First, let me show you this excellent report from Jesse Colombo from the Bubble Bubble report:
Many investors dismissed gold and silver after President Donald Trump’s victory in the November election. However, his first two weeks in office have proven exceptionally strong for both metals. While sentiment toward precious metals had been at a low point in recent months, I’ve consistently argued that this pessimism was unwarranted—gold and silver were merely consolidating before resuming their bullish trajectory. Now, with mounting evidence of a global rush for physical gold and silver, both metals are breaking out, signaling that the next phase of their bull markets is underway.
The big story this week centered on speculation over whether President Trump will impose tariffs on imported goods—and whether gold and silver will be affected. In a recent piece, I discussed how the mere threat of tariffs was already roiling the precious metals market. Now, just days later, massive shipments of gold from London to New York in anticipation of potential tariffs have led to a bullion shortage in London, the world’s most important gold trading hub. As this physical supply squeeze becomes apparent—contrasting sharply with the abundance of “paper” gold and silver—both metals are surging.
Let’s start with gold, which continues its strong rally after breaking out of the triangle pattern I highlighted back in December. As I’ve emphasized, this breakout strongly suggests that gold’s 2024 bull market didn’t end with the early-November sell-off. Instead, it is gaining momentum, likely extending well into 2025. In my view, gold is now on track to target $3,000, with the potential to reach the low-$3,000s relatively quickly. The next key test for spot gold is a decisive close above the $2,780–$2,800 resistance zone that’s just overhead—an achievement that would confirm that the next phase of the bull market is officially underway.
Beyond tracking gold in U.S. dollars, I also closely monitor its price in euros, as this removes the impact of dollar fluctuations and provides a clearer picture of gold’s intrinsic strength. Recently, gold broke out of its €2,400–€2,600 trading range, reaching a new all-time high in euros. This breakout serves as a strong confirmation that gold’s bull market remains firmly intact, with plenty of upside potential ahead.
I also pay close attention to gold priced in euros, British pounds, and Swiss francs as this particular mix of currencies shows gold’s movements very clearly. Gold priced in this mix recently closed above the key 7,200 resistance level signaling that the yellow metal is ready for liftoff once again.
Fortunately, silver is now rallying alongside gold. Today, it broke out of the consolidation pattern it had been stuck in since October—a strong bullish signal. For further confirmation of this breakout, I’m watching for COMEX silver futures to close decisively above the key $32–$33 resistance zone, which would reinforce the bullish momentum.
Just like with gold, I closely monitor silver priced in euros to strip out U.S. dollar fluctuations and get a clearer read on its intrinsic strength. The good news is that today, silver in euros broke above both the downtrend resistance line that had been in place since late October and closed above the key €29–€30 resistance zone—a level that has been a major hurdle since May. While I want to see this breakout hold, all signs point to silver being primed for liftoff.
Silver’s bullish move this week isn’t surprising. As I noted last week, silver sentiment had hit its lowest point in years, reflected in the elevated short interest in the popular iShares Silver ETF (SLV). According to contrarian logic, extreme pessimism often precedes a strong rally—making this breakout a textbook example of sentiment-driven reversals.
One particularly intriguing development amid the global scramble for physical gold and silver is the surge in trading activity in the Sprott Physical Silver Trust (PSLV). Unlike most silver-tracking ETFs, PSLV is fully backed by physical silver. Over the past week alone, it has traded an impressive 120.36 million shares—the highest volume since its inception in 2010. Meanwhile, non-physically backed ETFs like SLV have shown no unusual changes in trading activity. This divergence strongly reinforces the notion that demand is surging specifically for physical silver rather than “paper” silver, signaling that a silver squeeze may be underway.
If you don’t have any gold yet — or don’t have ENOUGH gold yet — I have TWO great options for you.
And one can get you gold for no money out of pocket!
How do you like that?
BOOM!
First, you may recognize Andy Schectman from Miles Franklin.
He’s prolific on YouTube and just a brilliant guy, I’ve followed him for years.
