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Tuesday, November 5, 2024

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Newsom Strengthens China Relations as Scrutiny Grows over Walz’s Ties

(Kenneth Schrupp, The Center Square) California Gov. Gavin Newsom declared "California Panda Day" to highlight Sino-Californian cooperation as scrutiny grows over Minnesota governor and now Democratic vice-presidential candidate Tim Walz's close relationship with China. “Building on our strong foundation of partnership and deep cultural and economic ties, I traveled to...

Gold ETFs Globally Add Gold for Third Straight Month

(Mike Maharrey, Money Metals News Service) Gold ETFs charted their strongest month since April 2022 in July. Globally, ETFs added 48.5 tons of gold to their holdings last month, with funds in every region reporting increases. A combination of gold inflows and a 4 percent increase in the price of...

Another Recession Signal: Credit Card Spending Is Slowing Significantly

(Mike Maharrey, Money Metals News Service) America runs on debt. And American consumers may be getting close to their credit card limits, yet another signal the U.S. economy could be teetering on the brink of a recession. (If it's not there already.) According to the latest data released by the Federal...

When Will the Fed “Normalize” Interest Rates? This Is Normal!

(Mike Maharrey, Money Metals News Service) A drug addict constantly needs more drug to get the same effect. The U.S. economy is addicted to easy money, and it needs more and more of this drug to maintain the high. The problem with this scenario is eventually the addict overdoses. This Is...

Trump and Vance Make Campaign Push in Minnesota

(Headline USA) As the presidential campaign enters a critical final 100 day stretch, Republican nominee Donald Trump and his running mate, JD Vance, rallied supporters on Saturday in a state that hasn’t backed a GOP candidate for the White House since 1972. The rally in St. Cloud, Minnesota, is a...

Harris Refuses to Acknowledge Inflation Increase During Her Tenure

(Headline USA) Kamala Harris refused to acknowledge inflation in her campaign speeches on economic policy. Shortly after Joe Biden left the race a week ago, Harris began to craft a new narrative around the economy. Not once in speeches in Wisconsin, Indiana or Texas did she mention the word “inflation.” Inflation...

Did Joe Biden Give Us a Record Breaking Stock Market?

(Mike Maharrey, Money Metals News Service) According to your friends on Facebook, Joe Biden has gifted us with record-breaking stock market highs. Is this true, or is something else going on? It is true stocks have soared to new heights multiple times over the last several months. So, what does President...

Suppressing Silver Prices Has Been Official U.S. Policy Since 1965

(Chris Powell, Money Metals News Service) In the July 18 edition of Gold Newsletter, editor and publisher Brien Lundin wrote about the failure of silver prices to keep up with gold prices. "I'm not the kind of conspiracy buff that many of my friends in the industry are," Lundin wrote, "but...

Gold: Steady So Far

(Brien Lundin, Money Metals News Service) Gold lost its gains as today’s stock sell-off gained steam, leading to a liquidity crunch and margin calls. Still, the yellow metal is weathering the turmoil very well so far. A couple of days ago I predicted that we had another week or two...

Editor Quits after Far-Left Magazine Owners Refuse to Pay Staff

(Jacob Bruns, Headline USA) The editor of Los Angeles Magazine quit after barely a year because its far-left owners had stopped paying staff and freelancers for their work, the National Pulse reported. Owners Mark Geragos and Ben Meiselas bought the failing publication in 2022 for $6 million but have been unable...

India Slashes Import Tax on Gold and Silver

(Mike Maharrey, Money Metals News Service) Today, India slashed its import tax on gold and silver, a move that could further boost demand for both precious metals in the world’s second-biggest gold market and support higher prices globally.  The move will cut taxes on gold and silver imports by more...

Gen Z and Millennial Investors Want Gold!

(Mike Maharrey, Money Metals News Service) You might think of gold as old-fashioned - an investment that mostly appeals to Boomers. But in the real world, it's Millennials and Gen-Zers who are clamoring for gold. According to a recent study by Bank of America Private Bank, 45 percent of wealthy...
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