Senior Analyst, The Morgan Report; Professional Writer via The Write Doctor. Inc.

David H. Smith is Senior Analyst for The Morgan Report  and a columnist at Money Metals Exchange. Through his business, The Write Doctor, Inc. he is a professional writer for a number of ... more

ALL CONTRIBUTIONS

Love. Fear. Inflation. A Precious Metals' Trifecta
Going forward, there are – and will continue to be – three primary drivers of global physical gold (and silver) demand.
Read
Money Metals Gold, Silver, And The Miners Interview With David Smith
Why the metals are confirming a new bull market; How and why Gold and Silver prices have a strong correlation. Audio length 00:28:33.
Listen
Silver: Dry Kindling Awaiting A Spark
The best way to make significant money with defined risk is to spot an investment vehicle that is out of favor, trading below production cost, moving into longer term deficit, yet needed and desired by people around the globe. A vehicle like silver.
Read
There's Something Worse Than Having A "Losing Position"
When your investment efforts hit a wall and you feel like you've failed, keep on going a bit longer. Don't quit and give up like so many others do. To succeed and prosper, don't allow yourself to stop just..."three feet from gold".
Read

Comments

Latest Comments
There's Something Worse Than Having A "Losing Position"
3 years ago

Kurt Benson,

No one who is honest about the matter can (or should claim to be able to) predict the future. All we can do is take a deeply studied, considered approach, and then act (or not) based upon probabilities. These decisions will be informed by what has happened in the past, by an understanding of human nature - theirs and ours, and by looking at the convergence of certain unique factors which are now in play. Compare the 1980 gold bull market, which was a rather localized affair, with virtually NO participation by India and China. Now we have synchronized stock bear markets around the globe, massive debt at all levels, trillions in derivatives, generational sea changes socio-politically, etc. Last year China bought virtually all of the 2015 global production of gold; India bot 40% of the silver. The shift from physical holdings is moving massively from West to East. Ultimately, price discovery - based upon physical metals rather than paper substitutes, will be moving in that direction as well.

Of course I could be wrong. But I set out my plan, thought and researched deeply about it, and am now implementing it. The plan offers insurance first; (the possibility of) profit second. The best to you in whatever you decide, Kurt.

In this article: GLD, SLV
There's Something Worse Than Having A "Losing Position"
3 years ago

Currency Trader,

I could list a couple of dozen fundamental and technical reasons - most of which you already probably know about - for this belief. Above all else, I follow the dictum that all bull markets go through three stages, the last one being a public-mania fueled blow-off top. In my considered opinion 2011 was the end of stage 2, and that is why I lightened up in May 2011, but did not close out all of my positions. I did not (nor did anyone else who will be honest about it) expect the cyclical bear to last so long or go so deep), but as I bought/sold on the way down, never losing my belief that the third and biggest up move was still in play, as the secular bull remained alive. As we move into this last big rise over the next few years, I will be selling most of my positions in the miners and resource sector plays - into all-time highs as the public-fueled buying (on a global basis) takes the best miners into moon shots. --Please note that I am not giving financial advice here, rather I am informing your opinion so that you can choose (or not) to lead it yourself. I wish you the very best in this endeavor.

In this article: GLD, SLV
1 to 2 of 2 comments

STOCKS I FOLLOW

AG First Majestic Silver Corp.
AXU Alexco Resource Corporation
EXK Endeavour Silver Corp.
GG Formerly Goldcorp Inc. (see NEM)
PRPCF PROPHECY COAL

TWEETS

PERSONAL BLOG

Latest Posts

Work Experience

Education

Publications