Despite gold hitting a five-month low on Wednesday, David Morgan of The Morgan Report maintains his bullish medium-term outlook, citing strong fundamentals still in place.
"I'm not going to back off, and it's not because I want to be right, it's actually what my analytical work shows," Morgan tells Kitco News on the sidelines of the International Mining Investment Conference in Vancouver.
Morgan noted that now is a great buying opportunity for investors, while he favors silver over gold.
"Silver is always more highly leveraged and I favor silver right now because of the 80 to one gold-silver ratio," he said.