Silver Investor: This Week's Economic Update

Published: Sat, 09/27/14

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This Week's View from Silver Investor
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 Question of the Week


This week we want to bring your attention to an interview on USA Watchdog

See: http://goo.gl/2Il1ep

This interview went into several areas but specifically that the U.S. dollar "strength" is to be expected prior to the BIG run to gold. This theme is extremely important and because it means so much it was also discussed on the Butler on Business interview. This interview has been transcribed below so you can get a visual on just what to expect as investments move down into safer and safer categories.

Butler on Business interview transcribe:

David Morgan follows up on the precious metals.
Interviewed by Butler On Business September 2014

Alan: Silver has been under pressure. We saw a little bit of a pop when Mario Draghi did his thing last week. This is an environment where precious metals should be off to the races and yet it's been down for gold... they are taking gold out to the woodshed.

David: As far as I'm concerned, and this is not about being right, or being stubborn, this is about my analysis, right or wrong. I really think this is the month where we are going to turn around, meaning that the bottoms for both metals could be tested. Silver broke below the $18.17 low that I have been talking about for a long time. The next level of support is the $17.50 area.

Coming back to finding the bottom-At times the powers that be will do their best to find it. So for example when the bullion banks want to determine where the bottom is, just like back in the Rothschild days - read Jesse Livermore's book or do some market studies and verify this, you don't have to take my word for it. You will sell into whatever you want to buy. In other words, you may want to do some short covering in the silver market, the silver market open interest being quite large right now. Which means all the bets - silver going lower are open.

And so right now, the bottom I think is being sold into, in order to pressure it down, to see how much it can take, how much it can be forced lower. When it can't be forced down any more - and that point will be reached- then the open interest will decline and the short positions closed.

Again we've already seen it once, at the $18.17 level, we got that huge inter day turnaround, which is known as a Key Reversal! You'll see that the smart money, the boys that really run this thing, will start to cover. But once they start to cover, they know that the momentum changes. The momentum changes from going down to going up. And I really think, Alan that we are going to see that happen this month. Then will the price jump significantly? Probably not.

Significant enough in that we'll see silver at the end of October at perhaps $20 or so, maybe something like that. Percentage-wise from current levels it will be significant.

Whether I am correct - or not- no one knows with absolute certainty,-the question is how much more downside pressure can the market take before there aren't any more people to sell to at these prices? We'll just have to wait and see.

Read rest of article here... http://goo.gl/U42m5u

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Reminder, the Silver Summit is coming in October. Get details and more information is here...

http://cambridgehouse.com/event/32/the-silver-summit-2014

Best Wishes,

David Morgan

 


 This Week's View from Silver Investor


The Criteria For Investing

Ellis Martin and David Morgan discuss criteria for considering investment in an online video gaming startup that is generating revenue and heading toward potential profitability. If a company is trading at or near book value with possible strong upside, what else do we need to look for before owning the company?

http://youtu.be/RheGak6toms

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Fed Chair Now Faces No Opposition to Money Printing Agenda
China's Central Bank Touts Gold; Exclusive Interview with David Smith.

http://youtu.be/nSVitACpzlA


 


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The Silver Summit 2014

October 23-24, 2014
Spokane, WA

The world's premier silver event is returning to the The Davenport Hotel for the 12th year. Exhibitors include silver explorers, producers and bullion dealers. The world's top silver analysts offer education and insights on silver investments. This conference is a must attend for anyone involved or interested in sector.

For more details and to register, click link below... https://cambridgehouse.com/event/32/the-silver-summit-2014

 


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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.

Silver Investor 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. Silver Investor 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 Silver Investor will not be held liable or responsible for any decisions you make regarding any information discussed herein.
 

 

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