Friday, May 15, 2026

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Central Bank Gold Buying Rebounded in February

(Mike Maharrey, Money Metals News Service) Despite sales by Turkey and Russia, net central bank gold buying was positive in February, rebounding from a tepid January. In total, central banks globally added a net 19 tonnes of gold to their reserves in February. That was up from just 5 tonnes...

US Crude Tops $110 Per Barrel and Wall Street Tumbles After Trump Vows to Escalate Attacks on Iran

(Headline USA)  Stocks are dropping and oil prices are soaring after President Donald Trump vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East. The S&P 500 fell 1.2% and the Dow sank 600 points and...

Greg Bovino is Locked Out of Gov Social Media Accounts

(José Niño, Headline USA) The Trump administration terminated three social media accounts that recently retired Border Patrol official Gregory Bovino had converted to his personal brand and declined to relinquish despite them being government property, the Washington Examiner reported. Facebook, Instagram, and X accounts tied to the Border Patrol's El...

4 Charged in Corruption Investigation Linked to NYC Homeless Shelter Operator

(Headline USA) Federal prosecutors probing public corruption in New York have charged the leaders of a homeless shelter nonprofit with stealing $1.3 million from the taxpayer-backed organization and steering contracts worth millions more to favored vendors in exchange for bribes and kickbacks, according to an indictment unsealed Tuesday. The charges...

Just How Much Gold Is There?

(Mike Maharrey, Money Metals News Service) One of the things that makes gold valuable is its scarcity. But just how rare is gold? Based on best estimates, geologists at Metals Focus estimate that there are 219,890 tonnes of gold currently above ground. That sounds like a lot, but if you melted...

Taxpayers Fund Hundreds of Thousand in Private jets for Some U.S. Senators

(Jared Strong, The Center Square) U.S. senators collectively spend more than a million taxpayer dollars each year for pricey flights on private planes for themselves and their staff, even though Senate rules greatly discourage the practice, an investigation by The Center Square found. The spending includes a Midwestern senator who...

Senate Funds DHS Without ICE or Border Patrol, Heads to House

(Andrew Rice, The Center Square)  The U.S. Senate agreed to fund the Department of Homeland Security early Friday, without including funds for ICE and Border Patrol.  The Senate passed the funding bill by a voice vote, where Senators say "Aye" or "Nay" to pass legislation and the chair determines the...

A “Gold Bear” in a Bull Market? Setting the Stage

(Money Metals News Service) In a recent episode of the Money Metals Midweek Memo podcast, Mike Maharrey opens with a surprising admission. In the short term, he has turned bearish on gold. This is not a reversal of conviction but a recognition of current market realities. Maharrey makes clear that his...

Iran Rejects US Proposal To End War, Lays Out Its Own Conditions: Iranian Media

(Dave DeCamp, Antiwar.com) Iran’s PressTV reported on Wednesday that Tehran has rejected the Trump administration’s 15-point proposal to end the war the United States and Israel launched on February 28 and laid out its own conditions to end the conflict. “Iran will end the war when it decides to do...

Gold Tanking During a Crisis? We’ve Seen This Pattern Before

(Mike Maharrey, Money Metals News Service) Many people are flummoxed by gold’s deep correction over the last two weeks. Given there’s a war on, shouldn’t gold be catching a strong safe-haven bid? In fact, the pattern playing out in the gold market isn't out of character. We saw similar dynamics...

Hundreds Go On Strike at Major Navy Shipbuilder in Maine Over Wages and Benefits

(Headline USA) Hundreds of designers, clerks and technicians went on strike Monday in Maine at one of the U.S. Navy's largest shipbuilding contractors. The Bath Marine Draftsmen's Association went on strike at General Dynamics Bath Iron Works after members voted to reject the shipyard's proposed wage offer over the weekend....

Trump to Send ICE Agents to Airports if Funding Deal Doesn’t Pass

(Dan McCaleb, The Center Square) With many travelers seeing long waits at airports because of the partial government shutdown, President Donald Trump said Saturday he would send Immigration and Customs Enforcement agents to provide security at airports to ease the strain. "If the Radical Left Democrats don’t immediately sign an...
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