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, more coverage of the bull market in gold and silver.
Precious Metals:
On Thursday, spot gold was at $4,076.10, and spot silver hit $51.42 per Troy ounce. This eclipsed the record high price set in January 17, 1980, when the Hunt Brothers attempted to corner the global silver market. When I last checked, it took $37,074 to buy a $1,000 face value bag of circulated pre-1965 U.S. silver coins. There was some predictable profit-taking on Thursday: Gold closed at $4,009.80, and silver at $50.03. However, I expect to see buyers in Asia push the price of silver up over $60 USD per Troy ounce in the coming weeks.
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On Tuesday, CNBC reported: The price of gold reached $4,000 an ounce for the first time ever. JWR’s Comments: CNBC has consistently bad-mouthed precious metals as investments, ever since their launch in 1989. And they couldn’t resist ending this landmark article on a down note. Typisch. The equities-centric editors of CNBC wouldn’t recognize a golden opportunity if it hit them on the head. Here is some data that CNBC won’t report on: 2025 US Market Index Performance – Actual vs. Gold-Adjusted Returns. What does this tell us? Stocks are going up, but meanwhile, the FRN Dollar is declining, in real terms. So the 2025 “gains” in the stock market are mostly illusory. We should ignore the mainstream market reporting bias and continue shifting into tangibles!
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And in the WSJ: Gold Rally Points to Eroding Faith in Central Banks Worldwide.
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Hub Moolman: Gold: The US Dollar Bank Run Is Speeding Up.
Economy & Finance:
Reported on September 23rd: Tariffs to Hit Slowing U.S. Economy Hard in 2026, OECD Says.
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BRICS making incremental progress in dollar-free trade.
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David Haggith (by way of the Whatfinger.com news aggregation site): The Stealth Recession Is Creeping Back, Even as AI Stocks Go for Broke.
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At Zero Hedge: Futures Flat As AI Bubble Euphoria Takes A Break.
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The Unofficial Jobs Numbers Are In and It’s Rough Out There.
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