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 American mortgage debt burden. (See the Economy & Finance section.)
Precious Metals:
The bull markets in precious metals is being driven by two factors: 1.) Central bank accumulation of physical metals and 2.) The insatiable demand at all levels in China (and elsewhere in Asia), because of gut-level distrust in The System. In India, for example, the Reserve Bank of India has doubled their physical gold holdings in just the past 30 months, to nearly 880 metric tons. That was not a decision that came out of the blue. It is a carefully calculated hedge against debt paper, and it required a quite substantial investment. That level of commitment (seen replicated around the world) tells me that we are at the beginning of a secular bull market in precious metals that will last at least a decade. So, keep stacking folks, especially silver, platinum, and palladium. Those metals are the relative bargains, in today’s market. – JWR
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Ian Salisbury, at Barron’s: that may show up behind a paywall for some readers: Gold Prices Are Crushing Silver. Why That Could Change Soon.
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I’ve never been a chartist, but here is some very interesting chartistry, over at Gold-Eagle.com: Bullish Blueprint: Precious Metals Surge – How Strong is the Trend?
Economy & Finance:
Reader H.L. recommended this article: National Mortgage Debt Tops $12.6 Trillion Amid Rising Rates and Costs. Here are the article’s opening lines:
“A new WalletHub report indicates that total national mortgage debt is now over $12.6 trillion, with the average American household currently owing $105,000 on their mortgages. The report blames rising interest rates and housing costs for making home ownership more challenging.”
JWR Asks: Cui bono? Oh, the banksters, again. Funny how that keeps happening, with such regularity.
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The Fed Is Wrong… And It’s Going to Cost Investors a Fortune.
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Reported on Tuesday: S&P 500 closes higher Tuesday, wiping out 2025 loss, as Nvidia surges.
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The Whatfinger.com news aggregation site cross-posted this from Zero Hedge: US Treasury Shocks With Second Biggest Budget Surplus In History.