Here are the latest news items and commentary on economics and investing. We cover market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. Today we focus on investment guns. And most of these items reflect the quirky “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor):
Precious Metals:
First, over at Gold-Eagle: Gold price rises as Asian stocks, dollar slip after oil slump
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And I found this tantalizing prediction over at Kitco: Gold To Move Closer To $1,300 This Week – TD Securities
Commodities Economics:
Moving on to commodities. Martin Tillier: The OPEC Elixir Wasn’t Potent Enough
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And then this, from Investing.com: Strong start to summer driving season pushed U.S. oil rises towards $50
Forex:
Continuing on to foreign exchange (Forex) news: GBP/USD Heading Lower After Opinion Poll, Revised GDP Data
Global Stocks and Bonds:
Now, to consider the stock markets: As of this writing (May 31, 2017) I must again warn my readers that the U.S. stocks are quite over-valued. P/E ratios are considerably out of whack. There is now a substantial risk of a major correction. I strongly recommend diversifying out of stocks and into tangibles, as soon as possible.
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For the latest figures see: The Wall Street Journal‘s latest numbers.
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Next, we read: Nikkei flat as markets await U.S. data; TSE volume lowest since August
Derivatives:
We transition to coverage of the derivatives casino: Wall Street’s top derivatives strategist predicts some market turmoil ahead
Big Dang Global Bubble:
At Zero Hedge: Carson Block Says “Laws Of Economics” Dictate China Will Face “Day Of Reckoning”
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Next, some observations by Dr. Jack Rasmus: Brazil: Canary in the Global Economy Coalmine?
Global Economy:
Reader B.E. suggested this, over at Business Insider: Rosenberg: ‘We probably will have a recession next year’
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And over at Zero Hedge: Dollar General Accounts For 80% Of All New Store Openings In The US
Tangibles Investing (Investment Guns):
Finally, take a few minutes to read a wise editorial that dates back to 2010. Buy Guns Not Gold – A Better Investment in the Age of Uncertainty. JWR’s Comments: I have no regrets about the guns that I’ve bought. Investment guns are wise investments. Only a few of them would now be considered over-priced in the current post-election “cratered” marketplace. (The current Buyer’s Market is a quite atypical situation. The general trend for gun prices is upwards.) In the long term, I’m confident. All of my guns will be fine investments. I will be proud to give to my grandchildren.
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. So 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 of via our Contact form.) These are often especially relevant. Why? Because they come from folks who closely watch individual markets. And with their diligence and focus, we benefit from fresh “on target” investing news. As a result, SurvivalBlog often “gets the scoop” on economic and investing news. These items are probably missed (or reported late) in other news sources. Thanks!
http://www.modernhealthcare.com/article/20170526/NEWS/170529910?utm_source=modernhealthcare&utm_medium=email&utm_content=20170526-NEWS-170529910&utm_campaign=hits
Baking soda shortage
Wow, Rose. Good find. That is on every crash cart, in every OR, in every paramedic’s drug box. It’s amazing that we are considered a modern first-world country, yet we have shortages of critical drugs (generic heart and diabetes medications as well as things like sodium bicarb) due to lack of competition.