With the recent Fed rate hike and the official end of “accommodative” policy at the Fed, gold and silver sold off. However, this short term sell off will not indicate a long term trend, top industry expert David Morgan says. Raising interest rates will not make a fundamental difference unless rates go above actual inflation, which Morgan argues is multiples of the government reported inflation rate.
There is no silver shortage right now, says top silver expert David Morgan. But he says data from the Commitment of Traders report makes the precious metal markets look bullish, but time will tell.
The new NAFTA deal will not help the economy, Morgan says. What we need is true free markets, Morgan says. But he reveals no markets are free because interest rates are controlled by central banks.
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