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 industrial metals. (See the Commodities section.)
Precious Metals
Silver Price Forecast September 25, 2017, Technical Analysis
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Gold To Remain Under Pressure As Metal ‘Gives Way’ To Hawkish Fed
Stocks:
Reader Chris B. suggested this piece: Jim Rogers says ETF holders will get mauled by ‘the worst’ bear market ever
Commodities (Industrial Metals):
Metals Massacre – Iron Ore Enters Bear Market, Copper Collapses To 1-Month Lows. JWR’s Comments: This collapse in industrial metals could be a precursor of a stock market collapse. It shows us how weak the real economy is. (The current illusory prosperity of equities market was created by artificial stimulus, rather than the market cycle.)
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Expect A Major Leap In U.S. Oil Exports
Taxes and Regulation:
At Forbes: Eight Warnings To Congress On Business Tax Reform
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I spotted some significant news for anyone with connections to the Philippines. OFW group hits Customs rules on balikbayan boxes
Troubling Trends:
First Equifax, now this: SEC Discloses Edgar Corporate Filing System Was Hacked in 2016
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Pound slips as Moody’s downgrades United Kingdom
Tangibles Investing:
This dated 2015 article still has some good information: Investing in books ‘returns 8.8pc a year’: £246,636 Great Gatsby tops new index. JWR’s Comment: As I’ve mentioned before: It is wise to watch the Hollywood press. Look for news about big budget movies being produced in the next few years. This can give some clues on the rare books will become popular with collectors in the future.
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And this 2014 articles offers some key details: How to buy rare books the right way
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And the “one month low” on iron price hype could also be someone that wants to make money shorting the market by scaring some people. This is particularly evident when you consider price behavior, bankruptcies and supply glut over the last couple years.
The article shows how the Fed controls gold price. It’s not a real market but one that is tightly controlled by the 12 Banks of the Federal Reserve.
Jim Rickards suggest 10% of assets in gold. It seems that is high since gold can be manipulated so easily.
Skip:
Jim Rickards is interested in selling his program. If you could do a short historical search he has trumpeted crises after crises to create urgency and book sales. I bought it, once. Not the book but the line of reasoning. It is a similar presentation style used by the oilprice.com guy. My rule of thumb is if it is in an overlong video on the internet it is not news and you are not getting in early. It is so easy to get facts from alternative sources.
My view is that the gold is a storage place for value you have created in other places. It will only be by the purest luck that you make money on gold. The thought I had is the events that make the price spike make you want to hold onto your reserve even tighter.