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 quirky “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor):
Worries about continuity of the Trump Administration threw a scare into to the gold market this week. After a jumpy day of trading on Wednesday, the gold futures and spot markets saw some profit taking on Thursday, with gold closing below $1,247. Ditto for silver, with a 2.02% drop to $16.56.
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Sarah Benali over at KITCO reports: Is Silver a ‘Strong Buy’ Right Now? This Analyst Thinks So…
On to the foreign exchange (Forex) news: Gary Savage: The Dollar is Nearing a Final Yearly Cycle Low. The DSI ratcheted up on Thursday.. Remember: When buying foreign currencies, buy on USDI rally days.
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And over at Zero Hedge, Tyler Durden reports: Dollar Slumps To 6-Month Lows As Stocks Do Something They Haven’t Done Since 1969
Moving on to stocks, SurvivalBlog’s Mr. Econocobas suggested this news item: Stocks Get Crushed, Dow Falls 370. Mr. Econocobas notes: “I’m not sure that listening to the legacy media will be fruitful in explaining the reasons for the drop.”
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For the latest ticker quotes, see The Wall Street Journal‘s numbers.
Also at Zero Hedge, there is this “must read” piece by Michael Snyder: Financial Weapons Of Mass Destruction: Top 25 US Banks Have 222 Trillion Dollars Derivatives Exposure
JWR’s Comment: I’ve been warning SurvivalBlog readers about the global derivatives casino since 2006. Although derivatives are designed to hedge risk, they carry their own counter-party risk. When the credit market derivatives market implodes, it will do so spectacularly. I’m dubbing this: “Too Big to Bail”.
Big Dang Global Bubble:
The folks at Seeking Alpha posted this last month: Global Debt Set To Reach $1,140 Trillion By 2050. Does the the word “unsustainable” come to mind?
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Mr. Econocobas also suggested this: Mike Maloney: The Everything Bubble: Stocks, Real Estate & Bond Implosion
Over at The Gray Lady, the Economic Indicators for May are worth a look. The indicators are generally pointing upward. But this is far from a robust recovery.
Finally, here is a good primer: Starting a beef herd from scratch.
SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos page for our detailed disclaimers.
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 with their diligence and focus, we benefit from fresh “on target” investing news. As a result, SurvivalBlog often “gets the scoop” on economic and investing news that is probably missed (or reported late) in other news sources. Thanks!