Economics and Investing:

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I’m going to go out on a limb and make a prediction as of today (October 21, 2016):  I am convinced that as long as the Negative Interest Rate Policy (NIRP) continues, there will be a strong demand for not just mattress money but also for physical silver and gold.  So I’m now going on record as saying: There should be a steady bull market in the monetary metals for as long as NIRP is in place.  Meanwhile the industrial metals will probably continue to be in the doldrums.  This explains why an ounce of platinum is now selling for $330 less than an ounce than gold. This is a historical aberration that will be reversed only at the end of the current depression. – JWR

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I stumbled into this great set of precious metals links: Goldsheet Mining Directory.  It looks worthy of what Winnie called: “taking a long explore.”  – JWR

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Reader G.G. flagged this: Obama administration: Budget deficit increases to $587 Billion

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Over at OilPrice.com: The Truth About Permian Shale Break-Even Prices

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