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, we look at American consumer debt. (See the Economy & Finance section.)
Precious Metals:
Some market analysis by Frank Holmes: Gold SWOT: Barrick Gold has become noticeably fixated on copper.
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Kelsey Williams, at Gold-Eagle.com: It Was Never About Gold – Always About the Dollar.
Economy & Finance:
Living in the red: Average American has over $54,000 worth of debt.
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Borrowing from the Bank Term Funding Program hit a new all time high this week at $102.735 billion.
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C.B. was the first of several readers to mention this news: As fuel taxes plummet, states weigh charging by the mile instead of the tank.
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Smith & Wesson estimates Tennessee move will cost up to $158 million.
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At Zero Hedge: FDIC Mistakenly Releases List Of Top Firms Bailed Out By Biden Admin’s Backstop Of SVB Deposits.
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Powell: Community banks may be spared from tougher capital rules.