PREPARE to Be SHOCKED! It's GAME OVER For Gold & Silver When This Happens? - David Morgan
David Morgan is a prominent figure in the precious metals industry, renowned for his deep expertise as the publisher of The Morgan Report. Foreseeing a golden horizon, Morgan envisions a robust fourth quarter in 2024, projecting record-breaking highs for gold in 2025. Morgan remains bullish on gold and silver, predicting an algorithm-driven momentum. He foresees this shift occurring soon, with growing signs of a stock market peak and subsequent fall. In the early stages of the pandemic, stock markets experienced sharp declines as uncertainty and fear gripped investors. Gold prices, on the other hand, soared to new highs as investors sought a safe haven amidst the turmoil. The S&P 500 fell by over 30% in March 2020, while gold prices increased by more than 20% during the same month.
In the metals market, Morgan states that despite potential temporary sell-offs, gold will rise significantly as the stock market declines, predicting substantial gains in the commodity sector, driven by shifting investments from stocks to gold. Gold plunged on Monday as traders assessed the implications of a major global stock rout.
Spot bullion fell as much as 3.2%, the biggest single-day drop since early June. Other precious metals have also fallen sharply, with silver down by as much as 7.2%.
In an intriguing analysis, David Morgan emphasizes the importance of price levels in silver trading and the potential impact of high-profile investments. He speculates that significant figures like Elon Musk could boost market interest and awareness. From 2023 to 2031, the Silver Economy market is projected to grow significantly. With a CAGR of 14.97%, the market value is expected to reach 172.15 billion by 2031. In 2024, the market is anticipated to be valued at 74.55 billion. This growth is driven by technological advancements, increasing demand, and expanding applications across various sectors.
Highlighting the importance of silver, David Morgan notes that military equipment relies on it for its efficiency in batteries and circuitry. He underscores that increased military activity would drive up silver demand as weapons are destroyed and replaced. The precise effect depends on the extent of the conflict. The persistently high demand has precipitated a marked increase in silver prices, with the commodity reaching 28.84 dollars an ounce — the highest closing value in over a decade. This trend is likely to continue as the demand-supply gap widens. For investors, this presents substantial opportunities in the silver mining and photovoltaic manufacturing sectors.
Silver continues to shine as the standout precious metal of 2024, even after experiencing a minor setback last week. The metal has significantly outpaced gold in percentage increase, marking a remarkable performance in the financial markets.
According to Morgan, rising industrial and investor demand will likely push silver prices higher as supplies decrease. He notes that increased awareness will amplify this trend, although technological advances could influence the market.
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