HW_EMAIL1_0230PM

(Headline USA) The American economy, slowed by last fall's 43-day government shutdown, grew at a sluggish 0.5% annual pace from October through December, the Commerce Department reported Thursday in a downgrade of its previous estimate. U.S. gross domestic product — the nation's output of goods and services — decelerated in...

(Mike Maharrey, Money Metals News Service) Unsurprisingly, given the significant price corrections in January and after the onset of the Iran conflict, significant amounts of metal flowed out of gold ETFs in March. However, it was a tale of regions, with North American funds accounting for the bulk of...

(Mike Maharrey, Money Metals News Service) The bulk of the U.S. gold reserves held in Fort Knox is made up of impure “non-standard” bars that don’t qualify for use in international settlements. In practice, this means that most of America’s massive gold stockpile is illiquid and wouldn’t be readily accepted...

(Money Metals News Service) In this episode of the Money Metals Midweek Memo, host Mike Maharrey opens with a simple but effective point. People often give one reason for doing something, and that reason may be true, but it may not be the whole truth. He uses a personal...

(Liam Hibbert, The Center Square) California gas prices climbed as high as $6 a gallon as oil prices skyrocketed ahead of President Donald Trump's deadline on Iran to reopen oil trade routes in the Strait of Hormuz. Prices rose in the Southwest before Trump on Tuesday evening announced a two-week...

(Luis Cornelio, Headline USA) New York Gov. Kathy Hochul’s running mate, Adrienne Adams, funneled $435,000 in taxpayer dollars to a Brooklyn-based migrant shelter provider now under federal corruption probe, according to a Sunday report. Adams, the former speaker of the New York City Council, used her office’s discretionary funding to steer...

(Tate Miller, The Center Square)  An education group has uncovered that teacher’s union the National Education Association has given nearly two million dollars in donations since 2020 to an organization that trains for May Day school “walk-in” protests, as well as demands agendas such as “tax the rich” and...

(Mike Maharrey, Money Metals News Service) In what seems like a groundbreaking move, an Indian gold ETF is set to back its fund with gold futures contracts, as well as physical metal. ETF is an acronym for “Exchange Traded Fund.” In simplest terms, an ETF represents a basket of investments...

(Merrilee Gasser, The Center Square)  Drivers in Florida have gas prices above $4 per gallon for the first time in four years with crude oil prices rising almost 60% since the Iran conflict began, AAA says. Second-term Republican President Donald Trump put out a strongly worded warning on social media...

(Mike Maharrey, Money Metals News Service) In a move that netted a nice capital gain, the Banque de France (BdF) sold the remainder of its gold held in the U.S. and replaced it with higher-quality bars purchased in Europe. The move significantly upgraded the quality of the French central bank's...

(Joshua D Glawson, Money Metals News Service) “If you don’t hold it, you don’t own it” is one of the most common phrases in the precious metals investing sphere. It is an axiom that reflects the desire to eliminate counterparty risk, and consciously deciding to hold all of one’s own...

(Andrew Rice, The Center Square) U.S. small businesses reported reduced spending and hiring amid concerns over military strikes against Iran and looming inflation data, according to a new report. The U.S. Chamber of Commerce found business owners across the country are slightly more concerned about the health of their businesses...