PRECIOUS METALS REPORT: December 6, 2024 (“Frothy Markets”)

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.

Ready for a breakout?

Gold and Silver have been range-bound for a while now after breaking out to new highs earlier this year, but range-bound doesn’t last forever.

Which way do we break?

And when does the break come?

Ira Bershatsky explains more in this week’s Precious Metals Update:

Advisor Metals Precious Metals Market Update for December 6, 2024

“Frothy Markets”

An old trader expression when markets are more volatile and going sideways is frothy markets.  That is what we are seeing now with gold and silver.  They have both been in a trading range for the last two weeks.  One item to note about trading ranges is that prices will breakout of the trading range.

When gold was approaching its all-time high of about $2,060 an ounce its price became frothy and entered a trading range before breaking out to the upside.  When silver was approaching its previous recent high of about $28.00 an ounce its price became frothy and entered a trading range before breaking out to the upside.

I feel we are in the frothy trading range period before an upside breakout for the metals.  It is brave to purchase before the breakout.  As the old proverb states, fortune favors the brave.

This week’s economic reports were also frothy.  The November unemployment rate stayed at 4.2% with payrolls increasing while wages have been flat.  While the FED’s Beige Book of economic activity showed stable economic activity while new initial unemployment claims increased.

FED Chairman Jerome Powell said at a DealBook conference on Thursday that the FED could be more cautious with interest rate cuts with inflation above the FED’s target and the economy being stronger.  All in all, frothy!

Until next time…

While I love Bitcoin (and XRP), I do disagree with the people who keep saying Bitcoin is going to “replace Gold”.

Sorry folks, not happening!

Could it compete with Gold and Silver?  Sure.

Have the same market cap as Gold and Silver?  Sure.

But it’s not “replacing” Gold and Silver.

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 yes, 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.