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, we look at the importance of growing U.S. natural gas exports to European Union (EU) countries. (See the Commodities section.)
We’ll begin with: Seven Laws of Investing (as they relate to gold investing.)
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Economy & Finance:
WSJ video: Why Amazon Is Gobbling Up Failed Malls
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Eric Peters: The Glut Cometh
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Zero Hedge reports: Why Trump Has All The Leverage In China Trade Negotiations, In 3 Charts
Next, at Seeking Alpha: Spring Crash Signs Grow. A snippet for you:
“The tech sector has led the market rally in 2019 but it looks like the trend is about to change if it hasn’t already. Revenue slowdowns and weak guidance from some of the group’s bigger names coupled with tepid wage growth has led to some rotation out of the sector. Tech is still the best performing sector year-to-date but investors are starting to show a preference for safer shores.”
EU Promises To Double U.S. LNG Imports Within Five Years. Irina Slav’s OilPrice.com article begins:
“The European Union has promised to double its intake of U.S. liquefied natural gas over the next five years with the annual total reaching the equivalent of 8 billion cubic meters in 2023, double the current annual rate of imports, Forbes’ Dave Keating reported last week, citing an announcement by the European Commission.
The news is good for both sides. For U.S. LNG producers, a growing export market is always good news. For the European Union, this pledge to buy more U.S. LNG will defuse a tariff bomb that President Trump threatened to blow up last year: he said he would slap import tariffs on German cars if the EU did not play nice. With few options available, this is exactly what the EU has done.
But the increase in U.S. LNG imports is good news for the European Union in more than one way. It will also reduce its reliance on Russian gas—something that has been a thorn in the side of several central European EU members, most notably Poland and the Baltic States. These, by the way, are already the chief buyers of U.S. LNG and builders of import terminals. However, they are small potatoes compared with Germany, the EU’s largest energy consumer and gas importer.
At a recent meeting in Brussels when the import doubling pledge was made, U.S. Energy Secretary Rick Perry praised the EU for its decision saying U.S. LNG imports were more secure than Russia deliveries. European Energy Commissioner Miguel Arias Canete, however, emphasized the price component in the LNG import dynamics: ‘Given our heavy dependence on imports, U.S. liquefied natural gas, if priced competitively, could play an increasing and strategic role in EU gas supply,’ he said.”
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Forex & Cryptos:
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Looking for investment grade vintage wristwatches? The HODINKEE Guide To Buying Watches On eBay. (Note: This article is several years old, but the advice it contains is just like a great watch: timeless.)
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