Wednesday, April 8, 2026

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Africa’s Richest King Pushing to Boost African Gold Production

(Mike Maharrey, Money Metals News Service) Africa’s wealthiest king wants to get wealthier. Naturally, he’s looking for more gold. Managem Group, a Moroccan mining company owned by the royal family, recently announced a $750 million investment to increase gold production by 134 percent. Moroccan King Mohammed VI is the richest African leader,...

Oracle Filed 3,126 H-1B Petitions While Cutting Staff

(José Niño, Headline USA) Thousands of Oracle employees were told via email last Tuesday that the company had decided to eliminate their positions. "After careful consideration of Oracle's current business needs, we have made the decision to eliminate your role as part of a broader organizational change," the email stated, as...

Trump Set To Unveil His $1.5 Trillion Military Budget Request Amid Raging Iran War

(Dave DeCamp, Antiwar.com) President Donald Trump is expected to unveil his request for a $1.5 trillion military budget for the 2027 fiscal year on Friday, Reuters has reported, marking a 50% increase from this year’s already massive budget. The 2026 military budget marked the first to officially exceed $1 trillion,...

Chinese Gold Demand: A Tale of Two Sectors

(Mike Maharrey, Money Metals News Service) The Chinese gold market is a tale of two sectors. The jewelry sector is struggling due to high prices, while gold investment has been red-hot. According to Metals Focus, increasing safe-haven and wealth preservation demand have boosted gold investment. However, high prices and a reduced...

Uncle Sam’s Balance Sheet Looks Like Bankruptcy

(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey opens with a stark thought experiment. He asks listeners whether they would lend money to a head of household earning $52,446 a year, spending $73,378, running a $20,932 annual deficit, and sitting on $1,361,788...

Don’t Be a Precious Metals Fool

(Stuart Englert, Money Metals News Service) Since it’s April 1st, it seems an appropriate time to look at the Top 10 reasons why it’s foolish to own gold and silver. 1) Despite persistently dire and gloomy headlines, all the world’s economic problems and financial woes, including excess currency creation, price...

Gas Prices Eclipse $4 a Gallon in the US, the Highest Since 2022

/tag/Tax(Headline USA) U.S. gas prices jumped past an average of $4 a gallon for the first time since 2022 on Tuesday, as the Iran war continues to push fuel prices higher worldwide. According to AAA, the national average for a gallon of regular gasoline is now $4.02 — over a...

What’s the Real Inflation Rate?

(Mike Maharrey, Money Metals News Service) Based on the CPI, inflation is relatively cool. Don't be fooled. It's much higher than advertised, and you can see it clearly if you look at the right data. When talking heads on CNBC or Fox Business talk about inflation, they always reference the...

Gold Pullback Sparks Debate as War Narrative Dominates Markets

(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with renowned precious metals analyst Jeff Clark to unpack the sharp pullback in gold prices and the dominant narratives driving market sentiment. As of their Thursday afternoon recording, gold had declined again, with...

Gas Prices Approach $4 a Gallon in U.S., $6 in California

(Liam Hibbert, The Center Square)  The average U.S. gallon of gas neared $4 on Wednesday as California closed in on $6, with prices fueled by the uncertainty around the U.S.-Israel conflict with Iran. With no clear end in sight for the Iran conflict that has killed nearly 3,000 people across...

India Increasingly Using Dollar Alternatives for Oil Purchases

(Mike Maharrey, Money Metals News Service) India is increasingly bypassing the U.S. dollar in oil transactions. The U.S. granted India a waiver to purchase Russian oil despite ongoing sanctions, as the Iran war squeezes global crude supplies. However, the waiver expires on April 11. According to a Bloomberg report, Russian refiners are seeking...

Bipartisan Senate Bill Would Ban Sports Betting on Prediction Markets

(José Niño, Headline USA) ​​A cross-party coalition of U.S. legislators has put forward a measure that would ban wagering on athletic events through prediction exchanges, specifically aimed at services like Polymarket and Kalshi. The measure unveiled Monday would "bar any entity registered with the Commodity Futures Trading Commission from listing or...
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