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 Bank Stocks.
Precious Metals:
Gold price falls to six-month low as trade war fears boost dollar
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Gold Prices Ignore Weaker Than Expected GDP In Q1
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Video: Silver Technical Analysis for June 28, 2018 by FXEmpire.com. JWR’s Comment: This dip could be a good time to buy physical silver.
Stocks:
Reader H.L. sent this: China Stocks Enter BEAR MARKET! Deutsche Bank Hits RECORD LOW! Bank Stocks FALL!
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CNBC Video: Tough June for Bank Stocks. JWR’s Comment: The effects of the Yield Curve flattening (or inverting) are inescapable. Look for the bank stocks to suffer for the rest of 2018.
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Meanwhile, in India: Bank stocks tumble on RBI red flags on NPAs; S&P BSE Bankex down
Commodities:
Iran sanctions could soon push oil prices above $90 a barrel, Bank of America Merrill Lynch says
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Trade War Hits Trump Heartland, With Mines, Farms as Targets
Economy & Finance:
Trade War Provides Perfect Cover For The Elitist Engineered Global Reset
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Amazon agrees to acquire online pharmacy PillPack, reports peg deal at nearly $1 Billion
Tangibles Investing:
Here is a useful article that dates back to 2014: Spending Your Money on Things that Rise in Value
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In The New York Times: How Low Will Market for Antiques Actually Go?
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And for the banks add in FinTech mobile pay and other such services as well as the behemoths trying to get a handle on Crypto and not very well at that, it’s beginning to dawn on traders and investors that the traditional bank is becoming a thing of the past. Oh they’re still going to be around as .guv control points on money but WE DON’T NEED YOU ANYMORE!!!
And PS. Deutsche Bank is very likely insolvent, they just don’t know it yet.
Keep your stops tight and your head on a swivel.
I really look forward to when you do focuses on cool things like vintage typewriters, tractors, and other items of collectible value. I hope something like that is coming up soon.
Reading the articles on antique investing and investing in collectibles made me wish I had a larger place. Now is the time to buy blue chip antique furniture. It is also the time to sell your comics. The market is going insane right now and 90s comics are starting to go up in price when graded. You can thank the movies for the movement in the comic market.
I note the recent ‘dip’ in silver spot price hasn’t reflected a commensurate ‘dip’ in the price of physical. Probably a reliable sign this is the bottom.