A preview of David Morgan from the weekend show
Click download link to listen on this device: Download Show
It is both educating and fun for all of us here!
Thank you for the compliment!
AL….It sure is fun…..I just spent the last couple of hours posting some crazy comments……..but as you know I am easily amused…..HaHa
BTW….Re education…After spending years listening to all your guests , & reading all the bloggers….I can state I am now the most educated person on here………
I now have an IQ of 9 1/2 weeks…so there…..
Miracles never cease, Mr. Irish!
My personal IQ is up to 10!
I agree BB. Sometimes we just need to say Thank You to Al for his great site and for the ethics of it too.
David is correct.
This is a great time to buy silver.
Silver will produce great returns than gold in the long term.
Why do primary silver miners not use their spare cash to buy up silver at prices below their production price?
That seems to me to be a better (more cost-efficient) way of “producing” silver.
Interesting point, CFS
They would if they thought it was a sustainable business model. Drop production (supply) and price increases. Cant believe you actually asked that question.
This has been what Cameco was doing with Uranium. I doubt the current primary silver mines have much money left now and they have to use it as emegency fund not silver purchase since they have to show that they are worth investor’s private placement. Poor guys. Raising money is the only thing they can do. I read an article today that silver mine production has dropped over 50 % in Canada and US. I saw a big drop for last year. This year’s number is not out yet.
CFS…..David is only correct….because he listens to me….HaHa.
GREAT, GREAT POINT – Professor!
Yeah, clear as mud, Dave.
Go to APMEX or any coin show in your local area, there is no shortage in silver out there to be had. Can’t believe the premiums people are willing to pay for silver, it’s really amazing.
In the retail market, it is the premium which goes up before any shortage. As long as people is willing to pay the higher premium, there is no shortage. If people don’t want to pay premium, demand drops and there is still no shortage.
The shortage will come in whole sale level since they cannot raise their price above spot price very much. I suspect Shanghai has a lot of difficulty sourcing silver, otherwise why they run down their inventory to such a dangerous level. Exchange looks back if they have to restrict delivery.
Collectors are a different breed Joe!
Joe, where are you? Premiums are very low, tough to even get spot and nobody is buying quantity except at a discount.
Apmex selling spot + .89. For new product.
A better approach is for primary gold and silver producers to try to fix the market. They mismanaged their companies so badly in recent history so this isn’t an real option because they blew so much capital on bad projects and inefficiency. unfortunately sector is run bun by a bunch of greedy idiots that lack the strategic abilities.
My word, death to all of them. They deserve it.
I been around a long time Peter, and I can tell that a lot of folks fall into your category, but definitely not all!
Producers and owners should demand the exchange rate of the world economy divided by the above ground silver bullion supply per ounce. Legal or not it is moral and the right thing to do.
Legal and moral. That is asking to much at this point. Best we can hope for is a major supply bottleneck. Until a major buyer/owner comes forward and demands delivery immediately this BS will continue. Germany was almost there but caved under pressure for somebody(s). The group(s) that hold those December Silver contracts and Switzerland are the next two that I am aware that have the power to blow things up a bit or a lot depending on how they play it.
If nobody comes forward and demands delivery or cant find or buy metal then all indications are that the system is being run legally and morally.
Definitely be interesting to see if this goes anywhere!
Peter….I was very disappointed with Germany bending over & taking something else , other than their gold…….Good grief , the NSA must really hold some nasty dirt , on some of the big names in Germany…What say you ?
Germany central bank is part of the conspiracy. They are guilty so it is why they betrayed their people.
Very possible Mr. Itish!
I know some on here like to listen to Rule & Sprott’s view as well as Morgan’s.
For those who are interested in listening to them,
Rule & Sprott are both on hour 1 of this weeks podcast by J Taylor.
Cheers.
Thanks Skeeta
Skeeta,
BIG fan of Jay Taylor…thanks!!
David Morgan, after following him for approx 3 to 4 yrs is an excellent educator for the silver investor…..not so much predicting MAJOR price action…he just hasnt made the call…that is my opinion.
But you could listen to him all day. David is very bright and well spoken.
“IF” Silver drops another 10%……20%….. 30% ?
.. will Morgan still be viewed as the silver guru ?
Well, we can’t blame David. No way anyone knew it would fall quite so fast or so violently although many of us were predicting a breakdown below support. Another .25 cents being clipped off this morning. Looks hell bent on hitting 15 bucks near future. Wow! I feel for the longs toughing out this brutal decline. They are being beaten into submission. I guess this is where philosophy and reality finally meet the road in an ugly head on collision. David is a very savvy trader though. I would be shocked if he is going to be amongst the accident victims.
I just watched a david morgan interview @ usa watchdog.
Bin awhile since I said it, Sure like this site, thanks to all contributors especially Al for starting it.