Monday, May 11, 2026

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Rubio Expedites Shipment of $4 Billion in Military Aid for Israel

(Dave DeCamp, Antiwar.com) On Saturday, Secretary of State Marco Rubio announced that he had expedited the shipment of $4 billion in military aid for Israel, a strong show of support for Israel as it is threatening to restart its genocidal war on Gaza. “I have signed a declaration to use emergency...

Elon Musk Has 14th Child

(Ken Silva, Headline USA) Billionaire Elon Musk has a 14th child who just had a birthday, the boy’s mother said Friday on Twitter. “Discussed with Elon and, in light of beautiful Arcadia’s birthday, we felt it was better to also just share directly about our wonderful and incredible son Seldon...

Inflation Alert! Fed May Have to Slow or End Balance Sheet Reduction

(Mike Maharrey, Money Metals News Service) Last month, the Federal Reserve paused interest rate cuts due to sticky price inflation. This indicates tighter monetary policy moving forward. However, market observers tend to ignore the second prong of monetary policy -- the balance sheet. Most people believe the Fed bowed out of the inflation fight...

Golden Hiccups in our Modern Financial System

(Joakim Book, Money Metals News Service) Last time this much gold crossed the Atlantic, the French were repatriating their gold reserves from New York — in the 1960s, a few years before the gold-based Bretton Woods monetary system collapsed. The time before then, in July 1940, Operation Fish had the Brits shuffle away...

ETF Inflows Indicate North American Investors Jumping on Gold Bandwagon

(Mike Maharrey, Money Metals News Service) If gold flows into ETFs are any indication, North American investors are finally hopping on the gold bandwagon. Last week, 48.8 tonnes of gold flowed into North American-based gold-backed funds. The last time we saw weekly flows at that level was April 2020 as...

India Gold Price Sets Records; Impacts Jewelry and Investment Demand

(Mike Maharrey, Money Metals News Service) After moderating in November and December, the price of gold has surged to new all-time highs in India to kick off 2025. Higher prices have weighed on gold jewelry demand but continue to support investment demand. India ranks as the world's second-largest gold market. Despite...

Zelenskyy Says Ukraine Not in Debt to the US

(Dave DeCamp, Antiwar.com) On Sunday, Ukrainian President Volodymyr Zelenskyy pushed back on the terms of the rare earth minerals deal that the Trump administration wants him to sign, insisting Ukraine was not in debt to the US. President Trump has previously said that he wants a deal with Ukraine that would give the...

Stock Market Today: Wall Street Drifts Following Last Week’s Tumble

(Headline USA) U.S. stock indexes are drifting on Monday following their sharp losses from last week. The S&P 500 was up 0.1% in midday trading after flipping between small gains and losses through the morning. The relatively modest moves follow its 1.7% tumble on Friday, which followed several reports on the...

Reports: Musk Has Only Seen Son 3 Times; Mother Plotted to Have His Baby

(Ken Silva, Headline USA) A custody petition filed by the mother of one of Elon Musk’s children says he’s only visited the baby three times. Meanwhile, purported text messages show that the mother sought to have Musk’s child well ahead of meeting him. The custody petition comes from Ashley St....

Undoing DOGE: GOP Congressional Budget Plan Would Swell Deficits

(Mike Maharrey, Money Metals News Service) With all the attention focused on the wasteful spending being unearthed by DOGE and talk of “rebate” checks, you might think that the Trump administration is finally getting the federal government's reckless borrowing and spending under control. But if we turn our attention...

U.S. Gold Jewelry Demand Surprisingly Strong Despite Record Gold Prices

(Mike Maharrey, Money Metals News Service) Gold had quite a run in 2024, hitting record highs 40 times. That momentum carried over into 2025, with new record highs above $2,900 an ounce. One might expect these higher prices to put a drag on demand for gold jewelry, but surprisingly, the impact has been...

Trump Fixed the Penny Problem But Now We Have a Nickel Problem

(Mike Maharrey, Money Metals News Service) My grandfather used to say, “Don’t take any wooden nickels.” The idiom basically meant, “Be careful! Don’t get cheated.” Back in the day, small banks and merchants sometimes handed out novelty wooden nickels as promotional items. Of course, they had no value. You didn’t...
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