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 “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on Economist Peter Schiff”s predictions.
First, there is this: Gold marks lowest finish in nearly 8 weeks.
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Next, some charts from Jim Wyckoff: Monday’s Charts for Gold, Silver, Platinum and Palladium, July 03 
Next, Reuters reports: Goldman to Review Commodities After Worst Start in a Decade
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Nick Cunningham: Analysts See Oil Prices “Lower For Longer”
Ron Paul: Not a ‘total shock’ if stocks plummet 25% and gold soars 50% by October
On to foreign exchange (Forex) news, here is a EUR/USD summary at FX Empire.
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Forex Tutorial: Reading a Forex Quote and Understanding the Jargon (Investopedia)
Economy and Finance (Schiff’s Predictions):
Video: Why the Air Is About to Come Out of America’s Bubble Economy – Peter Schiff. (Filmed at the International Metals Writers Conference in June, 2017.) Schiff is predicting another huge recession and $2 trillion per year deficits. We’ll see higher inflation and Round 4 of Quantitative Easing. (QE4 — that is monentization of the National Debt.) He warns: “…The whole House of Cards is being held up by these artificially low interest rates.”
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This is a “must watch” 12-minute interview video: The China Bubble: Jim Chanos & Kyle Bass. JWR’s Comment: When the next global credit crisis occurs, China will very likely experience a monumental melt-down. The last thing you will want then is any investment vehicle with a tie to Mainland China!
10 Points to Consider Before Buying Rural Property
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Are you are in the market for a rural retreat or have one to sell? Then be sure to check out the more than 230 property listings at our SurvivalRealty.com spin-off site. (Owned and operated by JWR’s #1 Son, a recent college graduate.) There are some amazing properties there. Many of them are off-grid, remote, and defendable.
SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos page for our detailed disclaimers.
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 due to their diligence and focus, we benefit from fresh “on target” investing news. We often “gets the scoop” on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!
China won’t meltdown,anyone that tries to sell will be shot on sight,they were warned last time. Shorting the market gets your family killed. The top echelon has got to get the”Hot Money” out and into the US and Canadian banks were it can be properly washed.