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Gold peaked at $1,518.70/oz. Rare 1896-dated Lee-Enfield cavalry carbine


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. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at the recent gold peak. (See the Precious Metals section.)

Precious Metals:

Explosion in Coronavirus Cases Sends Gold to 10-Day High. Here are the article’s opening bullet points:

  • “Gold peaked at $1,518.70/oz. Thursday and is on track for its highest settlement in ten days.
  • Alarmed by the recent spike in coronavirus infections, investors piled into bullion and other haven assets to mitigate risk.
  • U.S. consumer-price growth was muted in January but above trend compared with a year ago.”

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H.L. sent us this: China’s Gold Market Not Immune to a Wider Downturn

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Turkish Mint Outpaces U.S. Mint

Economy & Finance:

At Zero Hedge: Powell Admits “Low Rates Are Not A Choice Any More”, Says QE Will Be Used In Next Downturn

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U.S. companies cut back on installing robots in 2019

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At Wolf Street: HELOC Balances Plunge to 15-Year Low. What’s Going on Here?

and,

Subprime Auto Loans Explode, “Serious Delinquencies” Spike to Record. But There’s No Jobs Crisis, These Are the Good Times

Commodities:

Markets weaker as changes in coronavirus data cause more uncertainty

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OilPrice News reports: Green Hydrogen Is Right Around The Corner

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Oil Traders Could Lose Big On Coronavirus Panic

Related:  March 9th is the birthday of Cosmonaut Yuri Gagarin

Forex & Cryptos:

US Dollar Price Analysis: Most Overbought Since August 2018

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British Pound (GBP) Latest: Edging Ahead, 1.30 and Above in Sight for GBP/USD

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BITCOIN FORECAST: BTC PRICE ECLIPSES $10,000 – WILL THE CRYPTO RALLY CONTINUE OR REVERSE?

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Pro-Crypto Federal Reserve Nominee Grilled Ahead of Senate Vote

Tangibles Investing:

I’m pleased to announce that a dozen of the pre-1899 antique guns that I had listed as “arriving soon” have indeed arrived and are now available at Elk Creek Company. These include:  Two 6.5×55 Swedish Mauser carbines, two Chilean (Ludwig Loewe) Mauser sporters, a truly minty Valmet M39 Finnish Mosin-Nagant on a Czarist era receiver, a minty Swiss M1896/11 Schmidt-Rubin target rifle, a takedown Winchester Model 1894 .30-30, a Remington #4 Rolling Block Takedown .22 Long Rifle, a Remington Rolling Block 20 gauge conversion, a L.C. Smith Model O in 12 gauge, and a rare 1896-dated Lee-Enfield cavalry carbine. Be sure to get your order in before my planned tour in the month of March, when I go gather more inventory.  (During my travel hiatus, I won’t be shipping any orders.)

Provisos:

SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos page for our detailed disclaimers.

News Tips:

Please send your economics and investing news tips to JWR. (Either via e-mail of via our Contact form.) These are often especially relevant, because they come from folks who closely watch specific markets. If you spot any news that would be of interest to SurvivalBlog readers, then please send it in. News from local news outlets that is missed by the news wire services is especially appreciated. And it need not be only about commodities and precious metals. Thanks!

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