PRECIOUS METALS REPORT: November 22, 2024 (“Feels like 2000”)

by Bunker | Posted on November 23, 2024November 23, 2024

Source: The Patriot Light | AWK Network | VIEW ORIGINAL POST ==>

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.

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:

Gold and silver both rallied this week after the first two weeks of November drop and gold has recouped 67% of the drop and silver has recouped 30% of the drop. Combined with the gold/silver ratio that has been moving higher this week and is now above 86, silver may have more room to the upside. Gold has great upside momentum.

Economic reports this week included housing starts and building permits for October which both were below estimates buoying the metals. On Thursday, the Philadelphia FED manufacturing survey came in…

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The man known as Bunker is Patriosity's Senior Editor in charge of content curation, conspiracy validation, repudiation of all things "woke", armed security, general housekeeping, and wine cellar maintenance.

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