Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. This column emphasizes JWR’s “tangibles heavy” investing strategy and contrarian perspective. Today, we look at some impacts of the raised debt ceiling.
Precious Metals:
Adam Hamilton, at Gold-Eagle.com: Gold’s Fedspeak Pullback.
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Uganda’s ‘huge’ gold discoveries.
Economy & Finance:
Trillion-Dollar Treasury Vacuum Coming for Wall Street Rally.
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FHA Floats New Program To Use Taxpayer Cash To Pay Mortgages Of Delinquent Homeowners.
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Linked over at the Whatfinger.com news aggregation site: Total Farce: Real Spending Under Debt Ceiling Deal Actually Goes Up Next Year.
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Why is 2023’s bank turmoil largely a West Coast thing?
Commodities:
Franklin sent us this: These Foods Will Be In Short Supply In 2023, So Stock Up Now (Or Find Alternatives).
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Commodities Update: Lumber Prices and Oil Prices – June 2023.
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Most of US faces elevated risk of blackouts in extreme heat this summer, NERC warns. (Our thanks to Peter for the link.)
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The Debt Ceiling Drama Ended Well For The Energy Industry.
Inflation/Deflation Watch:
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More Proof: Deflation Is The Future.
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Morningstar: Why We Expect Inflation to Fall in 2023.
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Carfax: Used Car Price Trends in June 2023.
Forex & Cryptos:
Video from Bloomberg: Dollar to Weaken Throughout the Course of 2023: Sinha.
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At Currency Thoughts: FOMC Statement and Press Conference.
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Michael Novogratz says Bitcoin will be ‘off to the races’ near year-end.
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Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport.
Tangibles Investing:
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Palmetto State Armory (one of our affiliate advertisers) has some great specials in their “Days Of Summer” clearance sale, this week. Among them are this: PSA 16″ Mid-Length Pencil 5.56 NATO 1/7 Nitride 15″ Lightweight M-lok Upper Group – With BCG, CH, & MBUS Sight Set, for $389. (Normally priced at $619.) To find this deal at the PSA website, paste the SKU “51655112359” in their search box.
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. Thanks!