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Friday, November 22, 2024

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Just How Well Is Gold Doing This Year? It’s Beating Stocks!

(Mike Maharrey, Money Metals News Service) Anybody paying any attention at all knows that gold is setting records. But just how good is gold doing in 2024? It is outperforming stocks. And pretty much everything else. Gold closed at yet another record high on Friday, ending the week at $2,622 per ounce....

How Congress Allocates Billions to Fund the Border Crisis Nationwide

(Bethany Blankley, The Center Square) As Americans struggle with high inflationary costs, paying record high grocery costs and energy bills, Congress continues to allocate billions of dollars of taxpayer money to fund services for illegal border-crossers living in U.S. cities. Prior to the last budget funding showdown in March, House...

App Exposes Worst of U.S. Military Housing

(Brett Rowland, The Center Square) An app that allows U.S. service members to anonymously post photos of the conditions in military barracks and dining facilities includes images of mold, mice, maggots, cockroaches, brown tap water and broken AC units, among other problems. The app, called Hots&Cots, allows registered users to...

India Reports Record Gold Imports in August

(Mike Maharrey, Money Metals News Service) India reported record gold imports in August after the country slashed its import duty the month before. India ranks as the world's second-largest gold consumer behind China. In July, the Indian government cut taxes on gold and silver imports by more than half, lowering duties...

MAHARREY: Actions Speak Louder Than Words: Fed Supersizes Rate Cut

(Mike Maharrey, Money Metals News Service) Jerome Powell says the economy is in “solid shape.” Jerome Powell says inflation is still elevated. Jerome Powell says he doesn’t see a recession risk. And yet the Federal Reserve just supersized its rate cut, indicating that the central bankers are more worried about...

Deluzio, Lieu Introduce ‘Full Cost of War’ Act

(Christen Smith, The Center Square) Congressional war declarations should include funding for future veteran benefits, according to legislation introduced Thursday. The Full Cost of War Act, sponsored by Democratic U.S. Reps. Chris Deluzio of Pennsylvania and Ted Lieu of California, would require more funding for the Department of Veterans Affairs...

Biden Admits Massive Green Spending Bill Was Dishonestly Named

(Headline USA) President Joe Biden admitted this week that his signature legislation, the misnamed Inflation Reduction Act, was not about inflation at all, but about climate change. Few were fooled by the name. It drew criticism as yet another Orwellian tactic deployed by the dystopian regime alongside controversial policies like...

Trial of African Activist Accused of Aiding Russia Puts Tucker Carlson on Same Side as Socialists

(Headline USA) In a case with grave implications for the First Amendment, the trial began Tuesday in Florida for four activists accused of illegally acting as Russian agents to help the Kremlin sow political discord and interfere in U.S. elections. All four are or were affiliated with the African People’s Socialist Party...

Central Bank Gold-Buying Trends and the Fed’s Inflation Strategy

(Money Metals News Service) In the latest episode of Money Metals’ Midweek Memo, host Mike Maharrey explored two key financial topics: the surge in central bank gold purchases and the historical perspective of the Federal Reserve's balance sheet activities, with a focus on inflation. Central Bank Gold Purchases Surge Maharrey discussed the...

Chinese Silver Demand Surges; Is This a Calculated Move?

(Mike Maharrey, Money Metals News Service) Gold demand in China has been strong this year, reflecting a broader movement of the yellow metal from the West to the East. But the Chinese aren’t just accumulating gold. They have also been hoarding silver in recent months. The Shanghai Metals Exchange has...

BLUNDER: Miners Are Dumping Every Single Ounce They Produce

(Stefan Gleason, Money Metals News Service) On an annual basis, global silver supply generated by mines seems to have run into a ceiling of about 1 billion ounces. Supply has essentially flat-lined over the past several years. At the same time, explosive growth in demand from photovoltaics (solar panels) and...

Feds Say Pharmacy Burglary Ring is Largest in DEA History

(Merrilee Gasser, The Center Square) - Over 40 people accused of running the largest pharmacy burglary stole approximately $12 million worth of controlled substances, according to an indictment. The bust is the largest in the history of the Drug Enforcement Administration, according to the Department of Justice. U.S. Attorney Jonathan D....
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