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 the cascade of events for ag commodities. (See the Commodities section.)
Precious Metals:
As the Ukraine invasion crisis deepens, I anticipate that the upward stair-stepping in silver, gold, and platinum prices will continue. In my estimation, of the three, it is spot and futures silver prices that have the greatest potential to double, in the weeks to come – JWR
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Gold and silver on target to test next levels.
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Miners Surge After Monthly Gold Close Above $1900.
Economy & Finance:
You may have missed this zinger in the WSJ, last week: If Russian Currency Reserves Aren’t Really Money, the World Is in for a Shock. JWR’s Comments: This could mark the end of Dollar hegemony. The implications of the end of the Dollar’s Reserve Currency status will be monumental. We may have just turned that corner… It is also noteworthy that several of the major market indices just dropped into “Death Cross” territory. If the Dow follows the NASDAQ 30 DMA cross, then beware!
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The AP reports: Russians start feeling the heat of Ukraine war sanctions. (Thanks to H.L. for the link.)
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At Zero Hedge: Credit Suisse Rats On Morgan Stanley & Goldman In Federal “Block Trading” Probe.
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Gov. Reynolds signs Iowa flat tax bill into law.
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$1 Trillion in Puts… What to Expect the Next 40 Days.
Commodities:
The inevitable cascade of events begins, for ag commodities: Food Crisis Imminent: Hungary Bans All Grain Exports Effective Immediately.
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Charlie M. sent us this: Lumber Prices Have Never Been This High Ahead Of Spring Building Season.
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Reader C.B. spotted this big news: World’s biggest shipping company suspends container shipments to and from Russia.
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OilPrice News reports: Russian Oil & Gas Giants Lose 95% of Their Market Cap On London Exchange.
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Supply Chain Signals: New-Container Prices And Production Finally Peak.
Inflation Watch:
At MarketWatch: Here’s what will happen to U.S. food prices as wheat futures keep surging.
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Bidenflation Runs Hot Sending Rents Soaring Across the Country.
Forex & Cryptos:
British Pound Forecast (GBPUSD) Sterling Helpless in The Face of US Dollar Dominance.
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News by way of Whatfinger.com: Russia To Consider Strategic Default On Foreign Debt And Repay In Rubles.
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FTSE 100 crashes 3pc as Moscow stock market stays closed.
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Russian finance ministry halts forex, gold purchases for 2022.
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How Bitcoin Allowed A Ukrainian Refugee To Escape War And Start Fighting Back On His Own Terms. (Thanks to F.J. for the link.)
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Tangibles Investing:
Vista Outdoor Reports Record Sales, Upcoming Price Hike.
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Russia-Ukraine crisis may worsen global chip shortage.
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!