(Money Metals News Service) On a recent episode of Money Metals Weekly Market Wrap, the Money Metals podcast, host Mike Maharrey spoke with Nomi Prins about higher interest rates, rising oil prices, Treasury market strain, and accelerating government debt. Prins argued that these forces continue to reinforce the case...
(Mike Maharrey, Money Metals News Service) Over the past week, officials have announced several measures, including a yuan-denominated gold futures contract, with the goal of further positioning Hong Kong as an international gold hub and raising the yuan's global status.
Earlier this summer, Hong Kong launched trial operations of a...
(Mike Maharrey, Money Metals News Service) The Treasury Department will buy back another $6 billion in long-term Treasuries today (Thursday, Sept. 24) as it continues efforts to tamp down rising yields.
Treasury Secretary Scott Bessent announced this second expanded buyback on Wednesday.
And once again, the markets shrugged.
The 30-year Treasury hit...
(Mike Maharrey, Money Metals News Service) Gold is on the path toward $10,000 an ounce. It’s not a matter of if, but when.
That’s the view of State Street Investment Management head of gold strategy Aakash Doshi. In an interview with Kitco News, he said investors should be thinking beyond...
(Headline USA) Twelve states and Hollywood writers challenging Paramount’s buyout of Warner Bros. Discovery agreed to settle their lawsuits on Monday, effectively paving the way for the $81 billion mega merger to cross the finish line, with some new commitments from the company. The blockbuster deal will still bring...
(Headline USA) A new lawsuit claims Anthropic, OpenAI, SpaceXAI and Google made an illegal deal to slow the pace of their respective AI development.
The lawsuit, which was filed Friday in the U.S. District Court for the Northern District of California, argues that the leading AI companies violated antitrust laws when...
(Mike Maharrey, Money Metals News Service) The Kevin Warsh-led Fed is all in on the inflation fight.
The question now is: how long will it last?
My guess is not very long.
As expected, the Federal Reserve nudged interest rates higher by 25 basis points.
More significantly, they forecast at least one more...
(Joshua D Glawson, Money Metals News Service) In 1883, Goldwin Smith gave an address, later published as False Hopes: Or, Fallacies Socialistic and Semi-Socialistic, Briefly Answered, taking on a number of the political and economic fallacies of his time. His remarks on inconvertible paper money are still worth considering today.
The names have...
(Headline USA) President Donald Trump said Monday that he would be a sufficient guardrail against rogue artificial intelligence, claiming that any efforts to limit the technology is part of a “SICK conspiracy.”
Trump was pushing back against calls by tech leaders such as Anthropic's Dario Amodei, OpenAI's Sam Altman and...
(Mike Maharrey, Money Metals News Service) The Consumer Price Index (CPI) data for August was generally in line with expectations. However, a slightly hotter-than-expected core CPI reading buoyed expectations of a rate hike at the Federal Reserve meeting in September.
Meanwhile, there is a lot more to the inflation story...
(Money Metals News Service) Economist Daniel Lacalle joined Mike Maharrey on the Money Metals Podcast to discuss the latest European Central Bank rate hike, the Federal Reserve’s upcoming September meeting, persistent inflation, sovereign debt, and what the environment means for gold and silver investors.
Daniel Lacalle, a professor at IE Business School in...
(José Niño, Headline USA) Independent journalist Ken Klippenstein set off a firestorm this week when he posted a clip of Hillary Clinton on X, captioning it "Hillary Clinton suggests October 7 was an inside job."
The clip features Clinton saying Israeli Prime Minister Benjamin Netanyahu "wanted to see what they...