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 demise of the U.S. penny. (See the commodities section.)
Precious Metals:
The spot prices of gold and silver have been strong for nearly a week. If we see a sustained rally in silver above $36 per Troy ounce, I suspect that the Perma-Short market manipulators may capitulate. And once that happens, a rapid run-up to $50 or even $70 per ounce is possible. Hold on to your silver for the long haul, folks! – JWR
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Goldman Sachs analyst predicts $4,000 gold, calls it a better hedge than Bitcoin.
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At Gold-Eagle.com: Gold SWOT: Platinum Surged to a Two-Year High, Posting Its Strongest Weekly Gain Over Four Years. JWR’s Comments: I still see platinum as the ultimate World War 3 hedge. You can’t produce cruise missiles and a lot of other high-tech weaponry without it. Mark my words: If a major war breaks out, Platinum could quadruple or quintuple in just a couple of weeks, catapulting it well above the price of gold.
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Economy & Finance:
US court blocks most Trump tariffs, says president exceeded his authority.
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