Today’s photo is from the Netherlands Archives, titled “Kerstviering Mijnwerkers in Zoutmijn” — Mineworkers in a salt mine, celebrating Christmas. It looks like those candles are sitting atop drilled salt pillars.
With most of the world’s markets, businesses, miners, and manufacturers taking a Christmas holiday today, I will forego my usual economics ramblings. I’m just posting three links to “must read” articles on the tumbling stock market:
Top Trump official calls bankers, will convene ‘Plunge Protection Team’ [1]
and,
What if the Dow fell another 4,000-plus points — would you be prepared? [2]
and,
How Bad Was Last Week In Historical Context? [3]
Yes, with just three links I’m slacking just a bit, on Christmas Eve. However, I’ve also been busy writing some items to round out the year:
On Wednesday (December 26th, 2018) I will be posting a special list of recommended charities in this column.
On Friday (December 28th, 2018) I will post my usual Economics & Investing For Preppers column. But it will also include some predictions for precious metals in 2019, by other analysts.
And next Monday (December 31st, 2018) I will post my economic predictions for 2019. – JWR
Comments Disabled To "Economics & Investing For Preppers"
#1 Comment By VT On December 24, 2018 @ 8:52 am
The Plunge Protection Team are the ones who have been manipulating PM’s for better than a decade and are partially responsible for the bubble market. This current drop may be attributeable to a “black out” for stock buy backs during SEC reporting periods. The article about 4000 point drop is a thinly veiled buy and hold+buy the dip propaganda.
#2 Comment By Fred On December 24, 2018 @ 5:41 pm
I’m still eying that long term, 2000 and ’08, double top in the SPY. That kind of double top action rarely goes without being tested as a new firm bottom. That would be somewhere between 1500 and 1600 in the S&P, but first, a major support can be found at the 2015 high. Many are noting the near parabolic start point from election day of Trumps win as a psychological round trip support level. Of course, this all depends on what’s wrong, but something is wrong. Hopefully it’s just a regular old mild recession, if there is such a thing anymore.
Merry Christmas
#3 Comment By Anonymous On December 24, 2018 @ 10:52 pm
Joel Skousen 2018 Year End Analysis
(YouTube Video)
ldsconservative
Published on Dec 23, 2018
[4]
Duration 1:40:51
“Joel Skousen speaking in Highland, Utah on December 7”
#4 Comment By Doc On December 25, 2018 @ 12:28 am
I’ve been eyeing buying more silver over the past month etc. curious what others are doing.
Also do folks buy rounds are Eagles.
#5 Comment By Deplorable Silver Stacker On December 25, 2018 @ 4:18 pm
Doc,
I was buying 1oz silver rounds on a monthly basis, approximately $100+ cash, from a nearby coin shop. But budget constraints starting in January will be stopping me temporarily.