Economist David Morgan actually accurately predicted the May 2011 SILVER SMACKDOWN (as it is called) when silver approached the historic Hunt Brother's high of $50 but only reaching $49.78 for a brief moment. Mr. Morgan is by no means a SILVER BEAR but he called it as he saw it in 2011 and was correct. Even over the last 6 to 8 months he had been very cautious in joining all the unreasonable predictions of silver from various sources and has even expected silver to pull back into the $20's.
A recent interview with David Morgan reveals that he is expecting a silver breakout ahead and specifically mentions breaking the $48 level and pushing up to $60 this year:
