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 the gold and silver markets. (See the Precious Metals section.)
Precious Metals:
Bank of America: Silver Could Hit $50 “In The Near Term”
o o o
o o o
Hub Moolman: Gold A.D. – Death of the Dollar
o o o
New Sound Money Caucus Launched On Capitol Hill
o o o
Martin Katusa: The Dawn of Gold. Here is a snippet:
“Economists like Nouriel Roubini and Mohamed El-Arian are talking more about gold and the benefits of the safe-haven metal in these uncertain times.
Even Goldman Sachs is changing their tune. They once mocked gold as an investment that’s nearly always beaten by the market.
They’ve since joined the chorus of major financial institutions like Bank of America and Citigroup ringing the alarm on currency debasement.”
Economy & Finance:
In The Washington Post: After the fastest recession in U.S. history, the economic recovery may be fizzling
o o o
At Zero Hedge: “Democrats Are Holding This Up!” – Trump Rages After Ordering Mnuchin To Send $3,400 To US Families.
o o o
At Wolf Street: No Payment, No Problem: Bizarre New World of Consumer Debt
o o o
Another at Wolf Street: Number of People on State or Federal Unemployment Insurance Jumps to 32.1 Million, Second Highest Ever: Week 20 of U.S. Labor Market Collapse