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 Bitcoin regaining $50,000. (See the Forex & Cryptos section.)
Precious Metals:
I just noticed the silver to gold ratio has slipped back down to 76.26-to-1. So this is a good juncture for you to ratio trade some of your gold into silver.
And to reiterate a point that I made earlier this week: All that it will take is the mass media adopting the term “American Hostages” to the current Afghanistan debacle, and precious metals will jump more than 10% overnight. And if the “Hostage Crisis” drags on, then plan on 30% to 40% gains. – JWR
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Commerzbank sees gold price pushing to $1,900 by year-end, moving $2,000 target to next year.
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Gold Surges Back Above $1800, Erases Payrolls/Flash-Crash Losses.
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How Much Will Silver Be Worth If the Dollar Collapses? 2021 Edition.
Economy & Finance:
At Zero Hedge: Million-Dollar Listing Spike Sparks Jump In US Existing Home Sales In July. JWR’s Comment: Clearly, The Smart Money crowd sees the top, and trouble ahead.
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A Liberty and Finance video interview: Nightmare Crash & Foreclosure Crisis — Alasdair Macleod. (The inflation discussion begins at the 12:40 mark.)
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Futures Rise As Jackson Hole Looms, Dollar Slides, Bitcoin Surges.