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 developing diesel fuel shortage. (See the Commodities section.)
Precious Metals:
Bill Introduced in Congress to Restore Gold Standard.
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Egon von Greyerz: $2 Quadrillion Debt Precariously Resting On $2 Trillion Gold.
Economy & Finance:
Is Credit Suisse a Canary in the Financial Industry Coal Mine?
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At Hedgeweek: Hedge funds net $1 billion profit from Meta share price collapse.
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The next two years will be a crisis for the world economy: Prediction by US economist Roubini.
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ECB Starts QT via Loans rather than Bonds, Hikes by 75 bpts, to 1.5%, More Hikes to Come.
Commodities:
N.B. sent us this: US facing diesel shortage as price per gallon soars.
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OilPrice News reports: Zinc Prices Could Slide Further.
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Copper pushes lower on fears about inflation, recession.
Inflation Watch:
At Wolf Street: Last, Most Important Inflation Measure before the Fed’s Meeting Next Week, “Core PCE,” Worsened for 2nd Month in a Row.
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David Stockman: What History Tells Us About Taming Inflation.
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Consumer confidence fell in October as inflation takes a toll.
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Fitch: October 2022 Inflation Tracker: Inflation Rears Its Head.
Forex & Cryptos:
Nick Cawley: British Pound Latest: GBP/USD and EUR/GBP Eye US Data and ECB Meeting.
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Is Swiss Franc Headed To U.S. Dollar Parity?
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The USD cost of one Bitcoin was holding at over $20,800, the last time that I checked. But with some heavy regulation looming, consider me bearish on all private cryptos in the long term. Keep your crypto holdings small, and strictly in a hardware wallet, NOT in any exchange on any continent!
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Governments tracking payments for political retribution. (Thanks to B.V. for the link.)
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Shiba Inu Gains 15% As Price Breaks Out Of Range; Will Price Perform Like DOGE?
Tangibles Investing:
A successful tangibles investor first invests in references. For investing in old guns, this is the standard reference that I carry to all gun shows: Flayderman’s Guide to Antique American Firearms and Their Values.
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Ian McCollum: Investing in Guns: Some Tips (But It’s a Bad Idea)
Oh, and speaking of Ian: Forgotten Weapons’ Ian McCollum on the Appeal of Collecting Firearms — Full Podcast.
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 it need not be only about commodities and precious metals. Thanks!