Silver Guru David Morgan joins Kerry Lutz to discuss the recent crash in gold and silver market silver went down almost 25 percent in two days Gold also lost almost $150 in a week and is down $250 from its all time high of a couple of weeks ago , we are in an extremely over sold market says David Morgan , but these are sell off mostly due to the fact that these are highly leveraged markets , the moves in these markets are based on the paper market they are based on the futures and options markets and ETFs they are not really reflective on the fundamentals of the physical gold and silver markets
I'm willing to bet tht gold will go lower again in the near term.....why yo may ask....this week they raised the metal margin requirements again starting the week of Sept 26, 2011...stay tuned for another down draft....looks like they want a gold/silver crash to cash people out ?
ReplyDeleteI'm willing to bet tht gold will go lower again in the near term.....why yo may ask....this week they raised the metal margin requirements again starting the week of Sept 26, 2011...stay tuned for another down draft....looks like they want a gold/silver crash to cash people out ?
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