Precious Metals Prices – Silver Breakout or Silver Fake Out? Mike Maloney and David Morgan

In this video Mike Maloney and David Morgan are together in Puerto Rico. They look at the precious metals charts. Both feel that a rise in precious metals prices is coming but speculate on whether this indicates a breakout or fake out in precious metals prices.

Spikes in volume in the last few days indicate this move up in precious metals prices will probably be sustained.

Mike is hoping that the price will come back down so he can make another large purchase. Mike believes we will see silver in the $30s by the end of the year.

David wants to wait a little longer for confirmation. He is also a little more cautious in speculation for the price of silver by the end of the year. David believes it will be in the $20s.

We are probably at the lowest sentiment level. David believes precious metals prices are on their way. But he is a little more cautious.

Sentiment is so important. Mike wants to buy when everyone else is not interested. No one is interested in gold or silver now. Sentiment is at extreme negative levels.

Tremendous increase in volume and that has not changed. Sentiment is low but volume is high. That indicates there is a lot of institutional interest despite the press you may here.

We are at the end of the coil patter and both Mike and David believe that we are the end of the coil pattern and the precious metals prices will be rising.

Commitment of traders is impressive. Speculative longs are short five weeks in a row. The net position of commercials is only a couple of percent.

When you put all of these factors together Mike feels it is a great setup and he is going be making another large purchase of silver if the price goes back down to 17 dollars but he might even pull the trigger and make a purchase now.

Get a copy of Mike Maloney’s book. It is the best selling guide to investing in gold and silver: [easyazon_link identifier=”1937832740″ locale=”US” tag=”profitnow-20″]Guide To Investing in Gold & Silver: Protect Your Financial Future[/easyazon_link]
[easyazon_image align=”none” height=”160″ identifier=”1937832740″ locale=”US” src=”” tag=”profitnow-20″ width=”107″]
[easyazon_cta align=”none” identifier=”1937832740″ key=”small-light” locale=”US” tag=”profitnow-20″]

Mike is an educator and author of the Hidden Secrets of Money video series available at

Join the Morgan Report Weekly Perspective e-newsletter:
Morgan Weekly Perspective – Free List

You can also join David Morgan’s subscription based newsletter:
The Morgan Report

Get a copy of David’s Latest book, [easyazon_link identifier=”1483460355″ locale=”US” tag=”profitnow-20″]Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Shock-Wave[/easyazon_link]. Think you might have missed out on the profits from the precious metals price rise? In this book David shows you not only that you have a second chance to profit from precious metals. But just as importantly how to keep your profits.

[easyazon_image align=”none” height=”160″ identifier=”1483460355″ locale=”US” src=”” tag=”profitnow-20″ width=”107″][easyazon_cta align=”none” identifier=”1483460355″ key=”small-light” locale=”US” tag=”profitnow-20″]

Listen to the Precious Metals Investing Podcast

You can listen to some of the episodes right here at Precious Metals Investing Podcast

Or even better yet subscribe to the podcast on iTunes here: Subscribe To Precious Metals Investing podcast on iTunes

Android Users can subscribe to the Precious Metals Investing Podcast at Google Play here:

Subscribe to the Precious Metals Investing podcast on Google Play

DISCLOSURE: If you purchase items though the links on this site such as the Amazon Links, will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.

The content provided here is for informational purposes only. Investor’s situations vary so make sure you consult with your own financial adviser before making any investment decisions. Not all investments are suitable for all investors. Users agree to hold, its owner and affiliates, harmless for all information presented on the site. presents no warranties. is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access, any linked content, or the reliance on any information on the site.

The information contained on this site does not constitute investment advice and may be subject to correction, completion and amendment without notice. assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result. The information supplied by the experts featured at are assumed to be accurate.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top