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 Marlin Rifles. (See the Tangibles Investing section.)
Precious Metals:
It comes as no surprise that just as the stock market was in its “orderly decline” on Wednesday, spot gold jumped $15 per Troy ounce.
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Economy & Finance:
Aha! Higher interest rates are now being felt, in earnest: U.S. new home sales near two-year low as mortgages rates rise
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Some ominous news at Zero Hedge: Over Half Of America Gets More In Welfare Than It Pays In Taxes
Stocks:
Wednesday: Stocks fall, Dow sheds more than 150 points. Meanwhile, S&P 500 dropped 85 points (3.1%). There was then a rebound on Thursday of around 1.6% on the DJIA and 1.8% on the S&P. But the turmoil is far from over. Look for increasingly volatile equities markets this fall and winter. I’m confident that you all have your stop loss orders in place, Right?
Friday Morning Update: Dow erases gains for the year, tumbles more than 600 points as stocks extend October swoon
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Hoarding cash grows in popularity as market volatility increases