Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at the overhang of European energy derivatives. (See the Derivatives section.)
Precious Metals:
Silver prices see short squeeze, testing resistance near $20, up 6% on weak dollar.
o o o
As expected, the silver-to-gold ratio is reversing. When I last checked (on Thursday, September 15, 2022) the ratio was down to 86-to-1. The long-term trend will put it south of 30-to-1, so it certainly isn’t too late to do some ratio trading, if you can find an agreeable coin dealer.
o o o
Silver sharks circle the COMEX Whale.
Economy & Finance:
Two recent headlines:
- Railroad union votes to authorize strike that could hammer economy.
- The threat of a strike still looms, despite a tentative agreement. Here’s why.
JWR’s Comments: Railroads crisscross America, and they are the lifeblood of agriculture, industry, and commerce. Any disruption of rail traffic for more than just a few days would surely devastate already shaky supply chains for both raw materials and finished goods. Take a minute to ponder this map. Livestock feed, crude oil, refined fuel, and bulk chemicals are quite dependent on reliable rail transport.
o o o
Video interview: Fed will raise interest rates to 4% ‘hell or high water,’ says former Fed Vice Chair Clarida.
o o o
Americans Spent More on Taxes in 2021 Than on Food, Clothing and Health Care Combined.
o o o
Pat Cascio suggested this news item: US Army Recommends Struggling Soldiers Apply For Food Stamps.