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. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at rising gun and ammo prices. (See the Economy & Finance section and the Tangibles Investing section.)
Precious Metals:
Silver price falls 7% on vaccine news, but here’s key difference between gold and silver
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Gold Price Forecast: Gold Plummets Towards New Target. The article begins:
“I saw the potential for market-changing news over the weekend, but I did not expect it to be on the vaccine front. Pfizer announced a successful vaccine, and gold is plummeting.
Our cycles supported a turning point in precious metals around November 6th (+/- a few trading days). I assumed it would time a low aligned with our 6-month target. Today’s market action to the vaccine suggests that instead of a low – gold inverted and formed a high overnight. The election fiasco kept gold elevated long enough to force the cycle to invert. Subsequently, gold pushed its 6-month low into the last half of December.”
Economy & Finance:
Seeking Alpha reports: Tesla Just Put The Accelerator Down On The EV And Battery Boom
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And at Yahoo Finance: Negative yields may be coming to U.S.: Guggenheim CIO Minerd
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Gunmaker Stocks Soar at Prospect of Biden Victory. JWR’s Comment: As the article mentions: the prices of guns are expected to also rise. I anticipate that the biggest price increases will be for semi-auto rifles. A “Plain Jane” AR-15 may be selling for $2,000+, in January. I trust that my readers have stocked up on guns, stripped AR lowers, magazines, and ammunition. Your return on investment will likely exceed that of the best performing stocks.
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At Wolf Street: State of the American Debt-Slaves, Q3 2020: The Stimulus & Forbearance Phenomenon
Commodities:
Copper MMI: Copper price reaches 28-month high.
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OilPrice News reports: Citibank Forecasts $49 WTI For 2021. Here is an excerpt:
“Two months ago, Citi was expecting oil prices to recover to $60 a barrel by the end of next year as the oversupply will have been drawn down by then, as major investment banks and analysts were fairly bullish on oil.
However, the surge in COVID-19 infections in recent weeks and the renewed lockdowns and curfews in major European economies—including France, the UK, Italy, and Germany—are pressuring oil prices downwards as the rebalancing of the oil market is once again slipping to a later than initially expected time.
In its note on Monday, Citi said that prices would be supported by OPEC+ not easing the cuts from January, as currently planned. The group will likely extend the cuts as-is through the end of the first quarter of 2021, according to Citi.”
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AAA Mid-Atlantic: Gas Prices At Lowest Levels Since 2004
Derivatives:
OTC derivatives not immune to Covid-19 market turmoil
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Forex & Cryptos:
Post-Election USD Sell-off Plummets to Critical Support- Gold False Breakout Risks Deep Losses
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When I last checked (Thursday evening), it took $16,460 USD to buy one Bitcoin. Buckle up.
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FUD or regulatory change? Rumor clouds swirl around crypto exchanges
Tangibles Investing:
AMMO, Inc. Sees Demand Increase 291% for Its Streak Visual Ammunition Year Over Year
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USN&WR: Pandemic, Presidential Election Leads to Run on Ammunition
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Say Goodbye to Inventory at Your FFL?
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 closely watch specific markets. If you spot any news that would be of interest to SurvivalBlog readers, then please send it in. News items from local news outlets that are missed by the news wire services are especially appreciated. And it need not be only about commodities and precious metals. Thanks!
re:
AMMO Inc
The press-release is about two-hundred words.
The disclaimer following — warning about differences between ‘historical statements’ and ‘future-oriented statements’ — runs an additional three-fifty.
The disclaimer specifically discusses weasel-words such as ‘could’, ‘may’, ‘potentially’, and a dozen other phrases used to give the illusion of adequacy without furnishing any substance.
Was something similar on WesternRifleShooters?
Maybe it was by ConcernedAmerican on Gab…
The portrait showed ex-bureaucrat biden in front of a banner boldly proclaiming ‘Office Of The President’-Elect and ‘COVID-19 Briefing’, neither of which exist outside the imaginations of his Puppet-Masters.
The ‘briefing’ were some opinions/lies somebody fabricated for the spokes-model to blather, the ‘office of the president-elect’ has no office or transitional anything.
The banner was a comforting ‘blue’ with royal ‘gold’ letters.
It was quite official in appearance, six-feet wide and four-feet high… and about one-mil deep.
For comparison, a water-bed mattress is about six-mil thick.
Appearances of legitimacy.
Amateur Night at the Five-n-Dime.
The marxists are not attempting to hide their coup.
*****
After marxist rioters [ some overlap ] invaded the gated community and the McCloskey husband-and-wife team stood their ground enforcing the Castle Doctrine — surrounded by marxists trampling the gardenias — what did their neighbors do?
Do not break into small groups, do not discuss.
I took a gamble on buying a new caliber 6.5 Grendel just as everything started and that might have been a mistake lol. I guess we will see.
Other than that it’s pretty comical watching the ammo scramble to those who were told but refused to listen but I’m confident it will become no longer funny as folks become desperate and go with the socialist agenda of your ammo is my ammo because I want it.
Y’all stay safe
In more ammo news, Vista has a $1billion backlog.
https://www.foxbusiness.com/lifestyle/vista-outdoors-ammunition-backlog-billion
With the fear of gun rights reaching a peak and never staying at this level or increasing again, I doubt I will ever turn my firearm assets back into cash. Got enough for me and my son if it must be this way, but still hopeful…
I have never regretted any ammo, mag, or gun purchases based off of how much I paid, even when it seemed a little high at the time. I HAVE regretted not buying guns, ammo, and mags many times. I figure I’m going to keep buying as I can.
The same thing goes for food, tools, and other supplies.
In many previous years I have cringed to see the ‘holiday’ (no more holy-days it seems) $ALE$ BLITZ$$ seeming to begin earlier and earlier, but chalked it up to me being a Grinch.
This year seems to blow those others away. Thanksgiving observance is more absent than ever. When I walked through the drugstore I saw Christmas candy right beside the Halloween candy! Now, I understand the school of thought that says: hey, we’ve all had a rough year, let’s bring on the merriment a little earlier, maybe it’ll be comforting. Not to mention all of the businesses desperately trying to stay, well, in business! Some of those folks probably do have great intentions, focusing on the traditions and the family and the joy and and and.
But, is it just me, or does anyone else here think that seeing those ads is almost a surreal experience? Similar to the way it feels to observe the world seem to just keep on revolving whilst you yourself are suffering a death in the family or other devastating personal event? The other night I wanted to watch a choral concert, and had to skip thru ads for department stores and earbuds and toys and all so mErRy AnD bRiGhT…and it all just looked so… unfamiliar. Like, are people really still buying StuffStuffStuff MoreStuff? Probably made in China?
Bread and circuses maybe?
Is it just me?
Matt in OK… I am also well stocked but just bought an S&W M&P Shield .380 EZ, due to barely being able to correctly pull the slide on my 1911 .45, this is so much easier, but ammo is hard to come by, mostly pawn shops, usually one box limit, so it will be a while till I build up ammo cans full like my other calibers.