David Morgan of the Morgan Report shared his thoughts on what's next for the yellow metal, telling the Investing News Network that the crisis in the banking sector is pushing people to get off the sidelines to protect themselves. He also gave his outlook for silver.
"As I said ... there's no fever like gold fever — so you're better to have US$2,000 gold than no gold if this continues," said Morgan. "And unfortunately I think the can has been kicked down the road and it doesn't have any further to go."
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