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 “Trump Slump 2.0” in the U.S. gun market. (See the Tangibles Investing section.)
Precious Metals:
The Comex market Short Sellers made another attempt at torpedoing the price of silver this week. By Wednesday evening, they had pushed the spot price of silver down to $36.61 per Troy ounce. But with ongoing strong buying in Asia, silver seems fairly resilient. Spot silver rebounded to $37.04 by Thursday morning, following Asian trading, and $37.30 on Thursday afternoon. I don’t expect the Shorts to manipulate silver back below $35.75 again this summer. Be patient, folks. We’ll probably see a bull run to $50.00/oz. silver by the end of November.
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Gold doesn’t blink: What trillions in US debt mean for safe-haven assets.
Economy & Finance:
U.S. Workers Turn to Side Hustles as Cost of Living Outpaces Pay.
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140-year-old Del Monte Foods files for bankruptcy.
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Linked over at the Whatfinger.com news aggregation site: Amazon suffers huge Prime Day sales plunge as families hang onto cash amid recession fears.


