Wednesday, October 22, 2025

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Feds Runs Another Massive Budget Deficit in July Despite Surge in Tariff Revenue

(Mike Maharrey, Money Metals News Service) Uncle Sam is cashing in on tariff revenue, but it’s not keeping up with his out-of-control spending habits. Despite triple the amount of tariff income, the July budget deficit surged to $294.14 billion, 19 percent higher than a year ago, according to the Monthly Treasury Statement. Meanwhile,...

U.S. National Debt Tops $37 Trillion

(Brett Rowland, The Center Square) Congress has spent more money than it has collected for the last two decades, allowing the U.S. debt to top $37 trillion for the first time. Experts expected the U.S. to pass the $37 trillion mark months ago. The Treasury Department marked the milestone in...

Indian Gold Jewelry Market Optimistic Demand Will Rebound in H2

(Mike Maharrey, Money Metals News Service) Indian jewelry dealers remain upbeat despite headwinds created by higher prices. They expect demand to rebound in the latter half of the year and are aggressively stocking inventory as the fall festival and wedding season approaches. India ranks as the second-largest gold market in...

Gold Revaluation & the “Strategic Bitcoin Reserve”

(Clint Siegner, Money Metals News Service) There are hints that at least a few within the federal government are toying with the idea of revaluing U.S. gold reserves. The 261.5 million ounces of gold reportedly owned by the U.S. Treasury have been held on the books at just $42.22/oz since the last...

Net Negative Migration is Harmful to the Economy, Economists Say

(Morgan Sweeney, The Center Square)  Though the economy and immigration were issues that helped President Donald Trump secure the White House, some economists have said that too steep a decline in immigration will prove harmful to the economy. The Trump administration touted a statistic Monday reported by CNN the day...

New Fed Study Examines Recent Gold Revaluations… Elsewhere!

(Chris Powell, Money Metals News Service) Last week, the Federal Reserve seemed to take note of the increasing speculation about the possibility of revaluing U.S. gold reserves to improve the financial position of governments and central banks, enabling more money creation and debt reduction. This took the form of a...

More Gold Flowed into ETFs in July

(Mike Maharrey, Money Metals News Service) Gold inflows into ETFs through the first half of 2025 hit levels not seen since the pandemic, and that trend continued through July. According to the latest data compiled by the World Gold Council, 22.8 tonnes of gold valued at around $3.2 billion flowed...

While Wall Street Parties Main Street Is Feeling Financial Stress

(Mike Maharrey, Money Metals News Service) While the bulls are running down Wall Street and stocks keep surging to new record highs, Joe Main Street is feeling stressed. LegalShield’s Consumer Stress Index (CSLI) increased by 4.4 percent in the second quarter and is at the highest level since November 2020, when the...

Citibank Does 180 on Gold Forecast; Now Projects New Record Highs This Year

(Mike Maharrey, Money Metals News Service) Citibank just did a 180 on gold and now forecasts new record highs before the end of the year. Just six weeks after lowering its forecast and warning that gold could drop below $3,000 before the end of the year, Citibank now projects gold...

Boeing Workers Who Build Fighter Jets Plan to go on Strike

(Headline USA) Boeing workers who build fighter jets are planning to go on strike Monday at midnight. About 3,200 workers at Boeing facilities in St. Louis; St. Charles, Missouri; and Mascoutah, Illinois, voted to reject a modified four-year labor agreement with Boeing, the International Association of Machinists and Aerospace Workers...

Unemployment Rate Steady, 73,000 Jobs Added

(Sarah Roderick-Fitch, The Center Square) The U.S. economy added 73,000 jobs in July, while the unemployment rate has remained steady at 4.2% over the past few months. "I've been calling this a 'Frozen' job market for awhile. Now I would call it a red flag. The economy is barely adding...

Here’s What’s Happening in Gold & Silver Right Now

(Jesse Colombo, Money Metals News Service) Gold and silver remain in consolidation, but their technical setups are still strong—despite the confusing crosscurrents caused by unpredictable tariff developments. It’s been a volatile and tumultuous week, marked by the Fed meeting, a slew of key economic data—including the U.S. GDP report—and a...
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