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FDA Adds Rare Vision-Loss Warning to Popular GLP-1 Drugs

(Headline USA)  Popular weight loss drugs including Ozempic and Wegovy will carry a new warning about a possible rare side effect that can sometimes lead to permanent vision loss, U.S. health regulators announced Monday. The Food and Drug Administration said the risk will be added to the labeling of all...

The Precious Metals Sector’s Impressive Relative Breakout—and What It Portends

(Clive Maund, Money Metals News Service) Last week brought dramatic developments across the markets. The plunge in technology stocks, particularly those tied to artificial intelligence, did not surprise us. Recognizing a bubble in search of a pin, we had been expecting it to burst for some time. When it...

Nvidia Probes Whether CEO Was Targeted by Chinese Spy

(Headline USA) Nvidia is opening an investigation into reports that CEO Jensen Huang was the “target of a foreign intelligence effort,” the company's board of directors said Sunday. The announcement came after Huang acknowledged to the board that he had been intimate with a business executive whom, according to The New...

September Central Bank Gold Buying Hit Highest Monthly Total of the Year

(Mike Maharrey, Money Metals News Service) Central bank gold buying reached its highest level of the year in September, pushing third-quarter purchases well above the five-year quarterly average. Central banks globally increased their gold reserves by 321.2 tonnes in the third quarter. That was a 42 percent year-on-year increase. Reported central...

Trump Promised $5,000 if the GOP Held Congress. It Didn’t

(The Center Square) President Donald Trump promised every American adult $5,000 if Republicans held Congress. Democrats won both chambers, according to results reported by The Center Square, and the condition Trump set for the payments, which would cost about $1.2 trillion for a single round, was not met. Trump made the...

What Sparked Gold’s Off Selloff?

(Mike Maharrey, Money Metals News Service) Gold is acting weird. It sold off steeply Friday, despite falling bond yields and a modestly weaker dollar. Paradoxically, the mainstream continues to blame weakness in the gold market on inflation worries. So, investors are dumping their inflation hedge. As I said, gold is acting weird. Or maybe...

The Gold-Silver Ratio Is Expanding; What Next?

(Mike Maharrey, Money Metals News Service) The gold-silver ratio is expanding again. This could signal that silver is setting up to resume its bull run. However, plenty of headwinds continue to buffet the market. What Is the Gold-Silver Ratio? The gold-silver ratio shows how many ounces of silver it takes to...

AI Cybersecurity Risks, Physical Gold and Silver, and Gold’s Value

(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey considers how artificial intelligence could affect trust, cybersecurity, and investors’ access to their money. He also discusses silver’s sharp correction, the long history of gold jewelry, and ways listeners might use precious metals...

The Lesson of 1971 Was Never About Gold

(Stefan Bartl, Money Metals News Service) On August 15, 1971, Richard Nixon interrupted Sunday-night television to announce the New Economic Policy. With the Vietnam War winding down, Nixon argued that the economy required federal action to deliver what he called “a new prosperity without war.” Nixon declared that night,...

Gas Prices Remain High as Elections Near

(Sarah Roderick-Fitch, The Center Square) With the midterm elections a week away and oil flowing through the Strait of Hormuz at prewar levels, gas prices remain high, dropping slightly in the last month. U.S. Central Command reported over the weekend that the United States has ensured 1.5 billion barrels of...

Debt Black Hole: Car Loan Payments Hit Record Level

(Mike Maharrey, Money Metals News Service) The Debt Black Hole keeps getting bigger. American auto loan payments just hit an all-time high of $787 per month. Pile that on record credit card debt and relentless price inflation, and it’s no wonder American consumers feel stressed! Rapidly rising vehicle prices (thanks, inflation!) combined...

Mike Maharrey Connects Federal Debt to Dollar Debasement and Inflation

(Mike Maharrey, Money Metals News Service) In the closing chapter of this Midweek Memo episode, host Mike Maharrey turns to federal deficits, national debt, inflation, and the reasons investors look to precious metals. He says budget figures often provoke a brief reaction of shock, followed by a shrug. Even...
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