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, another look at pennies and nickels. (See the Base Metals section ad the Commoditoes section.)
Precious Metals:
When I last checked (Mid-day on Thursday, September 6th):
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$2,519.20 (Up $9.90)
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$29.10 (Up $0.65)
It seems that the short sellers are losing this fight. The Asian long traders are dominating the global markets. The shorts should hang up their boxing gloves. If they persist, then they will get caught in an ugly short squeeze. – JWR
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That enterprising Gridlessness prepper family in Canada, again: We’re Literally Printing our Own Money — Silver for the People!
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Frank Holmes, at Gold-Eagle.com: Gold SWOT: Gold’s Record-Setting Rally Above $2,500 an Ounce Looks to Have Further to Run.
Economy & Finance:
US Manufacturing Activity Contracts for a Fifth Straight Month.
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Over at Zero Hedge: US Manufacturing ISM Signals Accelerating Stagflation As PMI Turns Downright Apocalyptic.