GoldSeek Radio Nugget -- David Morgan: Algorithmic traders could flood into the gold-silver sector
The silver-investor, David Morgan outlines his bullish outlook on Goldseek.com Video! (Viewers, please note that David is doing well, the stain on his lips is from health supplements).
David Morgan examines the volatility that returned this week to US equities, suggestive rough seas ahead.
Gold looks solid, following a recent double bottoming pattern
Once gold closes above $2,000 for a few days in a row, algorithmic traders could flood into the sector.
Silver is in a trading range, carving out a channel formation; he's watching for a move above $24 with heavy volume to signal the next big run to new highs.
The current recession will clear the financial arena, helping solid companies to emerge as more efficient producers.
It is advisable to begin preparing for challenging times ahead, at home, in the financial markets and the global marketplace.
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