Happy Friday! It’s time for our weekly PRECIOUS METALS REPORT courtesy of my friend Ira Bershatsky.
Oh wait a minute, REALLY sorry for that head fake…
It is not actually Friday, and I regret to inform you you still have one more day of work this week.
Sorry for that buzzkill, but Ira is traveling tomorrow so he’s getting the report out early this week. Hope you like it! Let me know what you think, and if you’d rather have these come out on a Thursday, we can make the change permanent. Just drop me a comment below.
As always, my standard disclaimer: Not personalized financial advice, but this is the quality of insight and macro analysis that people pay big money for…and thanks to Ira, I’m pleased to be able to share it was all of you.
This week I want to start with this short and simple Tweet:
Gold is sending a warning.
— Michael A. Gayed, CFA (@leadlagreport) September 10, 2024
I think he’s absolutely right, and it ties in with everything Ira has been telling us.
The signs are piling up everywhere, and with Gold leading and breaking out to new highs, it’s telling you this market is not well.
And now instead of the previously-expected two rate cuts, most think we will only get one quarter point cut.
Will it be too little, too late?
For September 12, 2024 — Ira Bershatsky explains:
Yesterday’s Consumer Price Index (CPI) numbers were disappointing. Although the overall CPI number was in line with expectations the core CPI number which excludes the volatile food and energy components increased .3% from July. This dampened enthusiasm for a one-half point FED rate cut and the expectation is now a quarter-point rate cut.
The Dow Jones Industrial Average (DOW) promptly dropped over 400 points at the open and dropped over 700 points then rallied to close up 124 points. Is this the work of the President’s Working Group on the Financial Markets known colloquially as the Plunge Protection Team? And this occurred the day after the presidential debate? Hmmmmm.
Thursday morning’s overall Producer Price Index (PPI) number was in line with expectations with a .2% increase from July and the core PPI number which excludes food and energy was up .3% higher than expectations.
This has not deterred the stock or metals markets with the stock indices mostly unchanged and the metals up strongly with gold up $26.30 an ounce or 1.05% and silver up 49 cents an ounce or 1.71% as of this writing.Â
I can’t give you personalized financial advice but as for me, I’m buying as much Gold, Silver and Crypto as I can get my hands on.
Ira can help you if you want to do the same thing, he’s earned my trust.
I know many of you are already familiar with Ira Bershatsky, but for those who don’t know him, you can find him at WLT Precious Metals.
I have personally sent family members to Ira for 5-figure purchases of Gold and Silver and he treated them like royalty. They were very pleased.
That’s how much I trust Ira.
No one has a crystal ball for the markets, but I trust Ira’s ethics and morals and customer service implicitly. I always hear glowing reviews!
I didn’t tell him I was sending them over either (and these particular family members have a different last name) so I did it as a bit of a “secret shopper” test and Ira passed with flying colors.
Of course I knew he would.
That’s why I work with him and that’s why I have confidence telling you about him.
Ira can handle bulk purchases of bullion, coins, whatever you want.
All custom ordered and shipped right to your door.
A lot of people love Bullion because its the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.
The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you’ll know you’re in the right place.
You’ll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.
How about that!
You don’t see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:
No sales pitch, just real, actual help.
And the best prices you will find.
Here’s the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back. Just be patient.
Good things come to those who wait!
You can contact Ira and WLT Precious Metals here.
Ira can also help you if you want to purchase Gold and Silver in your IRA.
I mean, his name is Ira, after all, OF COURSE he can help you purchase in your IRA account.
The thing I love about purchasing in your IRA account is you can do it with no money out of pocket. You just take money already in the IRA account, perhaps in stocks or bonds or other investments, and you can shift it into Gold and Silver.
Again, I’m not your personalized financial advisor, I’m just explaining how it works.
And it’s REALLY cool.
So even if you’re saying times are tough right now, I don’t have a lot of spare money to shift into Gold and Silver, you might have a golden opportunity (pun intended!) already sitting there in an established retirement account.
I’ll be back next Friday with another Precious Metals Report update from Ira.
Until then….
Noah out.
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