Tuesday, June 30, 2026

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Desperation in the Global Gold Market

(Brien Lundin, Money Metals News Service) Gold continues to explode higher as fractures spread in the global gold market. I’ve been reporting on the extraordinary gold flows of recent weeks, which have been driving the price of gold to record levels. Those mysterious flows, generally blamed on concerns over potential U.S. tariffs...

Inflation, the Federal Reserve, and the Death of the Penny

(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey dives deep into the Federal Reserve’s ever-changing stance on inflation, the reality behind rising consumer prices, and a seemingly unrelated yet important development—the end of the U.S. penny. Through sharp analysis and historical comparisons,...

Defense Secretary Hegseth Orders Sweeping Pentagon Cuts

(Dave DeCamp, Antiwar.com) Secretary of Defense Pete Hegseth has ordered Pentagon leaders to develop plans to make sweeping cuts to the Defense Department’s budget, The Washington Post reported on Wednesday. According to a memo obtained by the Post, Hegseth’s order calls for an 8% cut to the Pentagon budget each year...

Trump Wants to Give Every American a $5,000 ‘DOGE Dividend’

(Headline USA) President Donald Trump said Wednesday that he likes the idea of giving some of the savings from Elon Musk's Department of Government Efficiency back to U.S. citizens as a kind of dividend. He said at an investment conference in Miami that the administration is considering a concept in which...

A Golden Age of Diplomacy: U.S. and Russia Agree to Resume Trade and End War

(Kyle Anzalone, Antiwar.com) Following a high-level meeting between US and Russian officials, the State Department said Washington and Moscow will begin taking steps to normalize the diplomatic relationship between the two superpowers. US-Russian diplomacy sank during the first Donald Trump administration, and Joe Biden cut nearly all contact with Russia after...

Auditing America’s Gold Is Not Just Important, It’s Critical

(Jp Cortez, Money Metals News Service) An X exchange over the weekend is bringing new light to an issue long shrouded in mystery — the status of America’s purported stockpile of 8,133 tons of gold stored in Fort Knox and other government vaults across the country. News aggregator ZeroHedge tweeted at President...

Trump Fixed the Penny Problem But Now We Have a Nickel Problem

(Mike Maharrey, Money Metals News Service) My grandfather used to say, “Don’t take any wooden nickels.” The idiom basically meant, “Be careful! Don’t get cheated.” Back in the day, small banks and merchants sometimes handed out novelty wooden nickels as promotional items. Of course, they had no value. You didn’t...

What You Need to Know About a Possible U.S. Gold Revaluation

(Jesse Colombo, Money Metals News Service) Since 1973, America’s gold has been officially valued at just $42 per troy ounce—but that may soon change. When Donald Trump won the U.S. presidential election on November 5th, gold and silver immediately plummeted—down 9% and 15%, respectively—as many investors soured on precious metals....

DOGE’s Next Target: the IRS

(Headline USA) Elon Musk's Department of Government Efficiency is seeking access to taxpayer data at the IRS, two people familiar with the inner workings of the plan who were not authorized to discuss the matter publicly told The Associated Press on Monday. If successful, Musk and his group would have access...

Gold, Debt, and the Coming Financial Storm

(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with financial analyst Greg Weldon to discuss the state of global markets, gold’s record-breaking rally, and the looming debt crisis threatening economic stability. Weldon, a veteran trader and macroeconomic expert, shared critical insights into...

Americans Ran Up Even More Debt to Pay for Christmas

(Mike Maharrey, Money Metals News Service) Christmas 2024 was brought to you by Visa, Mastercard, et al. Was this the last gasp of an American consumer buried under mountains of debt? Retail sales were strong in December (up 0.7 percent). Economists and pundits lauded the "strength" of American consumers and...

Why Inflation and “Real Interest” Rates Are Bullish for Gold

(Mike Maharrey, Money Metals News Service) It’s clear that the Federal Reserve hasn’t won the inflation fight. With the CPI trending higher for four straight months, the markets aren’t pricing in another interest rate cut until September. Isn’t a “higher for longer” interest rate environment bearish for gold? The short answer is no...
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