Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. This column emphasizes JWR’s “tangibles heavy” investing strategy and contrarian perspective. Today, a year-end look at the gold markets. (See the Precious Metals section.)
Precious Metals:
Market speculators did their best to push down the prices of gold and silver this week, but they failed. Spot gold seems quite resiliently holding above $2,690, and silver above $30.75, per Troy ounce. I’m repeating my assertion that $30.50 is the new floor for silver. Any day that you can buy silver below $31 per Troy ounce is a bargain shopping day. – JWR
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Gold SWOT: J.P. Morgan Says Gold Is the Top Commodity to Buy in 2025.
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Here’s Why the Gold Price Responds to Uncertainty and Chaos…
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Trump Tariffs Will Trigger Global Trade War, with Gold and Silver Set to Benefit. (Full disclosure: Bullion Star is one of our occasional affiliate advertisers.)
Economy & Finance:
Reader Daniel K. sent this: Russia turns to bartering. JWR’s Comment: This is not a new phenomenon. Countertrade in tangible goods has been used extensively since the late 1940s by many countries, particularly those with hard currency problems.
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The Economic Times (of India)) reports: Shocking! Researchers say over half of U.S states are going bankrupt; here’s how that is going to affect average Americans.
JWR’s Comments: It comes as no surprise that the top of the list of financially troubled states is led by spendthrift Democrat-controlled “blue” states like Connecticut, New Jersey, Illinois, and Massachusetts. And, surprise, surprise, California, Rhode Island, and Blue Hawaii are all close behind them.
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November Jobs Report: All Net Job Growth in the Past Year Has Gone to Foreign-born Workers.
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Hershey’s faces takeover bid by rival snack giant. JWR’s Comments: Hershey also recently announced that they were planning to move the rest of their production to Mexico. I take particular interest in this company because my father was born in what was Hershey’s west-coast factory town: Oakdale, California. That plant was closed in 2016.
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At Zero Hedge: Biden Regime Quietly Revokes Veterans Hiring Preference For Civil Service Jobs.
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State’s new wage law destroys more than 6,000 jobs in fast food.