Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24
Stock Market Breadth - 24th Mar 24
Stock Market Margin Debt Indicator - 24th Mar 24
It’s Easy to Scream Stocks Bubble! - 24th Mar 24
Stocks: What to Make of All This Insider Selling- 24th Mar 24
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care - 24th Mar 24
Get an Edge in the Crypto Market with Order Flow - 24th Mar 24
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Precious Metals Scene In Europe

Commodities / Gold & Silver Nov 30, 2008 - 04:44 PM GMT

By: David_Morgan

Commodities During my recent trip to Europe we visited four main cities: London, Paris, Zurich, and Munich. My impression of each location varied, in relation to the current global economic climate and how the precious metals are behaving.


Paris

My first stop was Paris, and for me it is difficult to determine just how open-mindedly the two meetings were received. Some of the participants did stay after the general meeting to ask specifics about areas of precious metals and mining that I might be able to offer. My overall impression was that the French mainly have a wait and see attitude at this time regarding how well the precious metals will do over the next several months. Some of the feedback I received was that many junior mining companies are finished and those that might be able to make it would not see share price recovery for a year or so.

London

The next location was London, and Nick Williams and his wife, Fran, did their usual outstanding job. See www.silversummit.co.uk

A few investor comments will give you some impression of the Silver Summit U.K.

“Really good day at Silver Summit. Useful to hear from juniors, the speakers & great Q&A.”
                                                                                ~Helena Pike, Investor

“Just a quick thank you for the day on Wednesday, I thoroughly enjoyed the event.”
                                                                     ~Robert Weaver, Investor

“Thank you for a wonderful event and I look forward to the next happening!”
                                                   ~Tobias Andreasson, Investor

Now for a look at some of the presentations . . .

First, my friend and colleague Mr. Ned Naylor-Leyland's "Silver, Bailouts & Big Government"; see http://www.silversummit.co.uk/nednaylorleyland.htm .

In my presentation, I gave my overview of the silver market and had a few comments at the end of it; see http://www.silversummit.co.uk/davidmorgan.htm .

Zurich

After the London show I moved on to Zurich, where I met with some very impressive fund managers and a couple of banks. I will reserve comment on this for our members only, but suffice it to say the people “in the know” in Switzerland have not been moved to give up on the precious metals.

Munich

Finally, the last leg of the trip was to Munich, Germany, and here I had some very interesting insights. Basically, the Germans at this show had one thing in mind—BUY MORE REAL METAL!


A crowd gathers to BUY, BUY, BUY precious metals. Yes, there was a premium,
and these folks were happy to pay to have the real deal.

Looking further . . .


How much is that silver in the window?


Finally, for our Canadian friends:


You most likely can make out this large Canadian Maple Leaf.

The mining companies at the Munich show did get good traffic, and most investors had not given up on their conviction that the precious metals arena is certainly going through a slump but longer term could prove to be one of the best places for wealth preservation and/or capital gains.

The trip was exciting and exhausting at the same time. The overall attendance was down slightly in London and about the same in Paris and Munich. I did not meet in the public arena in Zurich, only private meetings.

Hopefully, this will give you a brief taste of what took place at this year's European tour.

Beginning now until the end of December 2008 (December 31, 2008) you can have full access to The Morgan Report for absolutely Free! You will be able to log into the Members Only section previously reserved for our paid members only. » Sign up here now for Free «

It is an honor to be,

By David Morgan,
Silver-Investor.com

Mr. Morgan has followed the silver market daily for more than 30 years. Much of his Web site, www.silver-investor.com , is devoted to education about the precious metals . David Morgan believes NOW is the time for baby boomers who want to retire comfortably and without fear to start investing in precious metals. Now you can discover his Ten Rules of Silver Investing for Baby Boomers, when you sign up for his free newsletter here .

Contact information: silverguru22@hotmail.com

Disclaimer: The opinions expressed above are not intended to be taken as investment advice. It is to be taken as opinion only and I encourage you to complete your own due diligence when making an investment decision.

David Morgan Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in