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. Today’s focus is on Kyle Bass and the Big Yuan Short. (See the Forex & Cryptos section.)
Niels Christensen: Gold Has Room To Move Higher But Don’t Expect A Breakout Rally – Analysts. Here is a quote:
“The rally in gold comes as the U.S. dollar remains resilient, trading at its highest level since mid-December. Looking ahead, many analysts have said that strength in the greenback is less of a headwind for gold because of global central bank action.
George Milling-Stanley, head of gold investments at State Street Global Advisors, said that there is a “race to the bottom” among central banks as they try to stimulate their respective economies. He added that the U.S. dollar is strong, not because of any significant resilience in the domestic economy, but that it the best option out there.
“I am looking past all this short-term volatility. I see a general atmosphere of higher uncertainty, more equity market volatility and a weaker U.S. dollar, which will all be good for gold,” Milling-Stanley said.”
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When “face value” is much different: Florida Man Redeems Rare Stolen Coins Worth $33,000 In Supermarket ‘Coin Star’ Machine
Economy & Finance:
Avi Gilburt: Bonds Setting Up To Skyrocket
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Why Americans are suddenly paying $550 per month for new cars. (Thanks to Josiah for the link.)
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Mercedes-Benz [Atlanta] Stadium going cashless, changing concession prices again. JWR’s Comments: I have no doubt that this stadium was taxpayer subsidized. To have them now refuse legal tender is an affront to taxpayers. Beware, folks: This is a growing trend that is setting us up for a cashless society. And a cashless society will be one with no transaction privacy!
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At Kiplinger: 33 States with No Estate Taxes or Inheritance Taxes
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The latest sale at Palmetto State Armory caught my eye: PSA AR15 Freedom Classic Lower with Olive Drab Green M4 furniture for just $129, with free shipping. Search on Palmetto’s part number: 7779347. This sale ends at 12 Noon on March 14, 2019.
Forex & Cryptos:
Why Kyle Bass Is Doubling Down On “Big Yuan Short”. JWR’s Comment: Mainland China’s stupendous malinvestment bubble, private debt bubble, and public debt bubble have already reached their pinprick moments. I concur with Bass: The Yuan is going to suffer badly in the next few years. If there were a big short titled: “Short Everything China”, then I’d buy it right now.
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Another Bitcoin Indicator Signals Price Bottom May Be Forming. JWR’s Comment: Show me a USD price solidly above $4,000 for six successive months, and I might become a bull market believer. For now, however, I’m still glad that I spent my Bitcoins on guns and gun parts early last year, back when the price was around $8,000 USD.
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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!