Don't listen to David Morgans price predictions, he has no idea what the price will be. He predicted $65 silver 2 years in a row....
I believe David Morgan when he says the metals will go up. So, it's not $65 in 2012 or 2013, don't mean it won't happen in 2014 or 2015. I'm not selling my silver stack just because David Morgan's prediction did not come true. I'm being patient.
Look at IShares Silver Trust shareholders. They held their shares, despite the price drop. And that's paper represented but allocated silver. If they would have sold, the price drop would have been bigger. Their gold equivalents sold big instead. This illustrates the crucial difference between golds and silvers market. Golds is bloated with central planning entities / big money for nothing funds, while silvers consists of many small fish attempting to hedge against the central planning theft. I'm patient too. And I won't 'offload' high by bringing another stacker in the red. I don't hope for that $65 in the next years, because I'm in my saving phase, and want to save cheaper.
I have bought a lot of silver the last few months, so I will probably not buy anything at all next year. Instead I might buy 2-4oz gold if a have some money (which is not that likely since we are planning to buy a house next year)
David Morgan was one of the many gold/silver cheerleaders that go it right on the way up.............but failed to see...........the market dropping 50% with the potential to knock 90% off the miners.. They will eventually be right again.....until the next fall....... Dangerous analysts to follow.....they are only 50% correct........which would be the same as you and I.
The final bottom is close. Lots of well known names being shaken. Eric sprott just got booted from the top job at his own firm. I think that is a key turning point in itself.