David Morgan: Algorithmic traders could flood into the gold-silver sector

Goldseek Radio, Released on 1/27/23

David Morgan examines the volatility that returned this week to US equities, suggestive rough seas ahead.Gold looks solid, following a recent double bottoming patternOnce gold closes above $2,000 for a few days in a row, algorithmic traders could flood into the sector.Silver is in a trading range, carving out a channel formation; he's watching for a move above $24 with heavy volume to signal the next big run to new highs.The current recession will clear the financial arena, helping solid companies to emerge as more efficient producers.It is advisable to begin preparing for challenging times ahead, at home, in the financial markets and the global marketplace.

David Morgan is a world-renown precious metals aficionado. He is the creator of the Silver-Investor.com website and The Morgan Report, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get the Skinny on Silver Investing and his latest book, The Silver Manifesto.

David Morgan: Algorithmic traders could flood into the gold-silver sector added by Herman James on 01/27/2023View all posts by Herman James ?+'

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