market which will be the most exciting as the third leg up is the one that is the most rewarding. In fact few will believe just how high the precious metals will go. The end date is most likely 2018/2019 at this point.
4 thoughts on “David Morgan Says Gold And Silver Bullion “Super Bull Market” Has Started”
Very interesting article, i try to keep up on the stock market activities and gold and silver are not familiar to me. Your site offers a great insight to the gold market which I will definitely utilize for future reference. Thank You
I used to buy stocks and shares and then got hit badly in the 2007/8 crash. I did break even, maybe with a small profit in late 2014 when I got tired of the roller-coaster ride and I cashed out. It was only then that I started looking at other options. At the time I thought buying gold and silver was difficult and expensive but looking into it I realized it’s actually very easy. Obviously there’s risk involved as prices can go down as well as up (anyone who bought either in 2011 is still in the red on their investment) but i’m buying gold and silver to hold the current value of my money, not as a speculative investment. In the long term, gold has always risen in price against currencies and should keep the purchasing power of the currency used to buy it much better than the interest rate a bank pays you on a deposit account will.
I recently heard that China had begun backing their currency with Gold, is that true? If so that could be part of the reason we are seeing gold click up right? I am always interested in gold as I think the end of our fiat currency may just be around the corner. What are your thoughts?
That’s a good question, Shawn. Russia, China and India are buying up huge amounts of gold, and China is now buying silver too. None of the gold mined by Chinese-owned mines goes anywhere but to China. And Canada recently sold off the last of its gold reserves. Gold, and now perhaps silver as well, is definitely migrating to the East.
Speculation is that these countries are preparing for a major collapse in fiat currencies around the world (like the Dollar, Euro and Pound Sterling). The West doesn’t appear to be making contingency plans. Western governments seem to believe that Neo-Classical Economics will win out in the end. It won’t. It’s a monetary policy that can’t work in the real world.
Way back in 1988, “The Economist” magazine predicted that in 2018, a single world currency would arise from the ashes of the old currencies which would have gone hyper-inflationary (like what happened in Zimbabwe). Jim Rickards is predicting a gold-backed world currency for 2018. No one country (like China) would be the sole backer. But those with the most gold would have the biggest say and most influence over the direction of such a currency.
Western currencies are on shaky ground. There are more than enough analysts saying things are about to go south in a huge way, that will make what happened in 2008 look like a wet afternoon compared to the coming storm. But predictions don’t always come true. However, it’s not wise to ignore such opinions. It’s why I’m buying gold and silver now. I’m not putting all my savings into precious metals but maybe about a third although most of it is in vault storage for security reasons.
But news about the introduction of a gold-backed global currency is something to watch out for. I’ll keep readers alerted here on this blog as I find out more.