Here are the latest 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 the U.S. public and private debt. (See the Troubling Trends section.)
Precious Metals
First off, here is a headline from Monday: Surging US Dollar Sinks Gold And Silver Prices
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Gold Could Face ‘Further Punishment’ – FXTM. JWR Says: “Buy on the dips.”
Stocks:
Morningstar reported on Tuesday: “Political troubles in Spain, after the weekend saw violent clashes over the Catalonia referendum, took a dent out of the main Ibex index, which was down over 1% at 10.527.”
Commodities:
The price of crude oil seems to have stabilized around $50 per barrel. This is bad news for OPEC. And it is not reassuring to the Bakken shale oil producers. (Since $50 is right around break-even for them.)
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After a year in the doldrums, the price of nickel ore is back up to where it was in October of 2016. Though only half of where it was at the odd 2014 price spike, nickel is still attracting plenty of investors. Small investors can of course hedge by stockpiling U.S. 5 Cent Pieces–still available at face value.