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Video of Money & Metal's Report for the Week Ending April 17, 2015 with David Morgan of Silver-Investor - Video Posted on InvestmentPitch.com
April 20, 2015 3:38 PM EDT | Source: InvestmentPitch Media
Vancouver, British Columbia--(Newsfile Corp. - April 20, 2015) - David Morgan of the Silver-Investor discusses, in his weekly video, events of the week ending April 10, 2015 that are affecting the metals and currencies markets.
In metals news, physical buying in India and China, the world's top two gold-consuming countries remained slow this week as premiums in China improved only slightly and those in India slipped as prices stabilized at $1,200 an ounce, after data showing U.S. consumer prices rose in March tempered speculation the Federal Reserve will delay its first interest rate rise in nearly a decade.
Silver was up 0.2 percent at $16.22 an ounce, while platinum was up 0.8 percent at $1,165.49 an ounce and palladium was up 0.7 percent at $781 an ounce.
In currency news, the dollar slid to a 10-day low against a basket of major currencies on Friday, as weak U.S. economic data cast doubt on prospects for a Federal Reserve interest rate rise in the coming months. Sterling saw its best week in more than 5 years.
Marine salvage experts have recovered $50 million in silver coins from a ship sunk by a German submarine in 1942 as it was transporting the cash from India to London to help finance Britain's efforts in World War Two.
In other news, Bank of America Corp settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market.
David's full report can be viewed at InvestmentPitch.com (click here for video). If this link is not enabled, please visit www.InvestmentPitch.com and enter "money & metals" in the search box.
If you cannot view the video above, please visit:
http://www.investmentpitch.com/video/0_xw0umhyw/Money-Metals-with-David-Morgan--US-Dollar-Gets-a-Bruising
While on the website, please view David's recent interviews with Avrupa Mining (TSXV: AVU), Foran Mining (TSXV: FOM), Garibaldi Resources (TSXV: GGI), Lomiko Metals (TSXV: LMR), and NioGold Mining (TSXV: NOX).
If you would like to be considered for future interviews with David Morgan, please contact Joseph Nuyten at 1-888-605-8522 or email jnuyten@investmentpitch.com.
David Morgan is a widely recognized analyst in the precious and base metals industry and consults for hedge funds, high worth investors, mining companies, depositories and bullion dealers. He is publisher of The Morgan Report on Money, Metals and Mining and has also has recently published "The Silver Manifesto" (www.TheSilverManifesto.com). He is a featured speaker at investment conferences worldwide. For more information on precious metals and natural resources or to subscribe to his newsletter, please visit www.Silver-Investor.com.
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