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 the rising spot and futures prices for silver in U.S. Dollar terms. (See the Precious Metals section.)
Precious Metals:
Precious Metals Rise; Silver Scores 5-Week High. A pericope:
“Silver for December delivery surged 61.9 cents, or 2.7%, to close at $23.883 an ounce. The settlement was the highest since Sept. 14.”
JWR’s Comments: The rally has continued since then. By Friday morning, silver was up to $24.91 per Troy ounce on the spot market. Methinks we’ve seen the bottom, and this is the beginning of a big silver rally.
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Shocking Numbers Show Government Crowding Out Real Economy.
Economy & Finance:
Fed says it could begin ‘gradual tapering process’ by mid-November. JWR’s Comments: Promises, promises… They’ve been dropping hints for many moons. I’ll believe it when I see it.
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The World’s Rich and Powerful Are Stashing $500 Billion in This Tax Haven.
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The Shorter Work Week Really Worked in Iceland. Here’s How.
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At Seeking Alpha: Markets will face a ‘rates shock’ in 2022 – BofA.
Commodities:
Reader H.L. sent us this Fox News link: Ranchers launch effort to build own meat plants to fight against low beef prices.
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OilPrice News reports: Why $80 Oil Won’t Destroy Demand.
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Faced with a power crisis, China may have ‘little choice’ but to ramp up coal consumption.
Inflation Watch:
Tucker Carlson’s recent commentary on inflation: This is a real problem, it isn’t temporary. JWR’s Comments: He had a good description of the problem, but he missed making two important points: 1.) The Federal Reserve “bureaucracy” that he mentioned is actually a private banking cartel that was handed the keys to the kingdom, in 1913. and 2.) Inflation is a hidden form of taxation that robs purchasing power from savers.
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By way of the very useful WhatFinger news aggregation site: Jen Psaki Tells Stunning and Dangerous Lies About Transitory Inflation, Claims Price Increases Will Stop – They Won’t.
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Let’s Go Brandon! Looks Like Stagflation Is Already Here.
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“Shortages” Aren’t Causing Inflation. Money Creation Is.
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At Zero Hedge: Producer Price Inflation Hits New Record High, Pricing Pressures Near ’70s Peak.
Forex & Cryptos:
IHS Market Warns Of “Armageddon” For US Propane Market.
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Over at Currency Thoughts: September 2021 and Third Quarter in Figures.
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ETF approval drives Bitcoin towards all-time high at $65K – Crypto Weekly Roundup, October 18, 2021.
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Mark Cuban labels BTC, ETH, and Doge as most important cryptos.
Tangibles Investing:
At Consumer Reports: How to Navigate Surging Used-Car Prices. An excerpt:
“Woolard says that current used car prices are 42 percent higher than they were in the first quarter of 2020, before the pandemic caused widespread closures and market disruptions. The price increase has helped drive an overall rise in the nation’s inflation rate.”
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Palmetto State Armory (one of our affiliate advertisers) is continuing their Free Shipping special on all uppers and parts sets. Take a look at their site, and be sure to check their Daily Deals.
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 or 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!