Is the Silver Bottom In?

One of our heroes, David Morgan, A.K.A. “The Silver Investor” was asked this question earlier today. His response:

I will put my neck out and state that as of today, it seems the $12.50 low achieved in Hong Kong a few days ago is THE BOTTOM. As stated in earlier Morgan Reports you should have the ability to buy through the end of September. I am currently in this position myself, meaning I have bought some top tier and a few juniors the past several days, but still have some cash available.

He was also asked if this would be a “V” bottom and move back up quickly, or if it’ll take time to form a bottom. He said:

Frankly, it is too early to know but the odds favor it will not be a V bottom, although this would certainly be my wish. Normally, when this much damage has been done to the price it takes TIME to repair the damage and rebuild. However, it is very difficult to predict since the physical demand for both gold and silver is so strong at these low prices, the market may bounce back strongly.

At the risk of looking trite, the adage of “No pain–No gain” certainly applies to us. The pain in this market has been prolonged and significant yet as stated in the last update to you, what other sector provides the protection and potential for large capital gains over the next 3-5 years?

◊◊◊◊ Now: Gold @ $829.10, Silver @ $13.58, USDX @ 76.68 ◊◊◊◊
◊◊◊◊ Now: DJIA 11,605.92

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