PRECIOUS METALS REPORT: September 20, 2024 (The Fed Caves!)

Happy Friday!  It’s time for our weekly PRECIOUS METALS REPORT courtesy of my friend Ira Bershatsky.

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 we had something we haven’t had since 2020 and prior to that since 2008: a surprise Fed rate cut.

We knew a cut was coming, but it was unknown how much it would be, 25 bps or 50 bps.

We got our answer on Wednesday and while the market initially rallied, the reality is starting to set in that if the Fed had to cut with a surprise 50 bps, perhaps the economy is much worse than they are telling you.

Perhaps….everything I’ve been telling you has been right and the Fed and Biden Regime have been lying to you!

Imagine that!

Here’s more from Ira Bershatsky with his weekly update:

The big news this week was Wednesday’s Federal Open Market Committee (FOMC) meeting where they lowered the FED’s benchmark interest rate one-half percent (50 basis points).

According to industry veteran David Rosenberg, who was interviewed on Market Watch after the announcement, this rate reduction indicates a recession is on the horizon which will lead to a lower US Dollar and higher gold prices. Something here at Advisor Metals we have been blogging about for weeks!

The initial stock market reaction was positive then turned negative. Similar to precious metals. However, on Thursday morning the sentiment reversed with gold and silver up strongly and the equity indices up strongly too. This last happened when…Donald Trump was President! Are the powers that be telling us something?

Until next time… 

Meanwhile, Michael Gayed also continues to pound the same message we have been warning you about:

G
O
L
D

I
S

S
E
N
D
I
N
G

A

W
A
R
N
I
N
G

— Michael A. Gayed, CFA (@leadlagreport) September 20, 2024

GOLD IS SENDING A WARNING.

So true.

The Fed can lie, the Biden Regime can lie, Jerome Powell can lie…but Gold doesn’t lie.

And it’s sending a major 🚨🚨🚨 WARNING 🚨🚨🚨 as it continues to set new all-time highs on a regular basis.

This was just this morning:

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 Ira and his company, Advisor Metals, over 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.