Tuesday, May 9, 2017

David Morgan’s Weekly Perspective with for May 6th, 2017

from The Morgan Report

David Morgan notes that the Canadian housing bubble has popped. Its banking system has crashed. Not like when the US housing bubble popped. Canada is only 1/10 the size of the US’s economy. Puerto Rico has filed for bankruptcy. Doctor Copper is showing weakness. The only base metal with upside potential is Zinc. Singapore is investing in artificial intelligence. Gold-backed cryto currencies. Could definitely be part of a trend. Gold prices under pressure from better than expected US economic data. Gold could be going later. Silver has also been under pressure. Chinese demand for gold bars and coins has surged by 30 percent. Mis-management of natural resources is bringing the West down.

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