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. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at investing in custom and production knives. (See the Tangibles Investing section.) But first, don’t skip reading the lead article, on silver.
Precious Metals:
Silver Surges 3% To $18.30oz; Next Resistance At $20/oz and Then $50/oz
o o o
Gold Price Forecast: Gold Topped, Just Like In The 90s
o o o
At Zero Hedge: Three Things Gold Isn’t
Government Debt & Finance:
Mnuchin Says Ultra-Long Bonds Under ‘Very Serious Consideration’
o o o
Key yield curve inverts to worst level since May 2007, 30-year rate under 2%
The article begins:
“Long-term Treasury rates added to their monthlong slide on Tuesday, aggravating a key yield curve inversion and sending the 10-year yield to its lowest level against the 2-year rate since 2007.
The yield on the benchmark 2-year Treasury note, more sensitive to changes in Federal Reserve policy, held steady at 1.533%, 4 basis points above the 10-year note’s rate of 1.493%. Earlier, the spread between the two yields dropped to 4.2 basis points, its most-negative point since May 2007.
The spread between the 3-month Treasury yield and that of the 10-year note — the Federal Reserve’s preferred inversion metric — slumped to -50 basis points, its lowest since March 2007. The 30-year bond yielded 1.978%, near its all-time low; the 30-year rate fell under 2% for the first time ever on Aug. 14.
Falls of the 10-year rate below the 2-year yield are viewed by fixed income traders as important recession prognosticators, marking an unusual phenomenon as bond holders receive better compensation in the short term. The Dow Jones Industrial Average retraced a 155-point gain on Tuesday as bond yields fell.”
o o o
o o o
Aussie Reserve Bank, Considering “Extreme Measures”, Admits “We’re Almost Out Of Ammo”
o o o
And at Wolf Street: US National Debt Spiked $363 billion in Two Weeks, $1 Trillion in 12 months. But Who Bought This Pile of Treasury Securities?