PRECIOUS METALS REPORT: November 29, 2024 (“Upward March”)

Happy Friday everyone!

Sorry this is a little late today, but 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.

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

Advisor Metals Precious Metals Market Update for November 29, 2024

Tailwinds and headwinds this week for physical precious metals…

Tailwinds

• New home sales were lower in October versus September.
• The UBS investment bank forecast gold to reach $2,900 in 2025.
• TD Bank of Canada sees strong upside for silver next year.
• Gold is up over $111 from its mid-November low and is over $247 above its 200-day moving average and is up over $612 (30%) in 2024.
• Silver is up over 59 cents from its mid-November low, and is over $2.06 above its 200-day moving average and is up over $7.06 (29%) in 2024.

Headwinds (Mostly focusing on the FED)

• This week the Personal Consumption Expenditures Index for October was released with the core number, which is the FED’s preferred index number, at 2.8% in October versus September’s 2.7% annual rate.  Going in the wrong direction for the FED to lower interest rates sooner.  The minutes from their last meeting, also released this week, emphasized this point.
• Central Bank Digital Currencies are failing at central banks worldwide says an article in the Financial Times from 11/26/24.  It can be found with an Internet search.  The link is not able to be copied and pasted.

Summary

As of this writing, November 29, 2024, the metals continue their upward march from their mid-November lows.  As many of you know, one of my mantras is nothing goes up in a straight line or down in a straight line.  Volatility in the metals with the recent US presidential election is not unexpected.  My opinion continues to be metals are a longer-term hold with more upside potential.

Go to our website for a free gold and silver guide, for more information, or to contact me about making a purchase.  www.wltpreciousmetals.com

Until next time…

Gold and silver have been “God’s money” since the Bible times and I don’t see that changing any time soon, do you?

So I just buy on the dips and hold for the long term.

I get as much of my dollars into Gold and Silver ….. and also Crypto (especially Bitcoin and XRP) as you’ve heard me talk about a lot.

Real estate is good too, just a lot harder to buy, but typically a good “store of wealth”.

But Gold, Silver and Crypto are the easiest to buy in small chunks as you are able.

You can also get Gold and Silver for NO MONEY OUT OF POCKET if you have a retirement account sitting around (and most people do).  Most people have no idea they can use that retirement account to shift out of volatile Stocks and Bonds and into “God’s Money”.

But you need a good advisor and that’s where Ira comes in.

He’ll handle the whole process for you and make it smooth as butter.

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.