Thursday, January 22, 2026

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Hong Kong Billionaire Put a Quarter of His Wealth in Gold; Says You Should Do the Same

(Mike Maharrey, Money Metals News Service) While many Western investors still lack exposure to precious metals, a Hong Kong billionaire has allocated a quarter of his wealth to gold and advises others to do the same. Bloomberg described Cheah Cheng Hye as “the face of value investing” in Asia. Hye built...

SCOTUS to Hear Fed Firing Case Wednesday

The U.S. Supreme Court will hear arguments on Wednesday to decide whether President Donald Trump can fire Lisa Cook, a member of the Federal Reserve Board of Governors

Musk’s X Countersues Baby Mother St. Clair over AI Image Dispute

(Luis Cornelio, Headline USA) Elon Musk’s artificial intelligence company countersued one of his baby mothers Thursday after she accused the platform of enabling sexualized AI-generated images of her.  Filed Thursday in federal court in Texas, the lawsuit came after Ashley St. Clair sued xAI in New York, claiming social media users exploited the...

Report: DOJ Launched Federal Reserve Probe in Response to Central Bank’s Stonewalling

(Ken Silva, Headline USA) When Federal Reserve Char Jerome Powell announced Sunday that the Justice Department had served the central bank with subpoenas, he portrayed the DOJ’s actions as a “threat” intended to undermine the Fed’s independence when it comes to setting interest rates. But according to the Washington Post, the DOJ’s...

U.S. Government Still Running Massive Deficit Despite Tariff Revenue

(Mike Maharrey, Money Metals News Service) Despite the influx of tariff revenue, the federal government continues to run a massive budget deficit. The December budget shortfall came in at $144.75 billion, a record for the month. That was 68 percent higher than December 2024. However, looking at just one month gives...

US Evacuating Some Troops From Middle East Bases as It Considers Attacking Iran

(Dave DeCamp, Antiwar.com) The US is pulling some troops from several of its bases in the Middle East, as European officials told Reuters on Wednesday evening that a US attack on Iran could come within the next 24 hours. The US pulled forces from bases in the region before...

Protected Status to End for Somalis in U.S.

(J.D. Davidson, The Center Square) While fraud investigations surrounding millions of taxpayer dollars and day cares in Minnesota continue, the Trump administration ended temporary protection status for Somalis. The status change is expected to impact the nearly 2,500 Somalis living in the United States under TPS and another 1,400 with...

Precious Metals in 2026: Will the Bulls Keep Running?

(Mike Maharrey, Money Metals News Service) 2025 was quite the year for precious metals. What does 2026 have in store for gold, silver, platinum, and palladium? Last year, gold rose by over 64 percent, setting 53 new record highs along the way. Silver gained just under 148 percent. Platinum’s price...

One Year In, a ‘Ho-Hum’ Jobs Report

(Morgan Sweeney, The Center Square) December’s jobs data changed little from November, rounding out an underwhelming year for the U.S. labor market. Initial estimates put job gains at 50,000, though if December is like every other month this year, that number will be revised downward in the coming months. By comparison,...

Federal Judge Blocks Mamdani from Halting Bankruptcy Sales

(Chris Wade, The Center Square) New York City Mayor Zohran Mamdani's push to stop the bankruptcy sale of more than 5,000 rent-subsidized apartments in the city has been blocked, temporarily, by the federal courts. Mamdani, who was sworn into office last week, directed the city’s Law Department shortly after taking...

China Is Weaponizing Silver Using Export Restrictions

(Mike Maharrey, Money Metals News Service) Silver now finds itself at the center of a geopolitical wrestling match over critical elements. In what is clearly an effort to control the market, China recently announced export controls on silver. This could exacerbate global supply shortages already creating a significant silver squeeze. Under the...

Anonymous Trader Scores Massive Payday Hours Before Venezuela Raid

(José Niño, Headline USA) An unidentified gambler has pocketed approximately $410,000 in profits after correctly wagering that Venezuelan President Nicolas Maduro would lose power, according to Reuters. The speculator's Polymarket account accumulated positions in contracts linked to Maduro's removal under terms suggesting unlikely odds ahead of the weekend military operation....
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