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 some threatened tariffs on gold, and a quick reversal. (See the Precious Metals section.)
Precious Metals:
Trump says gold will not be tariffed.
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I noticed that spot silver bounced back to $38.82 USD per Troy ounce in after-hours trading on Wednesday. (Thursday morning trading, in Asia.) Let’s see if the COMEX Short Sellers attempt their usual Friday shenanigans today.
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Jesse Columbo, in an August 12th piece at Gold-Eagle.com: Tariff Confusion Sends Gold on Round Trip.
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Gold Revaluation & the “Strategic Bitcoin Reserve”.
Economy & Finance:
Average U.S. household debt reaches $152K; Here’s a breakdown of what Americans owe.
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Martin Armstrong: The Recession is Far More Complex Than Most Expect.
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Goldman Sachs: How to Know When a World Event Could Shock the Market.
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H.L. sent us this: General Motors’ Profits Drop 35 Percent as CEO Clings to EV Strategy.
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California’s $20 Fast-Food Minimum Wage Increase Linked to Whopping 18,000 Job Losses. (A hat tip to D.S.V. for the link.)
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Another from H.L.: Dave Ramsey Says, ‘You’re Not Broke Because You Don’t Make Enough. You’re Broke Because You Give Your Income To Everyone Else’.