(Money Metals News Service) Money Metals Midweek Memo host Mike Maharrey isn’t buying the recent bearish turn in gold forecasts from Wall Street.
In this week’s podcast, he pushes back against the prevailing optimism in financial markets and lays out a compelling, data-backed case for why gold and silver still...
(Jesse Colombo, Money Metals News Service) While silver has been relatively quiet in recent weeks following its encouraging breakout, this doesn’t signal failure—rather, it looks like a healthy pause typical of low-volume summer trading.
On June 5th, silver finally broke above both the $32–$33 and $34–$35 resistance zones that had capped its...
(Brien Lundin, Money Metals News Service) “War, what is it good for? Absolutely nothin’!” — I’ve had the classic Edwin Starr song running in my head ever since news of the U.S. bombing of Iranian nuclear facilities broke Saturday evening.
I was actually alerted to the news by my friend Brent Johnson,...
(José Niño, Headline USA) Call it a Qatari Occupied Government?
Tucker Carlson faces accusations of acting as a Qatari propagandist as he pushes against U.S. support for Israel's war in Iran. Carlson vehemently denies the allegations, and his supporters have noted that there's no proof to them.
The accusations were amplified...
(Peter St Onge, Money Metals News Service) Bidenflation is over. But if you feel like prices still aren’t falling, you’re not alone.
Since Donald Trump took office, inflation has plunged from a Biden-era 5 percent to just 1.4%.
This is actually below the Fed's target of 2%. Normally, at this point,...
(Headline USA) A SpaceX rocket being tested in Texas exploded Wednesday night, sending a dramatic fireball high into the sky.
The company said the Starship “experienced a major anomaly” at about 11 p.m. while on the test stand preparing for the tenth flight test at Starbase, SpaceX’s launch site at the...
(Mike Maharrey, Money Metals News Service) Powell & Company at the Federal Reserve sees an elevated stagflation threat. In response, they decided to do nothing.
The Fed held interest rates steady between 4.25 and 4.5 percent. Rates have remained at that level since last December.
The official FOMC statement was little changed from...
(José Niño, Headline USA) For the first time in 50 years, more people are reportedly leaving the United States than arriving.
The Washington Post reported that economists Wendy Edelberg and Tara Watson of the Brookings Institution, in addition to Stan Veuger of the American Enterprise Institute, project in a forthcoming...
(Mike Maharrey, Money Metals News Service) Central banks have gobbled up over 1,000 tonnes of gold for three straight years, and most central bankers think the buying trend will continue.
Last year was the third-largest expansion of central bank gold reserves on record, coming in just 6.2 tonnes lower than...
(Mike Maharrey, Money Metals News Service) The International Monetary Fund (IMF) supports the Zimbabwe gold-backed ZiG “fully becoming a national currency.”
Currently, the U.S. dollar serves as the country’s primary currency, with about 80 percent of the country’s transactions using greenbacks.
Also known as Zimbabwe Gold, the ZiG is a structured currency backed...
(Stuart Englert, Money Metals News Service) Whenever the indebted United States nears its legal borrowing limit, the fiscal can kickers in Washington, D.C., and their misinformation-spewing mouthpieces spout an oft-repeated falsehood and make audacious predictions about the nation’s ability to finance its burgeoning debt forever.
“The U.S. has never defaulted...
(Mike Maharrey, Money Metals News Service) The May CPI report is ratcheting up pressure on Jerome Powell and the Federal Reserve to cut interest rates.
In other words, the perception that the inflation problem is solved is raising the specter of more inflation.
In a social media post on Wednesday, Vice...