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 [1]. Today, we look at Bitcoin regaining $50,000. (See the Forex & Cryptos section.)
Precious Metals:
I just noticed the silver to gold ratio has slipped back down to 76.26-to-1. So this is a good juncture for you to ratio trade some of your gold into silver.
And to reiterate a point that I made earlier this week: All that it will take is the mass media adopting the term “American Hostages” to the current Afghanistan debacle, and precious metals will jump more than 10% overnight. And if the “Hostage Crisis” drags on, then plan on 30% to 40% gains. – JWR
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Commerzbank sees gold price pushing to $1,900 by year-end, moving $2,000 target to next year [2].
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Gold Surges Back Above $1800, Erases Payrolls/Flash-Crash Losses [3].
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How Much Will Silver Be Worth If the Dollar Collapses? 2021 Edition [4].
Economy & Finance:
At Zero Hedge: Million-Dollar Listing Spike Sparks Jump In US Existing Home Sales In July [5]. JWR’s Comment: Clearly, The Smart Money crowd sees the top, and trouble ahead.
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A Liberty and Finance video interview: Nightmare Crash & Foreclosure Crisis — Alasdair Macleod [6]. (The inflation discussion begins at the 12:40 mark.)
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Futures Rise As Jackson Hole Looms, Dollar Slides, Bitcoin Surges [7].
Commodities:
Over at Daily Copper News: Commodities Roundup: Shipping disruptions; oil prices drop; copper doldrums [8].
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OilPrice News reports: Oil Rebounds 3% After Seven-Day Losing Streak [9].
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Coffee Prices – 45 Year Historical Chart [10].
Inflation Watch:
Mike Patton, at Forbes: Inflation Surge To Continue: Here Are Three Reasons Why [11].
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Food Inflation Is Here to Stay, As Evidenced By the Biden Regime’s Quiet Food Stamp Increase [12].
Forex & Cryptos:
At MunKnee: U.S. Dollar Will Collapse When This Upcoming Event Happens [13].
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Coming up at 1340 GMT on June 29, ECB President Christine Lagard will give a keynote address [14].
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USD/CHF Forecast and Weekly Analysis August 23 — 27, 2021 [15].
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TA: Bitcoin Breaks $50K, Why BTC Could Continue To Gain Momentum [16]. JWR’s Comments: BTC rallies like this represent good opportunities to take your profits and reduce your exposure to crypto risk. At this stage of the game, with sovereign cryptos waiting in the wings and with more crypto regulation and taxation looming, you should probably reduce your crypto holdings to just some “fun money” investing. That is: Sell enough crypto to cover all of your initial coin acquisition costs. That way, if you lose what you have left, then you won’t be harmed.
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Are crypto investors about to pay more taxes? Frank Holmes on gold, metaverse, IRS [17].
Tangibles Investing:
In the UK: Whisky cask investing. [18]
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Whisky casks could be safer bet for investors than gold [19].
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos [20] page for our detailed disclaimers.
News Tips:
Please send your economics and investing news tips to JWR [1]. (Either via e-mail or via our Contact form [21].) 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!