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 SurvivalBlog’s Founder and Senior Editor, JWR. Today’s focus is on Silver Price Manipulation.
Precious Metals (Silver Price Manipulation):
Ted Butler: A New Silver Issue For The Justice Department. Here is a pointed quote from Ted:
“As of the close of business on Jan 15, the 8 largest traders on the short side of COMEX silver futures held a net (pure) short position of 95,577 contracts, the equivalent of nearly 478 million ounces of silver, or roughly 60% of annual total mine production. The four largest traders held a net short position of 70,627 contracts, the equivalent of more than 350 million ounces or roughly 40% of total annual world mine production. In terms of the average short holdings of each trader; the 4 largest traders average more than 87 million ounces per trader, while the 8 largest traders hold short nearly 60 million ounces per trader.
No silver mining company produces 60 million ounces per year. Moreover, silver prices traded flat to lower over the reporting week, finishing at $15.62. That represents a price barely at or even below the cost of production for a primary silver miner, so the thought that silver miners were rushing to sell short and hedge production is absurd.”
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You may have noticed that Spot Silver jumped 25 cents (USD) per Troy ounce on Tuesday, to $15.95. (Feb. 19, 2019.) A run up to $17+ per ounce may be really happening…
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Palladium soars to record high on supply deficit; gold gains
Economy & Finance:
Housing Market Crash 2019 or 2020?
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Stacking The Next QE On Top Of A $4 Trillion Fed Floor
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Commodities:
Inside Metals (Thomson Reuters)
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Weekly Commodities Strategy: Steel Prices Have Further Room To Run Following Brumadinho Rupture
Cryptos:
Ethereum Surges 13% Overnight;: Crypto Market Punching For a Strong Recovery?
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Nasdaq to Add Bitcoin and Ethereum Indices to Global Data Service
Tangibles Investing:
I recommend that SurvivalBlog readers take full advantage of our Classified Ads. There, you can both find tangibles to invest in, and sell some of your own, to balance out your portfolio. Our basic ads are free of charge. And even the larger ads with lots of photos are quite reasonably priced. Get yourself tangible!
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I noticed that the number of ads on Armslist has expanded this year. It is a good place to buy guns from private party sellers in your own state. There, just click “Search your State.”
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos page for our detailed disclaimers.
News Tips:
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!