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 some moves in commodities markets. (See the Commodities section.)
Precious Metals:
China and India seem to be driving the precious metals markets this year, with some consistently strong buying. I’m sure that this dynamic is frustrating the institutional short sellers, here in the United States. Silver and gold both saw nice spot market gains today, starting in the Asian markets. When I last checked:
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$2,412.60, up 0.82%
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$30.64, up 2.66%
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As the Dollar Falters, Gold Becomes Insurance, Not Speculation.
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Gold’s Action Last Week Strongly Points to China.
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Why We Are At The Start Of A Multi-Year Gold Bull Market.
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U.S. Representative Introduces Bill To End Federal Taxation On Gold And Silver.
Economy & Finance:
From Forbes Advisor: May 2024 Stock Market Forecast.
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CNN, by way of X/Twitter: “On the question of who voters trust more to deal with the economy, Trump has a 22-point lead over Biden … This marks a 15-point bump for Trump compared to the same poll in 2020.”
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From The WSJ: Suddenly There Aren’t Enough Babies. The Whole World Is Alarmed. Here is a pericope:
“The world is at a startling demographic milestone. Sometime soon, the global fertility rate will drop below the point needed to keep population constant. It may have already happened.
Fertility is falling almost everywhere, for women across all levels of income, education and labor-force participation. The falling birthrates come with huge implications for the way people live, how economies grow and the standings of the world’s superpowers.
In high-income nations, fertility fell below replacement in the 1970s, and took a leg down during the pandemic. It’s dropping in developing countries, too. India surpassed China as the most populous country last year, yet its fertility is now below replacement.”
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Archegos boss to go on trial for fraud.
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Why Wednesday’s CPI report is taking on outsize importance in the financial market.