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.
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:
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…
Read the full article here