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 the 2o17 Stock Rally. (See the Stock Markets section.)
Precious Metals:
Gold Pushes Toward $1,300; Can Rally Continue? [1]
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All Bets On Silver In 2018 – Kitco’s Survey
Stock Markets (2017 Stock Rally):
Over at the CNBC Cheering Section: Strategist Jeff Saut: I’d expect 2018 to almost repeat 2017’s record stock rally. [2] JWR’s Comment: The ongoing 2017 Stock Rally (called The Icarus Rally, by some) is probably an aberration that won’t continue for all of 2018. If Saut’s prediction proves right, then I’ll eat my hat. A Qualifier: I always hedge, so I must clarify that the hat I just mentioned is my smallest felt cap, so I guess I could cut it up into very small pieces…
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Indices Annual Market Recap – 201 [3]7
Commodities:
Next up, over at Seeking Alpha: Commodities in 2018 and beyond? [4] Here is a quote: ‘”Commodities are screaming to be bought at the expense of stocks,’ says financial advisor Shawn Hackett.”
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OilPrice.com reports: There Aren’t Enough Truckers In Texas
Economy and Finance:
G.G. flagged this news: Store closings: 17 retailers on the 2018 death watch [5]
Derivatives:
Starting in December, 2018: New FASB standard aims to simplify hedge accounting [6]
Tangibles Investing:
FAQs On Banking And Buying Property Overseas [7]
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos page for our detailed disclaimers.
News Tips:
Please send your economics and investing news tips to JWR [8]. (Either via e-mail of via our Contact [9] 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 “get the scoop” on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!
Comments Disabled To "Economics & Investing For Preppers"
#1 Comment By Lee On January 1, 2018 @ 1:12 pm
JWR
We should all be working up a recipe for a hat made from delicious meat. Bacon comes to mind. Felt sounds kind of rough.
I too am skeptical, I do not sit at the table in the Wall Street Casino. The 2017 rally is fed from players around the world so it may continue for a while. When the time comes for the house to bust us out I will already be on the sidelines stacking silver and ammo.
Happy New Year!
Hope for the best and prepare for the Schumer.
#2 Comment By James On January 1, 2018 @ 1:46 pm
Another crypto to look at is Lumens (XLM). Was $0.03 a few months ago and hit $0.45 last night.
Have u heard of the exchange FairX? It’s supposed to be the coinbase of altcoins and will use Lumans as its blockchain.
A. Coinbase is limited
B. More exposure to altcoins which drives increase in price
C. It’ll be user friendly like CB for all the newbs wanting to dump money
D. It’s using Lumans, which means the price will increase significantly + with addition to buying options on FairX
E. Fees will be cheap and transactions lightning fast…..everything Coinbase is not
F. FairX is US based
According to their twitter, projected release 1Q18
#3 Comment By D.D. On January 1, 2018 @ 2:31 pm
JWR,
Remember these quotes?
“They worked all their lives to save and now what happens is they’re being forced into an inflated stock market and at some point they’ll get wiped out,”
“I think we’re sitting on an economic bubble. A financial bubble,”
“The only thing that is strong is the artificial stock market,”
“The only thing that looks good is the stock market, but if you raise interest rates even a little bit, that’s going to come crashing down,”
“We are in a big, fat, ugly bubble.”
“Remember the word bubble? You heard it here first. I don’t want to sound rude, but I hope if it explodes, it’s going to be now, rather than two months into another administration,”
It would seem that President Trump has forgotten his words as a candidate. Are we to now believe that the algo-driven farce known as global “markets” have been magically transformed into totally legitimate creators of wealth and prosperity? The White House now uses the same metrics to declare an economic victory as it did to decry the previous administrations failures. As interesting as it would be to see you eat your hat, I believe you have nothing to fear. The theft of future wealth from our great-grandchildren will continue unabated in 2018.
#4 Comment By Camper On January 1, 2018 @ 4:18 pm
JWR
I would watch the price of gold, when it goes up fast, it will be the canary in the coal mine.
The Book the 4th turning is an eye opener.
Happy New Year everyone.
#5 Comment By Anonymous On January 2, 2018 @ 5:17 am
When currency is worth nothing then precious metals will rule. As an example you could have purchased 1 ounce of silver in Venezuela 4 years ago for 1 bolivitar, or about 1 USD.
Now it is worth a lot more, Oh I don’t know maybe 50 thousands times as much
OMG maybe one 30 times as much, you do the math