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Friday, November 22, 2024

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Trump-Supporting Home Depot Co-Founder Dies Day Before Election

(Dmytro “Henry” Aleksandrov, Headline USA) Home Depot co-founder and Republican Party megadonor Bernard Marcus passed away on Monday at 95. The National Pulse reported that Marcus earned around $7.4 billion. He launched Home Depot with Arthur Blank in 1978. The news source added that as of Tuesday, one of the...

Central Bank Gold Demand Rebounded in September

(Mike Maharrey, Money Metals News Service) After slowing in August, central bank gold buying rebounded in September. On net, central banks globally added 40 tons of gold to their reserves. This compares to an 8-ton increase in global central bank gold holdings in August, according to the latest data compiled...

Retail Stores Closing at a Pace Not Seen Since Pandemic

(Mike Maharrey, Money Metals News Service) While President Biden and talking heads in mainstream media talk about the amazing robust economy, retail stores are closing at a frenetic pace. According to Coresight Research, 6,189 stores have already closed in 2024. That puts retail store closures at the fastest pace since 2020,...

Dems Warn of Civil Unrest if Trump Takes Back The White House

(Chris Cella Jr., Headline USA) Americans should prepare for potential “civil unrest” if Donald Trump reclaims the presidency, a dozen Democrats warned the Wall Street Journal just over a week before one of the most polarizing elections in U.S. history, Breitbart reported. “I really think it’s going to be bad...

Crooked Gold IRA Dealer ‘Regal Assets’ Nailed Hard by the Feds

(Stefan Gleason, Money Metals News Service) Precious metals investors need to be careful to avoid scams. Some have been around for a long time in different forms. Others are newly proliferating now that gold is hitting records. Last week, the Commodity Futures Trading Commission announced it has obtained a judgment...

Chinese Economic Stimulus Plan Could Boost Gold Demand

(Mike Maharrey, Money Metals News Service) A recently announced Chinese economy stimulus package could provide a shot in the arm for the Chinese gold market. China ranks as the world's number one gold consumer. World Gold Council China analyst Ray Jia called it a "stimulus bazooka." Reuters called it "the biggest stimulus since the...

L.A. Times Editor Quits after Publication’s Owner Strikes Down Kamala Endorsement

(Headline USA) The editorial editor for the Los Angeles Times quit in protest after the newspaper’s owner blocked a decision to endorse Vice President Kamala Harris. “I am resigning because I want to make it clear that I am not OK with us being silent,” Mariel Garza told the Columbia Journalism...

Here’s What to Watch After Silver’s Big Breakout…

(Jesse Colombo, Money Metals News Service) After silver broke through the key technical levels I had been monitoring and writing about on Friday, surging 7% in a single day, I released an in-depth report on the upcoming silver bull market and why it would likely evolve into a silver squeeze. In this...

Market Conditions Update: Silver Is Pulling Back…. Could a Squeeze Still Drive Silver Prices to $50?

(Money Metals News Service) Although we are seeing a sharp price pullback this morning, gold and silver remain on bullish footing, especially after a notable 12-year breakout in silver over the past four trading days. Analyst Jesse Colombo meticulously explains in his recent article posted at MoneyMetals.com why he believes a silver squeeze has...

Why Are Long-Term Bond Yields Rising Despite Rate Cuts?

(Mike Maharrey, Money Metals News Service) Since the Federal Reserve enacted its supersized rate cut in mid-September, the yields on 10-year and 30-year Treasuries have spiked. I don’t think that was the plan. After all, the point of a rate cut is to lower interest rates, not raise them. This reveals a dirty little...

Is the Inflation Monster Still Hiding Under the Bed?

(Mike Maharrey, Money Metals News Service) The so-called grownups tell us everything is fine. The inflation monster is gone now. Or is it? Sure, most people don’t believe it’s there, but I think the inflation monster is hiding under the bed. The adults in the room say it's not there. But...

Kamala Unveils Patronizing Pitch to Black Men: Weed and Cash Handouts

(Luis Cornelio, Headline USA) Vice President Kamala Harris has unveiled a so-called economic plan to court black male voters, or "brothas," as former President Barack Obama recently called them.  Harris’s not-so-groundbreaking plan pledges to hand out $20,000 taxpayer-funded forgivable loans to one million black entrepreneurs and others, while also committing to legalizing...
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