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 economic crisis in Turkey. (See the Economy & Finance section and the Forex section.)
Precious Metals:
Gold price logs first gain in 4 sessions, but still near 1½-year low as Turkey turmoil fades
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Jim Wykcoff: Good Sign For Gold Bulls: Gains Despite Greenback Rally
Cryptos:
Crypto Market Decline Aggravates as Ripple and Ethereum Hit Yearly Lows
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Square Expands Cash App Bitcoin Service to All 50 US States
Economy & Finance (Economic Crisis in Turkey):
From the Russian Tsarizm web site: Russia Looks To Get Rid Of USD In Oil Trade – “Too Risky For Trade”
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Dawn (of Pakistan) reports: Turkey’s economy looks like it’s headed for a big crash
Forex (Economic Crisis in Turkey):
Turkey Lira Meltdown LIVE: Erdogan and Putin join against US – Lira fails to recover fully
Tangibles Investing:
An important reminder from the SEC: Oil and Gas Scams: Common Red Flags and Steps You Can Take to Protect Yourself. Whether someone is offering shares or the land itself, BEWARE!
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News Tips:
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OTOH Gold may be failing here and headed for a round trip back to the ’16 lows.
Lot’s of countries are now getting off of the Petro Dollar. I’m not a big fan of Turkey. I think our need for them as a strategic ally in NATO to cover the southern flank of Europe has obviously past given the current self inflicted invasion. We, as people’s have nothing in common. In fact, as a white a Christian they want me dead. No, not a fan at all. Wouldn’t it be nice if we stopped messing with the Russians and stop making them a fictional enemy so our governments can play geopolitic strategy games? The Russian people are fine people. I think that we would be good natural allies against the global south. The whole East vs. West global paradigm needs to end immediately and northern peoples need to realize that the actual threat is southern peoples invading. Government ruins everything.
“good sign for gold bulls”
wow, look at them drop.