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 some big Forex moves. (See the Forex & Cryptos section.)
Precious Metals:
Gold futures log largest weekly loss in more than 8 years. Here is a snippet that confirms my observations:
“It seems that investors have been selling gold in order to cover losses elsewhere,” said Caroline Bain, chief commodities economist at Capital Economics, in a Friday research note. “Ample liquidity in the gold market means that the sale of gold holdings is a relatively quick and seamless way to raise cash in times of need.”:
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Recession fears weigh on silver, palladium prices – analysts
Economy & Finance:
So, here’s one aspect of the Plunge Protection, that I predicted: A 0% Interest Rate: Fed takes emergency steps to slash rates and ease bank rules
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The Baltic Dry Index does not look good. Global shipping is reaching a low ebb.
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At Zero Hedge: The Last Time This Happened Was October 1929…
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$50 Trillion in Question as U.S. Treasury Liquidity Dries Up
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At Wolf Street: Historic Volatility Tells Me This Stock Market is in the Middle of an Equally Historic Crash