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 the market prospects for gold.
Precious Metals:
The new floor for spot silver seems to be around $30 USD per Troy ounce. Any time it drops lower in Western trading, the Asian traders quickly run it back up, with strong buying.
o o o
Jim Rickards: $27,000 Gold. A quote:
“This analysis begins with a simple question: What’s the implied non-deflationary price of gold under a new gold standard?
No central banker in the world wants a gold standard. Why would they? Right now, they control the machinery of global currencies (also called fiat money).
They have no interest in a form of money they can’t control. It took about 60 years from 1914–1974 to drive gold out of the monetary system. No central banker wants to let it back in.”
o o o
With Momentum In Its Favor, Gold Has Potential To Head Higher.
Economy & Finance:
A video essay from a familiar face with a quite sound Big Picture view of the global monetary milieu, pointing to an upcoming Dollar Collapse: Something Huge Is Unfolding in the Financial World. She summed it up with this: “The day of the Dollar’s reckoning is here.”
o o o
House Releases $1.5 Trillion Farm Bill, Teeing Up Duel With Senate.
o o o
Linked over at the Whatfinger.com news aggregation site:
o o o
Martin W. Armstrong: US Consumer Sentiment Reaches 6-Month Low.