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Jason Burack of Wall St for Main St interviewed returning guest,
the silver guru, David Morgan of The Morgan Report http://www.themorganreport.com/.
TheMorganReport.com [Get the Free Report 'Riches in
Resources']
David has decades of market experience working in the financial
industry and investing and trading markets. David has also written
2 books about silver, the Skinny on Silver and his new book, Silver
Manifesto.
David is also the CEO of a new precious metals royalty and
streaming company, Lemuria Royalty.
Purchase the Silver Manifesto here:
http://www.amazon.com/Silver-Manifest...
http://www.audible.com/pd/Business/Th...
During this 35+ minute interview, Jason asks David about the recent
announcement from the Sprott Physical Silver Trust (PSLV) that they
are buying approximately 5 million oz of physical silver to add to
the trust.
Jason asks David if the timing of the announcement was perfect to
counter the negative commitment of traders (COT) reports on gold
and silver?
David thinks Sprott timed this purchase perfectly. Jason asks David
how difficult it is to source 5 million oz of physical
silver?
David talks about the physical silver market and how the silver
market is decided at the margin.
Jason and David also discuss the additional silver purchases PSLV
can make in the future?
Next, Jason asks David about the BREAKING NEWS in the precious
metals space about Deutsche Bank admitting it manipulated gold and
silver markets, paying a settlement, cooperating and handing over
evidence and also helping implicate other conspirators (big bullion
banks) who helped manipulate gold and silver.
Story here:
http://www.zerohedge.com/news/2016-04...
David and Jason confirm this is the story Rob Kirby was hinting at
for months. (Jason also emailed Rob Kirby before the interview to
confirm this was the story he was hinting at).
David thinks this story may open up Pandora's box as more evidence
in the form of years worth of emails, instant messages and other
forms of communication is handed over by DB to help implicate other
banks.
Jason then asks David about the Soc Gen report saying silver supply
will decrease by 9% in 2016 and by 13% in 2017 and if he thinks
that research is accurate?
David says he thinks it's pretty accurate but he and Chris Marchese
will look at it more closely in a future edition of their paid
monthly newsletter, The Morgan Report.
To wrap up the interview, Jason and David talk abou