PRECIOUS METALS REPORT: November 22, 2024 (“Feels like 2000”)

Happy Friday everyone!

It’s time again 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.

Is history repeating itself?

Does it feel like 2000 or 2007 all over again?

Or perhaps…the Roaring 20s all over again?

We all know what happened after each of those three events right?

Recession.

Great Recession.

Great Depression.

Yikes.

Here now is Ira Bershatsky with more in this week’s Precious Metals Update:

Gold and silver both rallied this week after the first two weeks of November drop and gold has recouped 67% of the drop and silver has recouped 30% of the drop.  Combined with the gold/silver ratio that has been moving higher this week and is now above 86, silver may have more room to the upside.  Gold has great upside momentum.

Economic reports this week included housing starts and building permits for October which both were below estimates buoying the metals. On Thursday, the Philadelphia FED manufacturing survey came in weaker than expected.  The Conference Board’s Leading Economic Index (LEI) fell again in October and these last six months have seen a larger decline in the LEI than in the previous six months.  Ah ha!  Could be why the FED has begun to lower their benchmark interest rate.

Now, on to the Rob Arnott article.  I have met Rob and find him to be a market expert.

Legendary Investor Rob Arnott Says Stock Market ‘Looks And Feels Like The Year 2000’ As Wall Street Rallies After Trump’s Win: ‘…Likely To See A Bear Market’

Rob Arnott started Research Affiliates, a quantitative investment firm in 2002 and they manage over $36 billion.

In his comments on the stock market which came in a recent interview with Business Insider he states:

The current stock market environment is reminiscent of the dot-com bubble peak according to Rob Arnott, the founder and chairman of Research Affiliates. Arnott predicts a significant pullback in the near future.

Arnott, who is known for his early predictions of bull market tops, sees parallels between the current market and the dot-com bubble peak.  He does not anticipate an immediate significant pullback but foresees a substantial decline in the near future.

Arnott’s observations come as the S&P 500, a large-cap index dominated by mega-cap growth firms, surged 5% within a week following Donald Trump’s election, closing above 6,000 for the first time. This rapid increase is the latest development in a 66% rally that has lasted over two years.

“This looks and feels like the year 2000 to me,” Arnott told the publication.

“Are we likely to see a bear market in the next two years for large-cap growth? Yeah.”

Until next time…

As always, I can’t tell you what to do and I certainly can’t provide personalized financial advice for anyone.

But as for me personally?

I get as much of my dollars into Gold, Silver and Crypto (especially Bitcoin and XRP) as possible.

I feel like they hold their value better sitting in those assets, but that’s just me.

Focusing just on Gold and Silver, it’s important to have a trusted dealer you work with.

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.