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 junk bonds. (See the Economy & Finance section.)
Precious Metals:
Spot silver jumped to $14.50 USD per Troy ounce on Tuesday. So we may have seen the low for the year. This is a good time to buy.
o o o
‘Gold Should Head Toward $1,400’ – Bloomberg Intelligence
Economy & Finance:
Reader H.L. spotted this over at Wolf Street: US Gross National Debt Jumps by $1.27 Trillion in Fiscal 2018, Hits $21.5 Trillion
o o o
At Zero Hedge: Junk Bond Spreads Just Dropped To The Lowest Since 2007. The article begins: “The incredibly shrinking junk bond spread just passed a historic landmark when the Bloomberg Barclays U.S. Corporate High Yield index broke below the lowest spread since before the financial crisis this morning, dipping to 309bps, the tightest level since late 2007. This means that the extra yield over U.S. Treasuries that investors demand to own USD-denominated junk debt collapsed to the least in more than a decade.”
Stocks & Cryptos:
Dow jumps more than 100 points to all-time high, rallies for a second day to start fourth quarter
o o o
Tesla Refuses To Reaffirm Q3 Profitability And Free Cash Flow
o o o
Bitcoin Value Indicator – October 2018
Tangibles Investing:
The Coolest Guns From WWII (That You Can Still Buy)
o o o
When your favorite gun is discontinued, rare, and made of freakin’ plastic, you prep for the future.
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. 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. We often get the scoop on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!
“….. junk bond spread…”
Huh? What does that paragraph mean?
And why would I want to buy junk (rated) bonds?
I am a simple man, and have a basic understanding of economy, but this is over my head.
“gold should head toward $1,400”
(laugh) three hedge words in a row. think the comex paper-gold will ever list at $1900 again?
I know my 401k will take a small hit, my IRA as well. I think a bit of cash on hand and some in the bank is somewhat safe, although I would like to invest in physical PM’s. I think it’s safe to say that we all know a financial crash is merely weeks to months away.
“I think it’s safe to say that we all know a financial crash is merely weeks to months away.”
we’ve been hearing that for a decade now.
they’ll crash it when they can get the most asset confiscations possible.
Exactly, GMan