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 Tesla’s “Battery Day”. It is scheduled for tomorrow: Tuesday, September 22, 2020. (See the Commodities Investing section.)
Precious Metals:
Monday morning update: Silver took a big 9% dip this morning, to $24.42 per Troy ounce when I last checked. So this is a good time to buy! By the way, a phone call to New York confirmed the following: The word on the street is that stocks got hammered so hard yesterday that brokers are liquidating commodiites to raise cash, in order to meet their margin calls. That is an ugly suituation. But again, it provides a short-term buying opportunity for those with cash.
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Interview: Reality matters; why all-time high gold price was not ‘real’
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Gold Miners Forecast: Major Breakout Underway
Economy & Finance:
Charles Hugh Smith: This Is How It Ends: All That Is Solid Melts Into Air
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At Seeking Alpha: Wells Fargo boosts targets for GDP, stocks and oil
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At Wolf Street: What’s to Be Done Now with All These Zombie Companies?
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And over at Zero Hedge: FOMC Signals Rates Unchanged Through At Least 2023 Despite GDP Forecast Upgrade. JWR’s Comment: Do the buffoons at the Fed honestly believe that if they continue forcing rates artificially low, year after year, that it won’t lead to malinvestment, distortions in the bond market, and the eventual destruction of the U.S. Dollar?