David Morgan Precious Metals Update 1/7/21 (Video)
David Morgan Precious Metals Update 1/7/21 Video from Financial Survival Network
David Morgan appeared for FSN while I continue to recuperate from Covid-19. David is doing his usual outstanding analysis of gold and silver prices. According to David gold is now in a cup and handle pattern, the most powerful formation we can observe. David thinks we are in a 2-3 year move. We’ll be breaking 2000 gold and once that happens, we’re looking at the final leg of this massive movement.
David talks silver and the picture is very encouraging. Platinum, Palladium getting ready for the next Platinum move. The market is telling us that it could be time to get out of Palladium and into Platinum.
Silver isn’t quite in a cup, but it won’t be long. Keep a close eye on the silver chart. We’ve seen a flat 5 year silver chart. The last year saw a move to $30 and a consolidation. We’re pushing towards the $27 level. Volume is the key. If you don’t know the volume, you don’t know anything.