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. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we further examine the real estate boom in the American Redoubt states. (See the Tangibles Investing section.)
Precious Metals:
Silver price bounces off support below $25; weakness is overdone – Commerzbank.
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Daan Joubert: Exploring COMEX Gold And Silver.
Economy & Finance:
At Yahoo Finance: Yield Plunge Stirs Thoughts of 1% Treasuries on Delta Variant.
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Quantitative easing: how the world got hooked on magicked-up money.
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Japan maintains economic assessment in July report.
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Government Could Run Out Of Cash in October or November If Debt Ceiling Isn’t Raised. JWR’s Comment: If they keep raising it, then why do they bother calling it a ceiling? It is more like a: “Overspending Reminder.”
Commodities:
Forbes reports: Commodities Were The Top Performers In 1H 2021: Halftime Report.
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OilPrice News reports: China Buys Less Saudi Crude As It Slams The Brakes On Oil Imports.
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Lithium-Ion Battery Anode Market worth $21.0 billion by 2026.
Inflation Watch:
Hyperinflation threat is no joke; U.S. could become Weimar Republic – ShadowStats’ John Williams.
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Reports: Biden begging Federal Reserve’s Powell to curb inflation. JWR’s Comments: This is the same Creepy Joe Biden that is in favor of spending an additional $3 Trillion on “infrastructure”. If he truly wants to stop inflation, then he should advocate for LESS government overspending and LESS DEBT.
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At Wolf Street: Too Much Money Chasing Too Few Goods and Services.
Forex & Cryptos:
Dollar and yen gain on risk-aversion.
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Over at Currency Thoughts: Dollar Now and Where It Might Be Heading.
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By way of Mcalvany.com’s highly-recommended Daily G2 e-newsletter: Malaysia Destroys 1,000 Bitcoin Mining Rigs With A Steamroller. JWR’s Comment: That is like destroying typewriters to combat libel. The architecture of a crypto “mining rig” computer is just like a gaming PC. So this is just a silly publicity stunt. The authorities could have re-sold those computers on the open market, to help recoup some of the power company’s losses.
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Bitcoin drops below $30K causing billions to be wiped off crypto market.
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Mastercard Furthers Investment Into Crypto Card Integration.
Tangibles Investing:
Dateline: Star, Idaho: The new real estate normal.
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To reiterate, from this week’s Snippets column: Reader C.B. wrote to mention that the WSJ Housing Index just put Billings, Montana and Coeur d’Alene, Idaho as their #1 and 2 picks for housing destinations. JWR’s Comment: I am expecting a nationwide correction in house and land prices, but probably not until after interest rates bump up again. And when this does happen, I expect the biggest price drops in the major metropolitan regions.
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Normally Astute American Car Buyers Just Pay Whatever: AutoNation, Largest Auto Dealer in the US.
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 or via our Contact form.) These are often especially relevant because they come from folks who closely watch specific markets. If you spot any news that would be of interest to SurvivalBlog readers, then please send it in. News items from local news outlets that are missed by the news wire services are especially appreciated. And it need not be only about commodities and precious metals. Thanks!