David Morgan: Mainstream Media Won't Tell You This About Miners

TL;DR

Silver's performance in 2019 was decent, but it lagged behind gold and palladium. Mining stocks, on the other hand, performed exceptionally well. The key price levels to watch for silver in 2020 are breaking $20 and achieving a 30% gain.

Transcript

I'm Charlotte McLeod with the investing news network and here today with me is david morgan publisher of the Morgan report thanks so much for being here today so he's fun with you thank you yes and it's our first time talking this year so let's start off with a short recap of 2019 were you happy with Silver's performance last year I was happy it wa... Read More

Key Insights

• 🉐 Mining stocks had a stellar performance in 2019, with an average gain of 63%.
• 🤩 The key price level for silver in 2020 is breaking $20 and achieving a 30% gain.
• 🏅 Gold is driven by its safe haven status and uncertainty in the market.
• 💨 Crypto markets have affected the silver market, drawing some investors away.
• 🤘 The precious metals market is influenced by geopolitical events and uncertainty.
• 🥺 The transition to robotics and automation may lead to a significant displacement of mining labor.
• 🤘 The battery metals sector is expected to see innovation and growth in the next decade.

Questions & Answers

Q: How did silver perform compared to other precious metals in 2019?

Silver's performance in 2019 was not as impressive as gold or palladium. It gained $2 but didn't outperform gold or palladium in terms of percentage increase.

Q: What was the performance of mining stocks in 2019?

Mining stocks had an exceptional year in 2019, with an average gain of 63%, outperforming the S&P 500. The best performing asset class in the S&P 500 were the miners.

Q: What are the key price levels to watch for silver in 2020?

The key price level for silver in 2020 is breaking $20 and achieving a 30% gain. Reaching these levels would confirm a bull market for silver.

Q: How do geopolitical events and uncertainty affect gold and silver prices?

Geopolitical events and uncertainty drive up the price of gold, as it is seen as a safe haven asset. While silver is also influenced by these factors, the rise of cryptocurrencies has diverted some investors from silver to crypto markets.

Summary & Key Takeaways

• Silver's performance in 2019 was not as strong as gold or palladium, but the mining stocks had a stellar year with an average gain of 63%.

• In 2020, breaking the $20 price level is crucial for silver, and a 30% gain is desired to confirm a bull market.

• The outlook for gold and silver is positive, with substantial gains expected in the next few years, possibly reaching levels of three or five thousand dollars for gold.