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 hear war drums and take a look at the precious metals market.
Precious Metals:
It is noteworthy that the spot price of silver was $22.50 per Troy ounce on February 4th. When I checked over the weekend, it was at $23.57. I expect a jump at the opening bell in the Asian markets on Monday morning. And if war breaks out in Ukraine, then we can expect substantial jumps in all of the precious metals prices. In percentage terms, silver will likely move the most, since it is still under-valued. Update, Monday Morning Update: We did indeed see the DJIA down, and precious metals up. Silver $23.73, and gold: $1862.10. With war reportedly imminent in Ukraine, no surprises there. Expect equities plunge protection to kick in, shortly.
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Epic Silver Coins Found at Bank – Silver Coin Collection Dump for Face Value!
Economy & Finance:
Breitbart‘s report on a meeting that will be held today: Fed Announces a Closed Meeting for Monday to Discuss Discount Rate. JWR’s Comments: A 20 basis point increase soon, and more increases later this year? The yield curve is already crashing, in anticipation.
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Published on Friday at Zero Hedge: Oil Soars; Ruble, Stocks Tumble On Report “US Believes” Putin Will Launch “Horrific, Bloody” Invasion Of Ukraine. JWR’s Comments: Outside of the intelligence community itself, there are three types of people in Washington D.C.: 1.) Career government people and a handful of elected politicians and appointees who are read-on for Sensitive Compartmented Information (SCI) who get to see actual intelligence products and summaries, 2.) People who hear a few leaks and rumors, and 3.) The utterly clueless. It is the latter who are the most numerous.
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SEC Adopts New Disclosure Rules For Private Equity Shops And Hedge Funds.
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