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Gold Headed for $2,500 an Ounce?

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    The Morgan Report Publisher David Morgan on the outlook for gold, silver and copper.

  • Duration 3:21
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All right let's get -- on gold right now it's trading at 1597.

Dollars.

Now my next guest says it could shoot up to 2500.

Dollars an ounce.

Joining us now David Morgan publisher of the Morgan report David I'm so glad you're here I 2500 dollars is that because of inflation fears.

-- this whole global currency mess.

Both it's a global currency mess and inflation fears that oregano start -- probably anytime I know there's this deflationary scare are currently.

And the lot of people are not spending that she said.

But don't want to the -- money picks up and there's no way to really accurately predict that you'll see higher prices of gold and silver.

Now they typical commodity bull market -- is -- seventeen years -- where are -- in the cycle back.

We're in about twelve years right now so the competitive five years left.

Wow -- does that also include silver in this commodities bull market.

Absolutely although the way I -- -- over it actually started after gold's bull market started start about 2003.

But that's not on typical of silver but it even if it's the same duration and counted at the same starting point we stop another five years -- -- in the silver market perhaps longer.

Now let's -- any about copper because it's an indicator of our global economy right now copper prices up over the last five days but you're saying.

Don't buy that you don't actually think -- -- well.

I don't well I will let the market tell -- have always stated -- the market smarter than any of us if copper were to trade above four dollars and start to get a good base there and go up.

It would be signaling loud and strong I think anybody paid attention that this global problem is behind -- -- is from the commodities perspective.

And I know things are you go up up but away and get food commodities perspective in other words.

People might be buying commodities -- to preserve well thank regardless of actual build out it is.

So what -- you buying right now are what would you tell people to buy right now gold silver copper are all the above.

Just gold and silver I think that both -- -- -- bid in big downtrend about the last six months.

The right the house each of them of breaking up through that downtrend line.

Both -- -- their support levels of 1550 on gold.

And silver in the twenties -- of 26 levels have been about five times -- right at that point and look really good next time we talk to -- you're really that.

But I think we're gonna see -- both gold silver move to the upside here and I'll look some pretty good moves up by the end of the year.

See you -- -- -- on gold over the next five to six years that would basically be the end of the commodities bull market 2500 then being the top.

The at a minimum Tracy that's to a 500 is that 850 dollar price adjustment plan inflation.

That it hit in 2000 in the to -- -- 21 1980 and that's a minimum because remember in 1980 that poured nearly the problems in the united states -- -- currently I mean this is a global debt problem now.

So I really think that's a minimum I mean guidance -- Hong Kong Robert macular and one of the most.

Notables in the industry talked about 5000 dollar gold class some actually on probably the low side but I would look at that as a minimum target over the next five years as far as the near term target by the -- -- -- I think -- commit get back to 171750.

I think a lot of gold bugs copyright David -- and you generally are we -- -- -- -- --

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