Happy Friday everyone!
It’s time again for our weekly PRECIOUS METALS REPORT courtesy of my friend Ira Bershatsky, this week a very special Election Edition!
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.
So what makes this a special Election Edition?
Because the Election is already having massive impact on Gold, Silver, Precious Metals, the Stock Market and Crypto!
In fact, I just brought you this update on Gold post-Election yesterday:
Jim Rickards: Gold Is Being Driven By Factors Bigger Than Trump, Bull Run Shows No Sign Of Ending
And now Ira Bershatsky gives you his take in this week's Precious Metals Update:
Wow! What a week! That deserves repeating. Wow! What a week!
Tuesday was Election Day and what a sweep it was. On Wednesday, the stock indices rallied strongly, and, in my opinion, the metals markets overreacted to the downside concerned about higher interest rates, tariffs, and how spending in the second Trump administration would affect the economy. Gold was down $73.00 an ounce and silver was down $1.44 an ounce.
On Thursday they both rebounded and recouped over 50% of the downside move. The new jobless claims number was a bit above the consensus forecast which helped the metals.
The other big news on Thursday was the FED’s interest rate announcement where they lowered the benchmark interest rate ¼ of a point following the ½ point decrease at their last meeting. If the economy and employment are doing so well why lower interest rates? Why indeed?
Could it have something to do with The Conference Board’s Leading Economic Index (LEI) signaling a recession? Here is a link to their website and the chart
where it shows their Recession Signal occurred in September of this year. Scroll down to the chart. https://www.conference-board.org/topics/us-leading-indicators.On Friday morning, the metals gave up most of Thursday’s gains with two factors weighing on them. The University of Michigan’s November Index of Consumer Sentiment and Index of Consumer Expectations both increased from October’s numbers. On the positive side of those numbers, it may have been that respondents were confident of a Trump election win and better economic news ahead. The other factor was Vladimir Putin saying that Russia is not abandoning the US Dollar. Buy metals on the dip. Or the upside momentum.
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 sleep better at night knowing I own Gold, Silver and Crypto (especially Bitcoin and XRP).
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.
This is a Guest Post from our friends over at WLTReport.
