Thursday, October 3, 2024

Dockworkers' Union to Suspend Strike; Trump: Disaster Relief Money Spent on Illegals

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Breaking News from Newsmax.com

Breaking News from Newsmax.com

Source: Dockworkers' Union to Suspend Strike

Special: Americans Are Anxious Ahead of Election

Trump in Michigan: Disaster Relief Money Spent on Illegals


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Patriot Gold Group

Americans Are Anxious Ahead Of Election

The Patriot Economic Insider

WSJ MarketWatch: Consumer Confidence Plunges. Americans Are Anxious Ahead Of Election.

Consumers are the most pessimistic about the economy since 2021

Sept. 24, 2024

Americans are more worried about the U.S. job market with unemployment rising.

The numbers: Consumer confidence fell in September to a three-month low ahead of a pivotal U.S. election whose outcome could hinge on which presidential candidate voters think will do a better job on the economy.

Americans were more worried about the job market in light of a steady rise in unemployment and greater difficulty in finding work. A high cost of living after several years of severe inflation was another source of distress.

The index of consumer confidence sank to 98.7 this month from a revised 105.6 in August, the Conference Board said Tuesday. It was the biggest one-month decline since mid-2021.

Consumer confidence tends to signal whether the economy is getting better or worse.

The gauge of consumers is way below the monthly average of 128 in the last year before the onset of the pandemic in 2020.

Americans were more anxious about the availability of jobs, business conditions and future incomes.

Unemployment has risen steadily since the spring of 2023 to a more than three-year high of 4.2%. Job openings and the number of people being hired have also declined sharply.

"The plunge in consumer confidence in September underscores the growing pressure on many households as the labor market weakens," said senior economist Ben Ayers of Nationwide.

** Information contained within this email should not be construed as Legal, Accounting, Tax or Investment advice. Patriot Gold Group is a Gold & Silver Dealer, representatives are NOT Licensed Financial Planners and do NOT give investing or tax advice.

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Gold: Ride The Lightning

"If my calculations are correct, when this baby hits 88 miles per hour you're gonna see some serious shit."

Sep 26, 2024

At the beginning of 2024, I noted that my favorite pick for the year was gold, silver and miners. Gold was already at an all time high and I wrote:

The purpose of expanding on this idea today was to note that I still think enthusiasm for the precious metal is extraordinarily tempered and even further tempered in relation to the market's risk profile, heading into the new year.

There are many times when an asset hits an all-time high that I consider selling it. Have I already ridden the bus to the top of the mountain? Is this the point where everybody has gotten in? Is it time to sell when the herd finally catches on?

I want to make it clear that with gold, I don't think that is the case. As many of you know, it is a special asset with properties unlike anything else that, I believe, make it one of the best potential long-term or lifetime holds one can have.

* Information contained within this email should not be construed as Legal, Accounting, Tax or Investment advice. Patriot Gold Group is a Gold & Silver Dealer, representatives are NOT Licensed Financial Planners and do NOT give investing or tax advice.

Our Popular Investment Guide Will Show You How To Fortify Your Retirement in Physical Gold; Silver and Pay No Fees for the Life of Your Precious Metals Self Directed IRA
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About Patriot Gold Group CEO Jack Hanney

Jack Hanney is the CEO & Co-Founder of Patriot Gold Group, and a nationally sought after financial speaker and guest. Recently featured on Fox Los Angeles "Good Day LA", he was interviewed on his insights on the global health crisis and its impact on the economy, and he accurately predicted the catastrophic 17% pullback we saw last week. His interview can be viewed here: Fox Interview

Learn Why Smart Money is Moving to Precious Metals in 2024.

Gold Price Could Hit $2,700 By Mid-2025, Silver Will Outperform Gold — UBS

Sep 23, 2024

Gold has been one of the best-performing assets of 2024, climbing to new record highs on multiple occasions amid a backdrop of deteriorating economic conditions and non-stop debt printing, and according to one bank, the rally is expected to continue with the prospect of lower interest rates and rising geopolitical tensions.

"Gold reached an all-time high of USD 2,607/oz earlier this month, rising more than 25% year to date," noted analysts at UBS. "It's not just the expectations of lower yields at play, with further support from macro and geopolitical uncertainties, and the continuing trend of USD diversification by central banks."

They said that geopolitical tensions are likely to "extend well beyond the fourth quarter, with the next US government (and its policies) uncertain" while also highlighting that "significant unresolved conflicts centered in both Ukraine and Gaza possessing no obvious catalyst to end."

"We expect gold to remain a favored market hedge for both geopolitical and rate risks," they said. "Historically, the metal has outperformed equities during periods of elevated volatility, which again proved to be the case in recent months despite a less dovish market consensus on the pace of Federal Reserve rate cuts ahead."

The analysts said that, in their view, "This rally could go further," giving a price target of $2,700/oz by mid-2025.

"Our expectation that the silver market will remain in deficit over the coming years implies continuous declines in above-ground inventories, which should help fundamentally underpin prices as well as act as a tailwind for investor interest."

"We see silver outperforming gold over 12 months, with the potential for its ratio to test the long-term average of just below 70x," the analysts said.

In the near term, TradingView analyst Xanrox said that gold could climb above $2,800 as the yellow metal "has started its historical uptrend."

"Right now we can see that the price is inside this ascending blue parallel channel, which is, of course very bullish," Xanax noted. "I predict GOLD to hit the top of the channel within the following days or weeks. This is an 8% profit without leverage if you buy now or wait for a small intraday pullback. From the Elliott Wave perspective, we are in wave (3), and usually, wave 3's are the strongest."

*Information contained within this email should not be construed as Legal, Accounting, Tax or Investment advice. Patriot Gold Group is a Gold & Silver Dealer, representatives are NOT Licensed Financial Planners and do NOT give investing or tax advice.

Learn How To Protect Your Retirement in Physical Gold & Silver and Pay No Fees for the Life of Your Precious Metals Self Directed IRA
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Call: 1-888-617-6122
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*Information contained within this email should not be construed as Legal, Accounting, Tax or Investment advice. Patriot Gold Group is a Gold & Silver Dealer, representatives are NOT Licensed Financial Planners and do NOT give investing or tax advice.

Finally: All investment guide requests are automatically offered free of charge, with my personal video newsletter, The Hanney Report, found on Youtube.com. See my news interview on Fox here:
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PGG is not providing investment, legal or tax advice. The reports provided are for general information purposes only. Please consult a qualified tax professional for strategies. "All investments carry some degree of risk. Stocks, bonds, [precious metals, crypto currencies], mutual funds and exchange-traded funds can lose value if market conditions sour. Even conservative, insured investments, such as certificates of deposit (CDs) issued by a bank or credit union, come with inflation risk. That is, they may not earn enough over time to keep pace with the increasing cost of living." (FINRA 11/2022)
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