Here are the latest news 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 current stock market turmoil. (See the Stocks section.)
Precious Metals:
A Certain Precious Metals’ Perspective
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Gold Is Still The More Stable Safe Haven Asset For 2019 – Phil Streible
Economy & Finance:
A BBC reporter asks: Is the US heading for a recession?
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Fed points to December rate hike but is worried about tariffs and debt
Stocks (Stock Market Turmoil)
The past month has been an upsetting for American stock investors. Thankfully, I no longer partake at all from that menu. I sleep very well at night, while some of my neighbors must surely suffer from midnight dyspepsia. December has traditionally been a quiet month for stocks. But not so, this year!
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Next, at Wolf Street: US Bank Stocks Spiral Down
Commodities:
Over at Reuters, the latest Inside Metals
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Over at Seeking Alpha: Soybean futures fall 1.6%, as China purchase barely dents huge U.S. stockpile
Forex & Cryptos:
The US Dollar Index may have seen a top. Some analysts predict a stronger Euro, in 2019. And as for the British Pound? That of course all depends on progress with Brexit. I suspect that President Trump still wants to pursue a weak Dollar strategy, to encourage strong exports. Time will tell.
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Bitcoin Daily Chart Alert – Bears In Control Amid Quiet Market – Dec. 13
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Bitcoin Price to Likely Avoid Drop Below $3k as Crypto Loses $14 Billion in 1 Week
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!
U.S. Recession Risk Now 39%
Nah, something is wrong and the US stock market, the largest and most liquid and accurate crowd sourced measure, always sniffs it out several months ahead of time. Many household name companies are lowering growth and earnings estimates. This is supposed to be the best time of year for retailers, black friday dontchya-know, but they are getting crushed, even Amazon. What’s holding up the indexes? Beats me, the median stock is already in bear market territory.
American soybeans are genetically engineered, pesticide and anti-fungal laden, likely covered with glyphosate, poison. Never eat non-organic soy anything, ever. Eew.
Don’t eat soy anything it turns into estrogen in your body and increases your chance of cancer…
Higher fed rates force public corporations to invest more in purchasing their own stock back. Dont look now but someone took away their punch bowl.