I’ve partnered up with Andy’s company, Miles Franklin, and I’m really excited to show you what they can do!
In fact, Andy’s going to be coming on my show, the Daily Truth Report (follow us on YouTube and Rumble) in the future, and you’re going to want to make sure you don’t miss those.
Andy is a wealth of knowledge about the precious metals markets and crypto, and I’ve covered him here many times in the past.
Now I’ll get to chat with him myself, and I’m really looking forward to it.
I’m spoken directly with Andy and his team and they have assured me they will take very good care of anyone in the WLT Report family (that’s you!).
At Miles Franklin, everyone gets personal attention from their team of brokers and you’ll get whatever level of hand-holding you prefer. They’ll also customize a deal just for you, but you have to call them and tell them NOAH sent you! They’ll handle it from there. 1-952-929-7006
There is no minimum order size and no maximum limit.
I think you’ll love working with them, I already do!
You can reach them at 1-952-929-7006 and make sure you let them know that Noah sent you over, they’ve promised me the best of the best service and pricing for everyone in the WLT Report family. 🙌
Second option is a company I’ve talked about many times before, it’s Genesis Gold.
I’ve worked with Genesis Gold for three years now, and they are excellent at what they do.
Genesis Gold is for people who want to purchase real physical gold or silver in their IRAs (Investment Retirement Accounts).
You know what the beauty of that is?
Two huge benefits actually…
One is that it’s TAX FREE baby!
I’m not a tax advisor, but that’s a general oversimplification.
Never pay more taxes than you are legally required to pay.
And that’s why I love getting gold and silver in my IRA (and why I hold a large chunk in an IRA myself!).
The other is if you simply shift money out of stocks (like Peter Schiff recommends) and into Gold, it won’t cost you anything! No money out of pocket!
BOOM!
There’s so much to love about Genesis Gold, starting with the fact they are proudly and un-ashamedly Christina!
They call it “Faith-Driven Stewardship” and they put it right on the homepage of their website along with a quote from Ezekiel:
Wealth Preservation With Gold & Silver –
The Genesis Gold IRA
By your wisdom and your understanding you have made wealth for yourself, and have gathered Gold and Silver into your treasuries – EZEKIEL 28:4
Genesis Gold Group believes the Bible gives clues on how man-made currencies (paper money) represent instability, and a lack of virtue and encourages living wastefully in excess.
Conflicts have beleaguered us since the dawn of civilization, and they can all be encapsulated into one battle. The battle is between currency, man-made paper, and gold and silver — the two precious metals found in our Earth’s crust, sent to us by our Lord to use as money. Man-made currency always leads nations down the path to increased war, greed, and ultimate collapse. History has shown that abandoning gold and silver has always been a bad idea. Gold and Silver enforce discipline, nurture self-constraint, self-reliance, and balance, and lead to confidence, a restrained government, and a more stable foreign policy.
Genesis Gold Group believes in empowering faith-driven stewardship with Gold & Silver are an integral part of a balanced portfolio. Protecting your finances with precious metals has never been more crucial during these trying times.
With a combined 50-plus years in the precious metals industry, let your Genesis gold and silver experts guide you through the simplicity of asset protection and growth with our Genesis Gold IRA.
You also get physical gold and silver with Genesis, believe it or not! The gold and silver is purchased for you (in whatever combination of coins and bars you prefer, a picture taken and sent to you, and then stored safely in a vault for you!
I love what these guys are doing.
Here’s more on why gold and silver in your IRA are so powerful:
They are also very backed up with record demand, so you may have to wait a bit, but someone WILL get in touch with you for personal customer service and assistance!
Tell ’em Noah sent ya!
Oh, and did you know Genesis is recommended by SUPERMAN himself?
It’s true.
Superman himself, Clark Kent — Dean Cain — came on my show a few weeks ago and we broke it all down:
Watch here:
Stay safe!
Make sure you can weather the storm when it hits!
Because the storm always hits eventually, doesn’t it?
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