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 recent gold peak. (See the Precious Metals section.)
Precious Metals:
Explosion in Coronavirus Cases Sends Gold to 10-Day High. Here are the article’s opening bullet points:
- “Gold peaked at $1,518.70/oz. Thursday and is on track for its highest settlement in ten days.
- Alarmed by the recent spike in coronavirus infections, investors piled into bullion and other haven assets to mitigate risk.
- U.S. consumer-price growth was muted in January but above trend compared with a year ago.”
o o o
H.L. sent us this: China’s Gold Market Not Immune to a Wider Downturn
o o o
Turkish Mint Outpaces U.S. Mint
Economy & Finance:
At Zero Hedge: Powell Admits “Low Rates Are Not A Choice Any More”, Says QE Will Be Used In Next Downturn
o o o
U.S. companies cut back on installing robots in 2019
o o o
At Wolf Street: HELOC Balances Plunge to 15-Year Low. What’s Going on Here?
and,
