Fundamentals for Precious Metals Have Never Been Stronger

Morgan Report/Silver Investor
"The intermediate term forecast is for the metals to back and fill in here for most of the rest of the year. At this time I still expect to see gold over $900 and silver at $15 by the end of 2008. It could go much higher, depending upon world events, U.S. election results, whether the CFTC finds any untoward activity, or the general unwinding of the debt based financial system. Simply stated again, the fundamentals for owning gold and silver have never been
greater.

The primary outlook is for the metals to accelerate into the first quarter of 2009. We are looking for gold to hit the $1250–$1300 level and silver to trade above $25 possibly getting into the $30’s. But I want to be extremely clear on this point. There is also a significant possibility that the metals will experience a sell-off once the old highs (March 2008) are approached. We could easily experience gold not pushing through the $1,000 level and silver backing off from the $20 level."

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