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’s focus is on filling in your gun collection gaps. (See the Tangibles Investing section.)
Precious Metals:
Gold, Silver Investors: Strap In; It’s Going To Be A Bumpy Ride – LBMA 2019 Price Forecast
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From chartist Hub Moolman: A Major Silver Breakout Ahead?
Economy & Finance:
UK consumers shun credit cards as Brexit looms. Here is a quote:
“The boom in consumer borrowing across Britain has cooled to the slowest annual growth rate in four years, according to official figures, as households rein in their spending. The Bank of England said annual consumer credit growth slowed to 6.6% in December, continuing a trend for weaker levels of household borrowing on credit cards, personal loans and car finance deals.
In a reflection of the slowdown in consumer spending over the key festive shopping period, the amount borrowed last month dipped to £700m, below the average £1bn per month for the previous six months. The Bank said credit card borrowing was particularly weak, with only £100m put on plastic last month compared with an average of about £300m per month since July…”
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At Sovereign Man: Mexico is Starting to Look Like Venezuela. (Thanks to reader A.A. for the link.)