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 look at Joe Biden’s inflationary policies. (See the Inflation Watch section.)
Precious Metals:
Video interview: From ‘dead money’ to a breakout: Silver’s fortune is about to change.
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Video: Why Silver Could Spike To $80 Or Higher.
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“Gold Suppressed, Shelves Empty, Out-of-Control Fed” – Ron Paul.
Economy & Finance:
Nolte: Nearly Two-Thirds Rate Joe Biden Negatively on Economy.
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Bloomberg reports: Container Ships Headed for U.S. Poised to Worsen Port Bottleneck.
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Commodities:
Nickel Prices Jump To Seven-Year High As Supply Woes Mount. JWR Says: You were warned, long ago…
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Peggy sent us this: What Happens if the World’s Key Metal Exchange Has No Metal?
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OilPrice News reports: Soaring Energy Prices Are Bad News For Biden’s Ambitious Climate Plan.
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Breakfast Inflation Strikes As Oat Prices Hit Record Highs.
Inflation Watch:
Peter recommended this piece in The Wall Street Journal: Supply-Chain Bottlenecks, Elevated Inflation to Last Well Into Next Year, Survey Finds. The article begins:
“Uncomfortably high inflation will grip the U.S. economy well into 2022, as constrained supply chains keep upward pressure on prices and, increasingly, curb output, according to economists surveyed this month by The Wall Street Journal.
The economists’ inflation projections are up dramatically from July, while short-term growth outlooks are lower.
Economists on average see inflation at 5.25% in December, just slightly less than the rate that has prevailed since June. Assuming a similar level in October and November, that would mark the longest inflation has been above 5% since early 1991.”
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Understanding Money Velocity and Prices.
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Bidenflation: Prices Soar for Hamburgers, Bacon, Ribs, Chicken, Baby Food, and Peanut Butter.
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At Zero Hedge: Are You Prepared For The Mass Repricing Of Goods And Services?
Forex & Cryptos:
At Currency Thoughts: Softer Dollar/Stronger Equities.
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Peter Thiel Says He ‘Underinvested’ in Bitcoin, Slams Central Banks at Event.
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Coinbase Proposes US Create New Regulator to Oversee Crypto.
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Digital dollars: Should the U.S. have its own virtual currency?
Tangibles Investing:
Supply Chain Disruptions Create Shortages of Goods Just in Time for the Holidays.
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Palmetto State Armory (one of our affiliate advertisers) has extended their Free Shipping special on complete guns and AR uppers. Stack them deep!
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The “Everything Shortage”: Why Is Everything so Expensive & out of Stock?
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!