Monday, March 30, 2026

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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...

China Is Gobbling Up Physical Silver

(Mike Maharrey, Money Metals News Service) While the paper-driven silver price swings all over the place, the Chinese have been gobbling up physical silver. China imported 790 tonnes of silver through the first two months of 2026, with 470 tonnes flowing into the country in February alone. As Bloomberg described the situation, “Strong...

I’ve Turned Into a Gold Bear — For Now

(Mike Maharrey, Money Metals News Service) I’ve turned bearish on gold. For now. Bearish sentiment has taken over the markets. As one analyst put it, “Wall Street has thrown in the towel on gold.” The problem is, they threw in the towel while they were still dripping wet. Gold got pummeled last...

Trump Officials Announce 10-Gigawatt Data Center, Gas Plants for Former Ohio Uranium Site

(Headline USA) The U.S. Department of Energy on Friday announced a public-private partnership to develop a major data center with its own power supply on the site of a decommissioned uranium enrichment plant in southern Ohio, as it pushes commercial development of artificial intelligence technology. The Portsmouth Gaseous Diffusion Plant...

US F-35 Fighter Jet Damaged by Iranian Fire

(Dave DeCamp, Antiwar.com) The US military said on Thursday that a US F-35 fighter jet was damaged by suspected Iranian fire while operating over Iran and was forced to make an emergency landing. “The aircraft landed safely, and the pilot is in stable condition,” said Capt. Tim Hawkins, a spokesman...

Incentives Matter: Tax Edition

(Mike Maharrey, Money Metals News Service) Here’s an economic truth you’d be wise to remember. Incentives matter. You may not like the way people respond to the incentives created by your program or policy, but you darn sure better take them into account. Most people don’t. They tout the easily identifiable perceived benefits...

As Oil Hits $120 a Barrel, Damage to Energy Industry is Done, Energy Insiders Say

(Bethany Blankley, The Center Square) As conflict in Iran escalates, Middle Eastern refineries have been hit and the Strait of Hormuz remains compromised, and oil futures hit $120 a barrel. Physical cargos of crude from Oman and the UAE have already hit $150 a barrel for May delivery. Prices at...

Gold, the Federal Reserve, and a Catch-22

(Mike Maharrey, Money Metals News Service) If you know inflation is going to increase, would you sell your inflation hedge? Me neither. That would be dumb, right? However, that’s what a lot of people did yesterday (Wednesday, March 18), and they're still doing it this morning. This hints at the Catch-22...

More Than 200 US Troops Have Been Injured in Iran War

(Dave DeCamp, Antiwar.com) More than 200 US troops have been wounded in the Middle East since the US and Israel launched the war with Iran on February 28, a US Central Command spokesman said on Monday, as the conflict continues to rage across the region. CENTCOM spokesman Capt. Tim Hawkins...

U.S. Government Debt Black Hole Got Bigger in February

(Mike Maharrey, Money Metals News Service) I could almost put this story on a monthly repeat. The federal government ran another big budget deficit in February, as the national debt nudges close to $39 trillion. According to the Monthly Treasury Statement, the Trump administration spent $307.5 billion more than it took...
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