Here are the latest news 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 Palladium (See the Precious Metals section.)
Precious Metals (Palladium):
The spot price of palladium is still looking strong. But if you see the global economy start to turn downward, it would probably be a good time to cash in and take your profit on palladium.
o o o
But all is not well for all of the platinum metals group. Platinum itself–which has a price more closely tied to general industrial production and passenger automobile sales– is just now crawling up out of the dumpster. But it is bound to bounce back, so I consider it presently bargain priced.
o o o
And then there is Ruthenium, which I recommended to my consulting clients, back in 2016 and 2107. The spot price of Ruthenium has more than doubled in the past year. I really doubt that it is headed to another 2007-style price spike, but time will tell. Ruthenium has always been very volatile and difficult to predict.
o o o
Lastly, I should mention Rhodium, which I recommended publicly in late February of 2016. It was then spot priced at just $670 per Troy ounce, and at around $850 in coin form. The Spot Rhodium price is now around $2,200, and the scarce Baird Rhodium coins now sell for as much as a $340 per ounce premium over spot! Just as with palladium, if you see the global economy start to turn downward, it would probably be a good time to take your profit on Rhodium.
Economy & Finance:
Where stocks and bonds are heading this coming week is anyone’s guess. I’m generally expecting more of a rollercoaster ride. Buckle up! Reduce most of your long positions, re-assess your stop-loss orders, and do a serious re-evaluation of your portfolio. Look at each and ask: Is this stock or ETF recession proof? If not, then dump them. Where to put those proceeds? Tangibles. And if you are at or near retirement age, then lean toward the more liquid tangibles. If you’ve been reading this column regularly, then I shouldn’t have to list them. As an aside: I’m not presently much of a believer in cryptocurrencies. They’ve dropped around 75% in the past year. And with more regulation surely coming in many countries, the cryptos look dubious, at best.
o o o
Here is a well-reasoned perspective: S&P 500 Weekly Update: The Stock Market At A Crossroads
o o o
Despite rising interest rates, national economic statistics are looking solid.
o o o
Forex & Cryptos:
Forex Market Outlook For The Week November 5 – 9, 2018. Here is a quote: “Last week was a turbulent period for the U.S. dollar amid the jobs report, stock price movement, and the heightened possibility of a trade deal between China and the U.S. becoming real.”
o o o
o o o
They’re calling it the depression in the price of Depression Glass. One thing that eBay has surely done is created a genuine global market for collectibles. One unintended consequence is that this broadening has made some formerly “scarce” items like Depression Era glassware all too common, and prices have therefore suffered. I’m a big believer in free market economics–where supply meets demand and a fair price is established. But it saddens me to see that some folks who invested in collectibles back in the early to mid-1990s had a rude awakening when the marketplace went global. Now the world truly knows what is “scarce” and what isn’t. We are living is the 21st Century. This is era of both American Pickers, and eBay. Except in remote areas, the information treasure trove of the Internet is at everyone’s fingertips, via laptops and smartphones. Be frugal and wise. Do lots of research before you buy.
SurvivalBlog and its Editors are not paid investment counselors or advisers. 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 get the scoop on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!