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 land price forecasts for 2020. (See the Tangibles Investing section.)
Precious Metals:
Why gold and oil will be real winners of 2020 – Wells Fargo
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Commerzbank: Loose monetary policy to lift gold in 2020. A snippet from the article:
“‘We envisage an increase to $1,550 per troy ounce by the end of 2020,’ the bank said. ”The high optimism among speculative financial investors and the subdued demand in Asia will initially preclude any higher prices, so we expect to see the lion’s share of the upswing in the second half of the year.”
Prospects for the yellow metal are ‘positive,’ the bank said.
‘Monetary policy pursued by the major central banks will remain ultra-loose next year,’ analysts said. ‘Admittedly, the U.S. Fed ruled out any further rate cuts. All the same, they are not entirely off the table, and are still more likely than rate hikes.'”
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The real gold price rally hasn’t even started yet, says analyst who called $1,500
Economy & Finance:
Reader H.L. sent this sobering news that a manufacturing recession may be beginning: An American trucking giant is slated to declare bankruptcy — and it may leave more than 3,200 truck drivers stranded and jobless
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At Zero Hedge: “The Fed Was Suddenly Facing Multiple LTCMs”: BIS Offers A Stunning Explanation Of What Really Happened On Repocalypse Day
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At Wolf Street: When Losses Don’t Matter: How Japanese Conglomerate Mitsubishi Blows Billions on a Jet Nobody Really Wants