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 JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on Swiss Watches. (See the Economy & Finance section.)
Precious Metals:
I just did a quick calculation and found that the spot silver-to-spot gold ratio just hit 86.6-to-1. This is an ideal time to ratio trade out of gold, into silver. And if you haven’t already done so, I suggest getting shed of any “paper”/ETF metals, and parlay that into physical metals, in your own possession. With more market mayhem on the horizon, it is time to hunker down.
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Radomski: Gold’s Strength Relative To The USDX Is Over
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Coeur Mining Posts Loss During Third Quarter
Economy & Finance:
It appears that the Federal Reserve will continue its credit tightening campaign. Higher rates are bound to come in the coming months. At this juncture, I must repeat this advice: If you have any variable rate debt, then do your best to transfer that into fixed rate debt, soon! Variable rate mortgages and credit card rates will be absolute killers, when interest rates spike. Make the switch now, while it is relatively painless. Trust me: You will sleep much better in 2019 and 2020.
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The WSJ reports: Treasury Department to Increase Size of Debt Auctions
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Mortgage rates slide as echoes of 2006 haunt the housing market