from The Morgan Report
David Morgan‘s weekly perspective for June 2nd, 2017… US auto sales fall for fifth straight month in May. The auto companies are channel stuffing, trying to find a place for cars that nobody wants. Stock market is hitting records as the real economy declines, witness luxury retailer Michael Kors who’s closing hundreds of stores. Bitcoin to hit $100k in 10 years, according to Kay van Peterson. Its total capitalization could increase to $1.7 trillion or $100k per coin! Military tensions continue to increase between the US and North Korea. They’ve been repeatedly testing missiles in direct provocation of the US. Can it be peacefully settled? Time will tell. Shell and Conoco getting ready to dump shares in Canadian Oil Sands. Billions could be hitting markets shortly. Opportunities in the GDXJ with its upcoming rebalancing. David likes a certain small miner that can retrieve scrap pm’s from old electronics without using cyanide.
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