The Morgan Report

The Weekly Perspective with David Morgan 6.25.17

Debt markets is awash in $9 Trillion in government debt, much of it trading at negative interest rates. Fundamental analysis is dead according to Wolf Richter. Everythiing is trading at stratospheric valuations, especially the FANG stocks. The algo's are running the show. Most of what they're trying to predict cannot be predicted with certainty. Once the selling starts, the Algo's may pile on the selling just like they piled on when it was going up. Without fundamental analysis, how can stocks stay up. Commodity prices are at major lows. Interesting times indeed. When the system thwarts honest, hard working people, the system has failed. The system just grinds them down. And from Mises, colleges degrees are becoming valueless. Students no longer think critically. Tuition is increasing but future incomes are falling. PM weekly update--range bound in a trend. A little more to go on the downside. Let's see where they go from there. Palladium blows the whistle on the LME. Palladium lease rates are going way higher. Sign of things to come? 

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22 major retailers facing imminent bankruptcy. Economy never really recovered from the 2008-09 crash. Everything is not fine, Trump cannot solve the problems. Nothing has changed. Jim Rogers is warning that the next crash is going to be the biggest by far. Jim is very plugged in and you need to pay attention. 22 Natgas companies are cashflow negative. Wheat fungus in NW is impacting food prices and will send them higher. Cattle is definitely being affected. They can't turn a profit. Smart money is about to start pouring into PM's? David believes that it's starting to happen now, under the radar screen. Asia now has over 1 billion obese or overweight citizens. We're leading an unbalanced life. 

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Consultation with David Morgan

US auto sales fall for fifth straight month in May. The auto companies are channel stuffing, trying to find a place for cars that nobody wants.  Stock market is hitting records as the real economy declines, witness luxury retailer Michael Kors who's closing hundreds of stores. Bitcoin to hit $100k in 10 years, according to Kay van Peterson. Its total capitalization could increase to $1.7 trillion or $100k per coin! Military tensions continue to increase between the US and North Korea. They've been repeatedly testing missiles in direct provocation of the US. Can it be peacefully settled? Time will tell. Shell and Conoco getting ready to dump shares in Canadian Oil Sands. Billions could be hitting markets shortly. Opportunities in the GDXJ with its upcoming rebalancing. David likes a certain small miner that can retrieve scrap pm's from old electronics without using cyanide.  

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Consultation with David Morgan

David Morgan is best known for his commentary on precious metals, particularly silver, but as he's emphasized in the past, The Morgan Report covers a wide array of commodities and investment opportunities. At the recent International Metal Writers Conference, he proved that point with a presentation that covered precious metals and the blockchain.


"[Cryptocurrencies are] the hottest thing going," he told the Investing News Network after his talk. "And the volumes are increasing, which means it's sustainable. So it's high, and as quickly as it's rising, I expect to see it continue for some time."


Personally, Morgan isn't currently interested in getting into the cryptocurrencies market, but he said that doesn't mean it's a bad place for investors to be. "I'm free market. I think if anyone wants to be into cryptocurrencies, have at it — I think if you're nimble you can get into almost any of them and make money," he said, adding, "I would just caution people to use a free trade, which means once you double your money take your original capital out and let the rest ride."

The Weekly Perspective with David Morgan May 26, 2017. Moody's downgraded China. Chinese took issue with the action. Aussie dollar dropped, the Chinese Yuan was unmoved. Hong Kong spill over with increased risk to Chinese Economy. Housing bubble popped in Canada keeps getting worse. Growing poverty in Europe feeding extremism. Fertile ground for rightist populist movements. People have had it. Bankrupt Westinghouse has terminated pension plans for top management. Bitcoin surged to record. Stay tuned for David's take on the crypto-currencies and precious metals. China accuses US of trespassing in the South China Sea. Increased global tensions. Terrorism fears in Asia as a number of terrorist attacks take place there. Brazil's president orders troops to restore order there. Protesting economic reforms. Auto industry to be uprooted by self-driving vehicles and individual car ownership may become obsolete. Socialized automobile transportation is coming. And finally, America's public pensions are in real trouble and there's no way out. Gold and silver, London's gold benchmark after several banks have withdrawn thus increasing volatility. 

David Morgan says the spike in Bitcoin shows people worldwide are escaping fiat currencies. Unlike gold and silver, Bitcoin can’t be shorted. If gold and silver prices weren’t manipulated, he says, also they would be skyrocketing right now.

Sales of cars declined by all automakers and in all markets--Carmageddon. As goes GM, so goes the nation. Just take a look at Detroit. Channel stuffing has been taking place, putting new cars on lots around the country to make things look rosier. Portends for future economic problems. Stocks sank big time this week. Due to Trump admin. The Morgan Report put out an alert due to a change in auto sales. Crypto-currencies what's going on there. Ransom ware isn't collecting much ransom. For the first time Bitcoin makes up less than one third of crypto-currencies. Keep you eyes open and aware. Gold appears to have bottomed. Stocks selling off. Silver price forecast for 2017, available free.

Weekly perspective for 5-12-2017. Japan's government debt reaches record high. 10 trillion is one of the most indebted countries in the world. They've been rolling up the debt for decades. Moody's has downgraded Canada's Big 6 banks. Another sign that the debt problem is global and systemic. David Stockman says that the market is on big bubble waiting to pop. Stock market since March has shown great gains from the go-go stocks but the broader market isn't doing so well. Look for a market fall in the fall. China is on track to totally phase out paper money, ironic the first country to introduce paper money will be the first to phase it out. And bitcoin hits another record, $1800. Interesting to say the least. Metals are lackluster. HUI has had a few strong days. Texas is trying to pass the Texas Depository to hold the people's gold.

From our liberty threatened by a cashless society, to unbearable counter-party risk in our pensions, government insurance and banking leveraged inconceivably, we are poised on a precipice far graver than in 2008. Silver guru and author of TheMorganReport.com, David Morgan, returns to Reluctant Preppers to simplify and break down the critical principles of complex systems theory and spells out the stages of the coming collapse. Morgan claims the vital importance of ethical integrity and mental and spiritual preparation ahead of the next reset, and offers some practical ideas on how we can both survive and show compassion through times of crisis. Share this with all your family and friends!