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 some bullish predictions for silver and gold. (See the Precious Metals section.)
Precious Metals:
First up, at Seeking Alpha: Safe Havens For A Volatile 2023: Precious Metals, High Yielding Equities, And Cash.
o o o
A Silver Price Forecast For 2023.
o o o
Silver: is the shine coming back for traders?
Economy & Finance:
From the eternal optimists at CNN: Why we think we’re in a recession when the data says otherwise.
o o o
IBT: World Economy Faces More Pain In 2023 After A Gloomy Year.
o o o
At CNBC: Oil plunge, tech collapse and Fed cuts? Strategist shares possible 2023 market ‘surprises’.
o o o
Over at Zero Hedge: Credit Card Debt Hits All-Time High Just As US Savings Rate Plummets To 17-Year Low.
Commodities:
Bloomberg Commodity Index 2023 Target Weights Announced.
o o o
ING: Commodities outlook 2023: Aluminium faces macroeconomic headwinds.
o o o
Simon Moores: Battery Metals Trends for 2023 — Geopolitics, Gigafactories and More.
Inflation Watch:
The “official” CPI figures: United States Inflation Rate. Here is a brief excerpt:
“Energy cost increased 17.6%, below 19.8% in September, due to gasoline (17.5% vs 18.2%) and electricity (14.1% vs 15.5%). A slowdown was also seen in food (10.9% vs 11.2%)…”
o o o
Why Is the Consumer Price Index Controversial?
o o o
People In Wales ‘Eating Pet Food’ As Cost Of Living Crisis Gets Worse.
o o o
Meanwhile, in the P.I.: November inflation surges to 14-year high at 8%.
o o o
Israel’s inflation rate jumps to 5.1% in October.
o o o
Turkey inflation eased in November for first time in more than a year. JWR’s Comment: If you call an 84.4% annual inflation rate an improvement, then you need to live in another country, or deserve a better government…
Forex & Cryptos:
Mexico peso seen resilient through economic slowdown in 2023: Reuters poll.
o o o
Canadian dollar to rally over 2023 as interest rates hit their peak.
o o o
Titanic Currency Destruction: How Central Banks Ruined Money.
o o o
Fiduciary Fail: Former FTX CEO – Sam Bankman-Fried – Admits FTX Didn’t Buy Bitcoin for Clients – Just Took Their Money (VIDEO).
o o o
Sam Bankman-Fried wanted to let retail investors borrow money to trade crypto derivatives: CFTC head.
o o o
Coinbase CEO expects revenue to plunge over 50% on battered crypto prices – tweet.
Tangibles Investing:
B. of A.: Art market update: Confidence persists despite headwinds.
o o o
Reader H.L. sent this: Get ready for a big downturn — America’s ‘office apocalypse’ is even worse than expected.
o o o
GunMag Warehouse (one of our affiliate advertisers) has begun its 12 Days of Christmas Sale. This sale ends on December 18th, 2022. If you need any magazines, mag pouches, gun optics, or ammunition, then be sure to check out this sale. They have great prices and outstanding customer service.
Provisos:
SurvivalBlog and its Editors are not paid investing 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 they need not be only about commodities and precious metals. Thanks!