Saturday, May 10, 2025

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The U.S. Dollar Stands at a Major Crossroads

(Jesse Colombo, Money Metals News Service) The U.S. Dollar Index is testing a key technical level that has triggered major rebounds in the past—making this an important setup for commodities and precious metals investors to watch closely. The U.S. dollar has fallen sharply since the start of the year, which...

China Ups Gold Import Quotas in Response to Strong Demand

(Mike Maharrey, Money Metals News Service) Demand for gold is so strong in China that the government has allocated additional gold import quotas for commercial banks. According to a Bloomberg article, strong haven demand from institutional and retail investors led to the move. China ranks as the world’s largest gold market. The government uses import quotas to...

Who Pumped Up This Bubble Economy?

(Mike Maharrey, Money Metals News Service) The American economy is a bubble. The thing about bubbles is that they eventually pop. All they need is a pin. Tariff policy might be the pin that pops this bubble, but even if it isn’t, there is a pin out there with this bubble's...

The World Is Selling America

(Brien Lundin, Money Metals News Service) The world is worried. And typically in such an environment, investors across the globe rush to three safe havens: the U.S. dollar, U.S. Treasuries, and gold. This time is different — because they’re dumping the greenback and Treasuries... and buying gold hand over fist. This dynamic...

Secret China Trading Is Fueling Recent Gold Rallies

(Jesse Colombo, Money Metals News Service) My expectations are being fully confirmed as Chinese gold trading activity and prices both surge—and now even Bloomberg has taken notice with a fascinating article on what’s unfolding. Since last fall, I’ve been advancing a theory that China’s aggressive futures traders—who were behind gold’s initial...

Budget Group Says the Actual Federal Debt is $158.6 trillion

(Casey Harper, The Center Square) As Americans file their taxes at the last minute this April 15, the federal debt – and Americans’ federal debt burden – continues to grow.  While the federal government reports a national debt nearing $37 trillion, one budget watchdog says the figure is actually much...

Small Donor Revolt: John Fetterman Faces Refund Requests

(José Niño, Headline USA) Sen. John Fetterman, D-PA, is facing backlash from progressive and small-dollar donors over his increasingly pro-Israel and right-leaning positions since the Oct. 7, 2023, Hamas attack According to a report by The Intercept, Darwin Leuba, who serves as vice-chair of the O’Hara Township Democratic Committee and...

Trump’s China Tariff Shocks US Importers. One CEO Calls It ‘End of Days’

(Headline USA) Rick Woldenberg thought he had come up with a sure-fire plan to protect his Chicago-area educational toy company from President Donald Trump’s massive new taxes on Chinese imports. "When he announced a 20% tariff, I made a plan to survive 40%, and I thought I was being very...

Gold Once Again Proves Its Safe Haven Mettle

(Mike Maharrey, Money Metals News Service) Last week was a wild one for investors, with stocks whipsawing in a storm of volatility and uncertainty. When the dust settled, gold was the last safe haven standing. Spot gold opened the week just below $3,040 an ounce. During Monday’s stock rout, the...

Democrats Dislike the ‘Chaos’ of Trump’s Trade War but are OK With Some Tariffs

(Headline USA) Democrats are quick to say that President Donald Trump’s tariffs are horrible, awful, terrible. But Democrats are also stressing that they are not inherently anti-tariff. What Trump's political opponents say they really dislike is the “chaos” he has unleashed. “Tariffs are an important tool in our economic toolbox,” said Sen. Elizabeth Warren,...

U.S. Government Runs Second-Largest Half-Year Deficit on Record

(Mike Maharrey, Money Metals News Service) The U.S. government ran the second-largest 6-month budget deficit in history through the first half of fiscal 2025. The March budget shortfall of $160.53 billion pushed the total deficit through the first half of the fiscal year to $1.31 trillion, according to the latest Treasury...

Alan Dershowitz Warns Central Park Five: Lawsuit Against Trump Will Backfire

(Luis Cornelio, Headline USA) Jeffrey Epstein's lawyer, Alan Dershowitz, issued a dire warning to the so-called Central Park Five after they filed a long-shot defamation lawsuit against President Donald Trump.  Dershowitz contends that the lawsuit, which he described as flawed, will backfire on the five men by potentially exposing their actions...
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