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 SurvivalBlog’s Founder and Senior Editor, JWR. This is the news that you won’t hear on CNBC! Today’s focus is on Auto Loan Delinquencies. (See the Economy & Finance section.)
Precious Metals:
This was reported on Friday: Gold Prices Up, At Weekly Highs, On Bullish Technical Momentum
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Invest In Gold Price As A Hedge In Cashless Society – Ex IMF Rogoff (Audio)
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China Accelerates Renewed Gold-Buying Spree “To Diversify Its Reserves”
Economy & Finance (Auto Loan Delinquencies):
From Wolf Richter’s Wolf Street: Subprime Arrives: Auto-Loan Delinquencies Spike to Great Recession Levels
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Also from Wolf: Mortgage Applications Drop Despite Lower Mortgage Rates: Industry is Baffled
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Hercy sent us this from Charles Hugh-Smith: What Happens When More QE Fails to Reverse the Recession?
Commodities:
Capital Economics: Copper To Rise More Than 60% In Six Years
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Saudi’s Oil Policy – ‘Fool Me Twice, Shame On You’
Forex & Cryptos:
Alasdair Macleod: Currencies Threatened By A Credit Crisis
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At CCN: Why Won’t Crypto Exchange Cryptopia Come Clean on How Disastrous Last Month’s Hack Really Was?
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Virginia Police Department Reveals Why its Pension Fund is Betting on Bitcoin
Tangibles Investing:
Whilst web wandering, I stumbled into a good source for high grade pre-1899 antique cartridge guns: Frontier American of Fargo. I haven’t yet done any business with them, so caveat emptor.
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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. We often get the scoop on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!
Western shows are also a good place to find pre 1898 guns. You can pick up a small break top Smith in 38 and 32 variations for $150-$300. Collectors look for perfect condition and prices reflect that. Some of the roughest look rifles I have seen had good bores and shot great. Remember that for function if it has a bad bore it can be rebarreled if the price is low enough.