HW_EMAIL1_0230PM

(Mike Maharrey, Money Metals News Service) Fundamentally, gold is money, but it is also an extremely useful metal, especially in tech applications. Demand for gold in industry and tech was up 7 percent in 2024, driven by growth in the electronics and computing sectors. Industry and technology used 326 tons of...

(Headline USA) A federal judge on Wednesday removed a key legal hurdle on Wednesday that was stalling President Donald Trump’s plan to downsize the federal workforce with a deferred resignation program. U.S. District Judge George O’Toole Jr.'s order in the challenge filed by a group of labor unions was a...

(Peter C. Earle, Money Metals News Service) US President Donald Trump has proposed supplying Ukraine with ongoing military aid in exchange for access to its abundant reserves of rare earth minerals — elements critical to high-tech industries and defense applications. This proposal aligns with Trump’s long-standing perspective on leveraging...

(Mike Maharrey, Money Metals News Service) South Korea's mint has temporarily suspended the sale of gold bars as the rapid movement of physical gold and silver to the U.S. continues to send ripples through the precious metals markets. As Bloomberg put it, this adds to signs of "widespread tightness across markets for physical precious...

(Jesse Colombo, Money Metals News Service) U.S. inflation expectations have surged over the past few months, and this has been a bullish driver for gold and silver. Yesterday, the U.S. Consumer Price Index came in hotter than expected, reinforcing those inflation concerns and raising the specter of stagflation as economic growth...

(Mike Maharrey, Money Metals News Service) It's getting harder and harder to pretend the inflation problem isn't a problem. Last month, the markets and the mainstream media threw a party when the CPI data came in "cooler than expected." CNBC led with this rosy summary. “U.S. stocks popped on Wednesday...

(Money Metals News Service) Gold prices have once again shattered records, reaching $2,900 per ounce for the first time in history, as demand for the yellow metal continues to surge worldwide. According to Mike Maharrey, host of the Money Metals Midweek Memo podcast, 2024 has already seen 40 record-high gold prices, underscoring...

(Ken Silva, Headline USA) Puck News reporter Dylan Byers reported Wednesday that the New York Times has hired CNN legal analyst Jeffrey Toobin, who achieved infamy in 2020 when he masturbated on a Zoom conference call in front of his colleagues. “Transfer news: famed legal analyst @JeffreyToobin is joining New York...

(Luis Cornelio, Headline USA) Remember the 87,000 IRS agents the Biden administration wanted to hire to go after Americans? They’re now being reassigned to help deport illegal aliens instead. DHS Secretary Kristi Noem announced the shift on X, revealing she had requested the IRS to deputize agents to assist in arresting violent...

(Clint Siegner, Money Metals News Service) Traders with an obligation to deliver physical bars in the U.S. have found the available inventory is in short supply. They have been rushing to import supplies from London and/or paying hefty premiums to secure the bars they need. Others have been capitalizing...

(Mike Maharrey, Money Metals News Service) As gold continues to surge, two big banks have raised their gold price forecasts to $3,000, citing the threat of trade wars and geopolitical uncertainty. Citigroup analysts now expect gold to top $3,000 in the next three months, up from their previous $2,800 forecast. The...

(Ken Silva, Headline USA) A former official for the Federal Reserve Bank of Richmond pled guilty last week to insider trading, after he was caught misappropriating confidential information to execute trades. The defendant, Robert Brian Thompson, 43, of Mosley, worked as a bank examiner and senior manager with supervisory duties...