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 record-high gold futures prices, in Dollar terms. (See the Precious Metals section.)
Precious Metals:
Published on Tuesday: ‘We Have Liftoff!’ – Spot Gold Takes Out Record High. JWR’s Comments: The fundamentals of gold haven’t changed, as a hedge. It is the U.S. Dollar that is showing its inherent weakness. Oh, and ditto for Bitcoin, which also hit an all-time high in Dollar terms, this week.
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Gold Futures Close at Record High.
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Commentary from Gary Wagner, at Gold-Eagle.com: The Truth About the Collapsing US Dollar and Its Impact on Gold & Silver Prices.
Economy & Finance:
Fed policymakers look past ‘bumpy’ inflation toward rate cuts.
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In the U.K.: Banks force closure of 140,000 small business accounts.
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Millennials on course to become ‘richest generation in history’.
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Nolte: Bud Light Boycott Cost Tranheuser-Busch $1.4 Billion.
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Will Denyer, by way of Zero Hedge: Good Story Versus Bad Valuations.