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Gold is Above US$2,000, Silver is Playing Catch Up | https://www.themorganreport.com
The gold price hit yet another price milestone on August 4, breaking through US$2,000 per ounce for the first time ever and then continuing to rise.
For David Morgan, all signs show the third leg of the current market cycle has begun.
“The biggest move is in the third leg, which we’ve just entered. Gold proved it a couple of days ago — what you have to have is a new nominal high, which we had in gold, and now we’re getting that round number of US$2,000,” said Morgan, who is the publisher of the Morgan Report. “Silver will catch up in my view, and probably … outperform.”
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