Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the quirky “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor):
First, a bit of satire from Gary Christenson: 17 Reasons To Avoid Gold
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H. Moolman in South Africa: Gold Price Forecast: Gold’s Big Move. (JWR’s Comment: Although I’m not a believer in “chartism”, I can safely say that stocks are presently over-bought and gold is over-sold.)
Next, from Graham Summers: Oil Just Gave Us A Preview Of What’s Coming For Stocks (Hint: A 15% Drop)
On to the foreign exchange (Forex) news: Technical analysis of USD/CHF for May 10, 2017 (MT5)
Moving on to stocks: The Wall Street Journal‘s latest numbers.
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Big Dang Global Bubble:
Next, over at Zero Hedge, Tyler Durden reports:“You Look Remarkably Calm For Someone Who Issues €2.5 Trillion Out Of Thin Air” – Dutch Politician To Draghi
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Also from Tyler Durden: Student Loans Just Got A Lot More Expensive For Our Snowflakes
Investors are missing the glaring risk of a recession: David Tice. Tice was formerly the manager of the Prudent Bear Fund. “Tice is going deeper into bear territory, predicting that the economy is months away from a deep correction that will send stocks down by as much as 50 percent.” Tice is bullish on gold mining stocks, gold bullion, and even Bitcoin.
Finally, we read: U.S. farmland becoming a hot commodity as investors buy up acreage
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Please send your economics and investing news tips to JWR. (Either via e-mail of via our Contact form. These are often especially relevant, because they come from folks who particularly watch individual markets. And with their diligence and focus, we benefit from fresh “on target” investing news. As a result, SurvivalBlog often “gets the scoop” on economic and investing news that is probably missed (or reported late) in other news sources. Thanks!