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 Rhodium.
First, there is this: Gold Steady Ahead Of US Data This Week, Weaker Dollar Supports
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Some good news: Louisiana Ends Sales Tax On Gold And Silver Bullion
Commodities (Oil Glut):
Next, there is this from Nick Cunningham: Oil Industry To Waste Trillions As Peak Demand Looms
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And in related news: Clogged oil arteries slow U.S. shale rush to record output
On to the foreign exchange (Forex) news, FX Daily had a good piece. EUR/USD setting up for significant move (June 26, 2017)
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Economy and Finance:
The leftist-statist biased Bloomberg news service posted a mix a of fact an rumor. Some Trump Aides Want a New Leader at the Fed
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Two more Italian bank failures have been reported: Veneto Banca Banco Popolare di Vicenza and Veneto Banca. Recently, Spain’s Banco Popular also failed. The Great Southern Tier of Europe Unraveling is far from over.
Tangibles Investing (Rhodium):
Here is a tangible investment that you might not have heard of: Rhodium. Rather than just buying futures contracts, some savvy investors buy Rhodium. They buy ingots and take physical delivery. And, as I’ve mentioned before in SurvivalBlog, Baird Mint has produced Rhodium bars specifically for investors.
SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos page for our detailed disclaimers.
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!