(Mike Gleason, Money Metals News Service) Amid a grim new forecast for the national debt, precious metals markets have been volatile recently.
The gold market found support at the $2,300 level last week and has remained well above that level for days.
Turning to silver, a big move on Thursday saw...
(Mike Maharrey, Money Metals News Service) Central banks have been gobbling up gold, and based on responses to the World Gold Council's 2024 Central Bank Gold Reserves Survey, their appetites for the yellow metal aren’t going to be satisfied any time soon.
Last year, central banks added a net 1,037...
(Mike Maharrey, Money Metals News Service) Since mid-2021, we lived through the worst price inflation since the 1970s. CPI peaked in June 2022 at 9.1 percent.
During this inflationary period, a lot of people sold gold as evidenced by the rangebound price through most of 2023. Was selling a good...
(Mike Maharrey, Money Metals News Service) The petrodollar quietly died this week. While it didn't get big headlines, the demise of the petrodollar could mean big trouble for a U.S. government that depends on dollar dominance to support its borrowing and spending.
"Petrodollar" refers to the dollar's role in crude...
(Headline USA) President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation.
The announcement from the White House on Thursday came after Gruenberg’s tenure became marred by allegations of workplace abuse that led to him to resign.
A longtime financial regulator,...
(Mike Maharrey, Money Metals News Service) Strike up the band and wave the victory banners! Inflation is dead! Or is it?
The May Consumer Price Index (CPI) report was cause for optimism. But price inflation is like that stubborn weed in the driveway. Just when you think you’ve killed it...
(Dmytro “Henry” Aleksandrov, Headline USA) It was revealed that a funding bill from House Republicans includes billions for the massive invasion of illegal aliens backed by the United Nations' International Organization for Migration (IOM).
The news about the globalists' plan came as Steve Marchese, who previously spent 21 years working...
(Matthew Doarnberger, Headline USA) Speaking to a crowd of supporters in Las Vegas on Sunday, former president Donald Trump declared that, if re-elected, he would end taxation on tips for those in the service industry, according to The Hill.
“For those hotel workers and people that get tips, you’re going...
(Mike Maharrey, Money Metals News Service) Gold crashed through several support levels on Friday. The yellow metal plunged from $2,376 Thursday to under $2,300 by Friday afternoon.
The mainstream financial media bandied about two primary reasons for the big kneejerk selloff, and neither seem like particularly good reasons to sell...
(Dmytro “Henry” Aleksandrov, Headline USA) The Bureau of Labor Statistics data released on June 7, 2024, showed that many Americans took up part-time jobs last month because full-time jobs disappeared because of destructive Joe Biden's economy.
The BLS revealed that around 133.3 million people in the United States had full-time jobs...
(Casey Harper, The Center Square) After two decades at war with the Taliban, the U.S. government is now sending millions of taxpayer dollars to the terrorist group.
The Taliban resumed power in Afghanistan immediately after the chaotic and deadly withdrawal of U.S. troops earlier in the Biden administration.
A new federal...
(Money Metals News Service) Welcome to the Money Metals Midweek Memo, hosted by Mike Maharrey, where we discuss news and commentary related to sound money, precious metals markets, and the economy.
Today's focus is on silver, often overshadowed by gold but currently experiencing significant gains and attracting investor interest.
Silver's Recent Performance
Silver recently...