Okay...fair enough. Click link and listen then come back here.
Click here for David Morgan Interview
In fact, if its 20%, hes saying we should see $29 again.
How is silver overbought here when in inflation adjusted terms, not even considering a 90% depletion in real physical since then, spot should be at $80...how can he say its overbought? Overbought like on a daytraders timetable? Overbought like I cant get my hands on physical for 3 weeks now and 100 oz bars are undisclosed wait times now? Overbought like JP shorted another 6000 contracts overbought and if they didnt it would be at $50 today? Overbought like the DOW/NAS/SP500? WHY IS SILVER OVERBOUGHT and WHAT TIME LINE ARE YOU USING?
I think Mr. Morgan has been talking with the other Morgan of JP. He's beginning to sound suspiciously 'overbought' himself.
So is it going to cost me $8000 a year for his premier membership on his website to tell me silver is going to correct 10%?? Crist, it has 5%-10% moves weekly up and down. How about letting us know if we will have a 20% correction towards its true value of $80 right now instead of pumping JP Morgans agenda.
Here is the link to his site and subscription details.
Click here for subscription details
I'm not attacking, but I'm skeptical. The website tries to suck your email from you like 100 times. Verbatem, "David considers himself a big-picture macroeconomist."
Okay so is the big picture $500 silver? Or intermittent 10% 'pullbacks' in which Blythe can unload a bottomless pit of money at?
Dont get me wrong, hes been around since age 11 investing in silver...but every time I hear him lately he sounds like Blythe's undercover PR team helping slow the train with them.
Maybe I should get his premier membership for $8000 and see what insights I can gain.
Spot may go to $ZERO, but physical may be gone, so is that still considered a correction?