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 quirky “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on Chinese investors.
Precious Metals:
First of all, Greg Hunter offers his Weekly News Wrap-Up (6.9.17)
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From Reuters: Palladium surges 7 percent to highest in 16 years; gold retreats
Commodities Economics:
Next, over at OilPrice.com, there is an informative piece by Irina Slav. The Next Big U.S. Shale Play
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InvestorIntel: Rare Earths Monthly – May 2017
Forex:
On to the foreign exchange (Forex) news: GBP/USD Forecast June 9, 2017, Technical Analysis
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And here is some analysis at Forex Crunch: UK elections 2017 – all the updates in one place
Global Stocks:
Moving on to stocks, on Friday the Dow was up, but the headlines were dominated by this: Tech Stocks Continue to Slide.
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Almost always, what goes up must come down: Apple, Facebook and other big tech stocks tank, weigh on Wall Street
Debt Bubble (Chinese Investors):
The housing market in Vancouver, British Columbia can now be classified as super-heated. The average price of a detached house in Vancouver just hit a whopping $1,831,000. Much of this rise has been attributed to buyers from mainland China. Recently slapped with a 15% tax by Vancouver, the Chinese are now buying more houses in Seattle.
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I missed this article when it was posted back in April: Carson Block Says China Is Massive Asset, Credit Bubble. (Caution: It has auto-starting video content.)
Economy and Finance:
Next, there is this from Simon Black, at SovereignMan.com: This is how a “bail-out” becomes a “bail-in”
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And over at Zero Hedge, Tyler Durden reports: State Corporate Tax Receipts Just Crashed The Most Since The Recession
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Also from Tyler: “It’s A Perfect Storm”: List Of Retailers In Danger Of Bankruptcy Hits Record 22
Tangibles Investing:
Finally, take a few minutes to read this: Three “Golden” Ammo Stocks to Buy for Big 2017 Returns
Provisos:
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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 missed (or reported late) in other news sources. Thanks!
Everyone with money in the stock market needs to learn about how to use a trailing stop loss. This is the ultimate hedge that let’s you participate on the way up and gets you out before the depth of any significant downturn. A TSL can be set at any %, say, 25%. If a security’s price closes at a level 25% below its previous high point, you sell it at the open the next day. It’s that simple. One important point is to keep your stops out of the market and use a spreadsheet or website for this purpose. I suggest http://www.tradestops.com as one of the best out there. This is body armor for your portfolio.
Interesting Mark Waldman, how would this work when your employer has your 401k managed by a company? Can you have the company that your 401k with do this?
If your 401(k) is managed by a company, which means they have discretion to make changes without your prior permission, you’re stuck. You might check to see whether you can opt out of the management. You would then use a website to put TSL’s on the funds you choose. One further caveat: everything works better if there is a money market fund somewhere in the plan that you can park the money in after any sales.
One further comment: some retirement plans allow participants to open a brokerage account to hold their contributions. Needless to say, they don’t advertise this, as it means more work for them. If you can do this, you would have all the responsibility for choosing your investments, and you would have a much wider range to choose from. This would allow you to use trailing stops too.