Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on the Fake Recovery.
Precious Metals:
First up, Frank Holmes asks: Is India’s Gold Market Recovering?
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The Herald (in New Zealand) reports: May gold deliveries buoyant
Commodities:
Next, there is this from Nick Cunningham: Déjà Vu: Shale To Kill Oil Prices Once Again
Forex:
On to the foreign exchange (Forex) news, there is this: USD/CAD Boosted By Slide In Oil Prices
Global Stocks (The Fake Recovery):
Moving on to stocks, here is some pointed commentary (with a couple of good illustrative links) from Ol’ Remus, in his excellent Yer ‘Ol Woodpile Report blog:
Federal Reserve “money ex nihilo” has increased to 16% annualized, from February to May. So far the only thing it’s stimulating is the stock market, in fact, it may be the only thing holding it up. At the same time, the Fed is looking to dump “too big to fail” trash.
Yeah yeah, they’re competing with themselves, but a cynic would say they’re making room for the coming round of rescues. Too harsh? The Shiller PE ratio for the S&P 500 has just passed 30. Credible estimates say the market will continue to over-rev until late summer. Then the timing chain breaks and it’s 1929-o’-Rama. Worth keeping an eye.
Economy and Finance:
Next, Ol’ Remus flagged this important bit of credit market news: UBS Has Some Very Bad News For The Global Economy
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And over at Silver Phoenix 500, Peter Schiff had this to say: Here Comes Quantitative Tightening
Derivatives
DERIVATIVES – Bond issuers face rising costs on euro swaps grab
Tangibles Investing:
Finally, you might want to listen to this Old Dawg’s REI podcast: Flipping Raw Land. Note: Just past the 21 minute mark, he specifically mentions buying remote land that appeals to preppers. Caveat Emptor: This technique generally works best in a rising market. In a falling market you could get stuck with hard-to-sell properties and a lot of annual property tax bills.
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, because they come from folks who particularly watch individual markets. And due to 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 that is probably ignored (or reported late) by mainstream American news outlets. Thanks!