HW_EMAIL1_0230PM

(Mike Maharrey, Money Metals News Service) Many central banks are stacking gold. However, there is a notable seller – Russia. This underscores the fact that governments hold gold for a reason. According to the latest data compiled by the World Gold Council, Russia has sold around 44 tonnes of gold since the...

(Mike Maharrey, Money Metals News Service) Several large Chinese banks have announced plans to halt retail paper gold trading. Could this be a coordinated push by China to exert more influence and break the Western grip on gold pricing? Last month, the Industrial and Commercial Bank of China (ICBC) announced...

(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey argues that investors should look beyond daily headlines and recognize the long-term patterns reshaping financial markets. Drawing parallels between hockey goalies who rely on pattern recognition rather than reflexes, Maharrey contends that history...

(Headline USA) ESPN is undergoing a significant round of layoffs for the first time in three years after taking over NFL Network in April. Chairman Jimmy Pitaro said in a memo to employees Tuesday morning, obtained by The Associated Press, that most moves are the result of ESPN’s acquisition of...

(Headline USA) Bill Gates and the staff of his charitable foundation met with convicted sex offender Jeffrey Epstein more than two dozen times even as employees expressed concerns about the reputational risk of working with him, an external review commissioned by the Gates Foundation found. The conversations appeared to focus...

(Dave DeCamp, Antiwar.com) The New York Times reported on Monday that the Pentagon didn’t disclose that US troops had been injured by Iranian attacks on Jordan in the week leading up to the missile strikes that killed at least two US soldiers and left one missing. US officials told the...

(José Niño, Headline USA) Apple has spent years selling itself as the privacy company, but a fresh lawsuit contends that one of its flagship privacy tools was essentially a vault with the door hanging loose. As Reclaim the Net tells it, a customer in California claims Apple went on...

(Mike Maharrey, Money Metals News Service) When the price of gold peaked at $5,500 in January, it was technically overbought. Now the dynamics have flipped, with gold “massively” oversold. “Oversold” is a technical term meaning that an asset has declined so rapidly or so far that momentum indicators indicate selling...

(Mike Maharrey, Money Metals News Service) You can add Tanzania to the list of countries expanding their gold reserves. According to a statement by Bank of Tanzania Governor Emmanuel Tutuba, the country has increased its gold holdings by 28 tonnes over the last 18 months. The newly acquired gold is...

(José Niño, Headline USA) MAGA influencer Rogan O'Handley landed at the center of a widening Washington betting scandal this week after a viral Twitter post from Aaron Fritschner, deputy chief of staff to Representative Don Beyer, D-Va., spotlighted fresh reporting from The Wall Street Journal. Fritschner wrote that "Congresswoman...

(Money Metals News Service) Gold and silver spent another week under pressure, extending the pullback that has frustrated many precious metals investors over the past several weeks. Gold finished the week just above $4,010 an ounce, while silver fell more sharply to around $56, continuing its recent streak of underperformance. Even...

(Mike Maharrey, Money Metals News Service) Silver is becoming increasingly discounted relative to gold, as indicated by the widening of the gold-silver ratio. In other words, silver is on sale once again. Both silver and gold are down sharply since their record peaks in January. However, silver’s downward trajectory was even...