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, more about rising inflation, globally. (See the Inflation Watch section.)
Precious Metals:
Matterhorn’s Ronni Stoeferle: Why Gold Will Benefit from the Inevitable Reshaping of the International Monetary System [2].
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Virginia Ends All Taxes on Purchases of Gold and Silver [3].
Economy & Finance:
At The Sounding Line: Most Accommodative Fed Ever [4]. JWR’s Comment: We may see the officially-quoted U.S. inflation rate in double digits as soon as December, 2022.
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H.L. sent this: Russia’s debt default will be one of the hardest in history to resolve and could see the US seize the central bank’s assets, economist says [5]. JWR’s Comment: If Russia successfully backs the Ruble with gold, then they might not default.
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At Wolf Street: Front-Running the Fed: Bank of Canada Hikes 50 Basis Points to 1.0%, Starts Official QT. Unofficial QT Already Shrank Assets by 15% [6].
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“The West Needs WWIII” – Martin Armstrong Warns “There’s No Return To Normal Here” [7].
Commodities:
At The Epoch Times: JPMorgan Predicts That Global Commodities Prices May Rise by 40 Percent [8].
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With Lithium Prices Up Ninefold, Report Underscores US Dependence On Foreign Minerals [9].
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Does E15 even save drivers money? [10]
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One More Calamity – This One Is Cold [11]. (Thanks to H.L. for the link.)
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Black Swan Event? Top US Fertilizer Producer Hit With Rail Delays To Midwest [12].
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Ammunition company moving its U.S. headquarters to Georgia, bringing jobs [13]. JWR’s Comment: Norma’s precision rifle ammo is in the “boutique” category, but I’m sure that they will be warmly welcomed in Georgia.
Inflation Watch:
Supplier prices rose 11.2% from a year ago in March, the biggest gain on record [14].
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Paul B. spotted this: Persistent global inflation confounds countries [15]. Here is an excerpt:
“In Britain, inflation is at its highest level in three decades. Economists surveyed by Bloomberg expect data published Wednesday to show that prices in March climbed 6.7 percent from a year earlier. The Bank of England has already raised interest rates three times since December to their pre-pandemic level amid growing evidence that companies are responding to rising prices with higher wages.
In the eurozone, the annual inflation rate jumped to 7.5 percent in March, up from 5.9 percent the previous month. Higher energy prices are the main driver of inflation there, with far fewer signs of significant wage increases.”
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At Wolf Street: Inflation Nightmare Keeps Getting Worse: Producer Prices Break Out. Inflationary Mindset Rules [16].
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Airfare surged 20% over pre-pandemic levels in March as inflation hit vacations [17].
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Why inflation will worsen [18].
Forex & Cryptos:
Euro hovers near two-year low vs dollar as ECB disappoints markets [19].
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USD forecast 2022: Can the US dollar rise further? [20]
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Cryptocurrency Tether Is Not A Stable ‘StableCoin’ And Will Collapse Crypto [22].
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Jameson Lopp: How to Back Up a Seed Phrase [23].
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Bitcoin Miners Receive Third Break This Year, Over 100K Blocks To Go Until The Halving [24].
Tangibles Investing:
Frank Sharpe of Fortress Defense: AR15 Magazines [25]. Franks says: “We should have a healthy supply of magazines stocked away for each rifle we own. Magazines get damaged and lost, as well as banned!”
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They’re singing our tune: Tangibles Investing in an Uncertain Economy: How a 42-year-old book holds the key to beat inflation [26].
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Is America post-“Peak Car”? CarMax Reported, Shares Plunged Further. Shares of Online Used-Car Startups Vroom, Carvana, and Shift Already Collapsed [27].
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos [28] 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 [29].) 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!