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, we examine investing in Ruger 77 International stainless steel rifles. (See the Tangibles Investing section near the end of this column.)
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Johann Wiebe interview: Here’s Why You Shouldn’t Give Up On Silver Prices
Economy & Finance:
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The Chicago Tribune reports: Farmers wash up ‘in a fragile place’ after historic Midwest floods
Next, at Zero Hedge: Restaurants Roasted By Rising Meat Prices. Here is a quote:
“Just hours after IMF Director Christine Lagarde got done telling the world that “everybody” would like a little more inflation, McDonald’s warned investors on Tuesday that it could be under pressure from commodity costs in the U.S. rising as much as 3% – higher than the 1% to 2% inflation that it had forecast just three months ago. In fact, the dining industry as a whole is reeling under the same pricing pressure, according to Bloomberg.
BJ’s Restaurants Inc. is expecting higher pork prices and Yum China Holdings Inc. told investors that rising poultry costs will hit their margins for the rest of the year. These worries come on top of a cost concerns about a rise in the minimum wage.
The rise in meat prices has been largely driven by the swine fever that is decimating China’s hog population. Processors around the world have been trying to make up for the shortages caused by the outbreak, but prices have spiked nonetheless. As companies look to substitute pork with more chicken and beef, those prices have also risen.”
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And at Wolf Street: Did Someone Turn Off the Spigot? Global Semiconductor Sales Plunge Most Since the Financial Crisis. A snippet:
“According to chip makers, the plunge isn’t over yet. Now hoping it won’t turn into the mess as in 2001 when the last tech bubble became the dotcom bust.
Global semiconductor sales dropped 15.5% in the first quarter, from the fourth quarter last year, to $96.8 billion, the World Semiconductor Trade Statistics (WSTS) organization reported Monday afternoon. The three-month moving average in March has now plunged 25% from the three-month moving average at the peak last October, the deepest plunge since the Financial Crisis:”
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The limited edition “KR77SI” stainless steel variants of the Ruger 77 International rifles (with Mannlicher-style full length stocks) have each almost immediately sold out to become scarce and collectible. The International style is not everyone’s “Cuppa Tea”. But, if you do like their lines and if you can find any of these in a practical chambering (such as .308 Winchester or perhaps .243 Winchester) that are either new in box (NIB) for under $900 or like new in box (LNIB) for under $825, then jump on them!
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!