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, news of new highs for gold. (See the Precious Metals section.)
Precious Metals:
Reader H.L. suggested this article: Gold hit a new record. What Deutsche Bank says is driving the price of the metal.
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At Gold-Eagle.com: Inflation: The Dow Is Down 36 Percent in Gold Terms Since 1929.
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A video interview: Silver Squeeze 2.0: 10x Gains as Deficits Squeeze Supplies Dry – David Morgan.
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‘Rich Dad Poor Dad’ author blasts Warren Buffett’s U-turn on assets.
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I noted these prices early yesterday morning (October 2, 2025), following Asian trading, but just before the Comex market opening bell:
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$3,910.40
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Silver$48.29
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Platinum$1,604.70
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Palladium$1,292.10
With those big price jumps, I almost certainly expect to see some profit-taking, today.
This month is probably your last good opportunity to ratio trade out of gold and into silver or platinum before their prices blossom. Remember: Reversion to the mean is the norm. – JWR
Economy & Finance:
Over at MoneyWatch: As AI threatens white-collar work, more young Americans choose blue-collar careers.
JWR’s Comment: The brightest and most ambitious apprentices will quickly climb up the ladder of the trades, and become prosperous specialist contractors or general contractors. I can safely predict that it will be a long time before AI-driven robots will be doing tile floor house remodeling!
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In The New York Times: From Crisis to Crisis: How Congress Struggles to Fund the Government.
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WSJ: How Government Shutdowns Affect the Economy.
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Linked over at the Whatfinger.com news aggregation site: Slow Learners, Another Transgender Spokesperson Forces The Closing Of 35 Stores.
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At Zero Hedge: Asia-West Coast Container Rates Plummet; Demand Seen Waning Through Year-End.


