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 hear war drums and take a look at the precious metals market.
Precious Metals:
It is noteworthy that the spot price of silver was $22.50 per Troy ounce on February 4th. When I checked over the weekend, it was at $23.57. I expect a jump at the opening bell in the Asian markets on Monday morning. And if war breaks out in Ukraine, then we can expect substantial jumps in all of the precious metals prices. In percentage terms, silver will likely move the most, since it is still under-valued. Update, Monday Morning Update: We did indeed see the DJIA down, and precious metals up. Silver $23.73, and gold: $1862.10. With war reportedly imminent in Ukraine, no surprises there. Expect equities plunge protection to kick in, shortly.
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Epic Silver Coins Found at Bank – Silver Coin Collection Dump for Face Value!
Economy & Finance:
Breitbart‘s report on a meeting that will be held today: Fed Announces a Closed Meeting for Monday to Discuss Discount Rate. JWR’s Comments: A 20 basis point increase soon, and more increases later this year? The yield curve is already crashing, in anticipation.
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Published on Friday at Zero Hedge: Oil Soars; Ruble, Stocks Tumble On Report “US Believes” Putin Will Launch “Horrific, Bloody” Invasion Of Ukraine. JWR’s Comments: Outside of the intelligence community itself, there are three types of people in Washington D.C.: 1.) Career government people and a handful of elected politicians and appointees who are read-on for Sensitive Compartmented Information (SCI) who get to see actual intelligence products and summaries, 2.) People who hear a few leaks and rumors, and 3.) The utterly clueless. It is the latter who are the most numerous.
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SEC Adopts New Disclosure Rules For Private Equity Shops And Hedge Funds.
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Commodities:
H.L. sent us this: Ford is considering flying car parts to its Canada factory, which closed down due to supply shortages after trucker protests blocked roads: report.
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OilPrice News reports: Cutting Russia’s Oil Flow To Europe Would Be A Disaster.
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From Zack’s: U.S. Steel (X) Breaks Ground on $3B Steel Mill in Arkansas.
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Brazil’s biggest farmer coop to get less soybeans as drought cuts supply.
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The Billion-Dollar Nickel-Swap Scandal That Shocked Singapore.
Inflation Watch:
ABC News reports: US inflation highest in 40 years, with no letup in sight.
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Kellogg, Coca-Cola Say Consumers May Start Rejecting Price Hikes.
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Biden Addresses Soaring Inflation, Blames Pandemic, Lies About Wages.
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Kudlow: The harder you work, the less you’re taking home. The price of groceries is up 9.4% over the past three months
Forex & Cryptos:
Everything Is Exploding Higher Now… Except The Dollar.
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What’s the basket of trades around war in Ukraine?
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Crypto exchange Binance to invest $200 million in Forbes.
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China’s Digital Currency Is A Surveillance Tool Threatening US: Former US Rep. (Thanks to Mark M. for the link.)
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Argentinian Tax Authority to Seize Digital Wallets to Collect Tax Debts.
Tangibles Investing:
Kiplinger: A Wave of Bankruptcies and Foreclosures Appears to be Building.
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Palmetto State Armory (one of our affiliate advertisers)
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!