David Morgan: Is This a Gold Price Breakout or Fake Out? Gold has long been used as a safe-haven asset in times of economic uncertainty, and the current climate has led to increased demand for gold investments. But is the recent increase in gold prices a breakout or just a fake-out? David Morgan, a gold and silver expert with over 40 years of experience, has some unique insights into the current gold market. He recently appeared on the radio show “Gold & Precious Metals Investing” to discuss the current gold price action and answer this important question. In his conversation, David Morgan pointed out that, while the gold price has seen a nice rally since April, there has been some topping out in early July, which could mean the rally has gone as far as it can. He noted that the last time the gold price topped out was also in July last year. However, Morgan also noted that the rally could still go further due to continued central bank quantitative easing and a weak dollar. He estimates that gold could potentially reach a price of around $2000 per ounce by the end of this year. When asked about his opinion on gold as an investment, Morgan said that it is currently an attractive asset due to its affordability and the potential upside. He also noted that he feels there is still upside potential in gold for the rest of 2020, should economies remain weak. Overall, Morgan concluded that while there is potential upside in gold, there is also the risk of a fake out, in which gold prices could be on the brink of a correction. He said that investors should be cautious and should not invest with borrowed money, since gold is a volatile asset. David Morgan’s insights have been extremely valuable to investors over the years. His analysis of the gold market and his insights could help investors make the right decisions in the coming months. It remains to be seen whether the current gold rally is a breakout or a fake out. However, investors should be aware of the risks and keep track of the latest developments in the gold market.