Wednesday, April 29, 2026

HW_EMAIL1_0230PM

India Increasingly Using Dollar Alternatives for Oil Purchases

(Mike Maharrey, Money Metals News Service) India is increasingly bypassing the U.S. dollar in oil transactions. The U.S. granted India a waiver to purchase Russian oil despite ongoing sanctions, as the Iran war squeezes global crude supplies. However, the waiver expires on April 11. According to a Bloomberg report, Russian refiners are seeking...

Iran Threatens to Close Red Sea to Shipping in Response to Invasion

(Kyle Anzalone, Libertarian Institute) If the US invades Iran, Tehran will act through its allies in Yemen to close the Bab al-Mandab Strait, which connects the Red Sea and the Indian Ocean.  “If the enemy wants to take action on land in the Iranian islands or anywhere else in our...

Today: Ethics Hearing for Democrat Congresswoman Who Stole Public Funds

(Headline USA) The House Ethics Committee is holding a rare public hearing today at 2 p.m. into alleged ethics violations committed by Democratic Rep. Sheila Cherfilus-McCormick of Florida, pushing into the open a yearslong investigation into how she funded her political rise. The two-term congresswoman is facing numerous ethics charges, including...

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...

Bipartisan Senate Bill Would Ban Sports Betting on Prediction Markets

(José Niño, Headline USA) ​​A cross-party coalition of U.S. legislators has put forward a measure that would ban wagering on athletic events through prediction exchanges, specifically aimed at services like Polymarket and Kalshi. The measure unveiled Monday would "bar any entity registered with the Commodity Futures Trading Commission from listing or...

Jury Finds Instagram and YouTube Liable in a Landmark Social Media Addiction Trial

(Headline USA) Meta and YouTube must pay millions in damages to a 20-year-old woman after a jury decided the social media giant and video streamer designed their platforms to hook young users without concern for their well being. The California jury's decision Wednesday in a first-of-its-kind lawsuit could influence the...

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...

Many Republicans Say Proposed Bipartisan DHS Funding Deal ‘Impossible’

(Thérèse Boudreaux, The Center Square)  Senate Republican leaders appear close to reaching a Department of Homeland Security funding deal with Democrats, but many rank-and-file Republicans view the proposed compromise as inadequate. With the DHS shutdown entering week six and travel chaos growing at some airports, a tentative off-ramp has emerged,...

Commander of 82nd Airborne Ordered to Middle East for Potential Ground Operation in Iran

(Dave DeCamp, Antiwar.com) Maj. Gen. Brandon Tegtmeier, the chief of the US Army’s 82nd Airborne Division, and his headquarters staff have been ordered to the Middle East as the Pentagon prepares for potential ground operations in Iran, The Intercept reported Tuesday, citing two US government officials. The New York Times...

Singapore Dealers Upping Inventory as Gold Demand Remains Strong

(Mike Maharrey, Money Metals News Service) Even as gold faces significant price pressure as the Iran war drags on, dealers in Singapore are bracing for continued high demand. The Straits Times reports that bullion dealers, jewelers, and pawn shops report a surge in precious metals buying, and many retailers are boosting inventories to keep...

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...

China Is Gobbling Up Physical Silver

(Mike Maharrey, Money Metals News Service) While the paper-driven silver price swings all over the place, the Chinese have been gobbling up physical silver. China imported 790 tonnes of silver through the first two months of 2026, with 470 tonnes flowing into the country in February alone. As Bloomberg described the situation, “Strong...
- Advertisement -
- Advertisement -

Most Read

- Advertisement -
- Advertisement -