David Morgan: Summer Will be Slow, but Look for Strength in Q3 | Summary and Q&A

TL;DR

Steve Morgan believes that both the crypto and cannabis sectors will outperform gold in the coming year, but still recommends a 20% hedge position in gold. He also shares insights on the current state of the gold and silver market.

Key Insights

• 🏅 Steve Morgan predicts that the crypto and cannabis sectors will outperform gold in the near future, recommending a balanced allocation for investors.
• 🧘 He emphasizes the importance of maintaining a 20% hedge position in gold.
• 🏅 Gold has been holding up well despite the US dollar's rally, while the silver-to-gold ratio favors silver as an investment.
• 😘 Higher lows in the gold market indicate the possibility of a bottoming process.
• 🏅 The gold-to-silver ratio and gold-to-Dow ratio provide insights into the relative value of gold and silver.
• 🤘 Historically, summer months tend to be less favorable for metals, but the third quarter is usually good for metals' performance.
• ❤️‍🩹 The end of the year might see an increase in gold investment due to potential problems in debt and equity markets.

Transcript

I'm Charlotte McLeod with the investing news network and here today with me is Steve and Morgan publisher of the Morgan report thanks so much for today this morning you participated in a panel I was quite interested to see that you're on this now because I know you like gold and so we're in this debate did you end up coming down well I came down on... Read More

Questions & Answers

Q: Do you think the crypto and cannabis sectors will outperform gold this year?

Yes, I believe that both the crypto and cannabis industries will outperform gold in the coming year. However, I still recommend maintaining a 20% hedge position in gold.

Q: What other investment classes do you suggest besides gold, crypto, and cannabis?

Apart from gold, crypto, and cannabis, I recommend diversifying your portfolio with investments in real estate, cryptocurrencies, mutual funds, or the general equity market to achieve a balanced allocation.

Q: What is the current support level for gold?

While many see the key support level for gold at around $1300, I don't consider it to be the exact number. Gold has been holding up quite well despite the US dollar rallying from 88 to 93. It indicates that gold's loss is relatively moderate compared to the dollar's gain.

Q: Why is silver considered a favorable investment over gold at this time?

Currently, the silver-to-gold ratio is about 80 to one, which favors investing in silver over gold. Two days ago, when gold and silver both saw a drop in percentage, the fact that silver held its own suggests its strength. Typically, silver leads both up and down in the market.

Summary & Key Takeaways

• Steve Morgan predicts that both the crypto and cannabis industries will outperform gold in the near future, but advises maintaining a 20% hedge position in gold.

• He emphasizes the importance of balance in investment portfolios, suggesting diversification with real estate, cryptocurrencies, mutual funds, or general equity markets.

• Steve Morgan shares insights on the gold and silver market, highlighting the support level for gold, the silver-to-gold ratio, and the potential bottoming process for gold.