Silver Investor: This Week's Economic Update

Published: Sat, 11/12/11

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What's Inside:

  • Question of the Week

  • Article of the Week

  • Video of the Week

  • Audio of the Week

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    Question of the Week

     

    Question: I have a question about silver. When you said you bought silver for $12 and sold it for around $48 was it [an] official recommendation? Now you mentioned silver is a great buy below $30; is that an official recommendation (like $12–$48?)? Where do you think silver will go? What if Greece defaults and silver goes below $20?

    Answer:  I bought silver below $5 initially. What you are referring to in your first question is the look-over-my-shoulder service known as Basic Plus, and I entered a leveraged position at $19 (not $12) and rode it up to around the $48 level. There were several profitable trades all the way up to the final sell recommendation. We do not given specific trades but we are allowed to show exactly how we are approaching the market.

    Silver is a great buy under $30 for the physical market! I have not put on any leveraged trades myself recently, and again, that is an advanced service, which costs more, and most people are better off not trading. I think silver is going higher—how much, remains to be seen but I am on record for $100 silver. If Greece defaults, why would it bring silver to $20? Why not shoot it up to $50?

    David Morgan

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    Article of the Week

    How to Trade This Headline Driven Stock Market
    With all eyes on the unemployment report and Europe, the CME Group’s PR Department nearly created an all out panic with their announcement after the market close on Friday relating to futures maintenance margin. The original statement was vague and I was quite concerned until I checked out the CME Group’s web-page and the PR Department sent an update clarifying their position. At this point I think the crisis has been averted, but this is just another reminder that we live in “interesting times.”

    Keep in mind that if the CME starts raising margin rates across the board for futures contracts in order to protect themselves stocks and commodities could collapse. Silver recently has is margin rates increased and silver since then dropped 25% in value. So imagine if they raised the rates for more commodities…

    Read the rest of article here...

    http://www.silver-investor.com/blog/silver-market-update/how-to-trade-this-headline-driven-stock-market/

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    Video of the Week
    Fate of Gold Hangs on Europe
    David Morgan, founder of Silver-Investor.com, reveals what happens to gold if worries over Europe's debt crisis wane and what happens if another crisis erupts.
     
    http://bit.ly/vqT384
     
    David Morgan, The “Silver Guru” of “The Morgan Report” Explains Why He is “More Bullish on Silver Now” Silver Summit Conference 2011 Video Interview 
     
    http://stocknewsnow.com/?p=2215
     
    Gold Stock Bull Investment Strategies
     
    I have come across an excellent newsletter that focuses on finding undervalued junior miners and also covers agriculture, energy, rare earths and strategies for profiting when the market declines. The newsletter is the Gold Stock Bull Contrarian Report and is put out by Jason Hamlin.   I met him a few years ago when he was speaking at the Cambridge House Investment Conference and recently had a chance to reconnect and check out his work.  He provides quality research into the current economic landscape with a focus on maximizing profits in precious metals.  He has a knack for making the material entertaining to read and has racked up an impressive track record over the past several years.  
     
    If you are looking for an excellent newsletter, I highly recommend checking out his work .
     
    http://www.goldstockbull.com/members/go.php?r=1005&i=l2

    David Morgan, founder of Silver-Investor.com, reveals why he is cautiously optimistic on gold despite the potential for weaker prices in the short term

     http://www.thestreet.com/video/11292744/cautiously-optimistic-on-gold.html#1247046233001

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    Audio of the Week

     

    David Morgan on the Fundamentals of the Silver Market
    Is the price of silver manipulated?
    Silver expert David Morgan joins Jim on Financial Sense Newshour this week to discuss the fundamentals and drivers of the silver market, as well as the controversy of potential price manipulation.
     
    http://bit.ly/vV78ax
     
    Tracy Weslosky Interviews David Morgan on the Currency Market, the Market 'Correction' & Gold/Silver
    This week on CurrencyCountdown.com, Tracy Weslosky CEO for Pro-edge Consultants Inc. interviews David Morgan of Silver-Investor.com and starts her questions on the unusual activity in the currency market. Citing the Australian 29 year high, David discusses the market 'correction' and Tracy describes the differences between this week and 2008 and references investors who are buying; while David describes the benefits of gold and silver to safeguard one's self in a downward market.
     
    http://bit.ly/rBnHLX

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    Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader. Stone Investment Group is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. Stone Investment Group and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that Stone Investment Group will not be held liable or responsible for any decisions you make regarding any information discussed herein.
     

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