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Tuesday, February 11, 2025

FINANCE

ETFs Kick Off 2025 By Adding More Gold

(Mike Maharrey, Money Metals News Service) In January, European gold-backed ETFs charted the largest inflow of metal in more than two years, driving global ETF gold holdings higher to kick off 2025. Gold-backed funds globally reported net gold inflows of 34.5 tonnes last month, adding $3 billion to their holdings. Total...

Gold Surpasses $2900 Per Ounce

(Peter C. Earle, Money Metals News Service) Gold has surged to a new all-time high, breaking through $2,911.72 per ounce on a thick mix of domestic and foreign uncertainty, inflation concerns, and a shifting macroeconomic landscape. While bullion has historically served as a safe-haven asset, the latest rally is...

Chinese Insurers Set to Intensify China’s Gold Rush

(Jesse Colombo, Money Metals News Service) China's futures traders have been the driving force behind gold’s extraordinary $400 surge in March and April 2024. However, these traders have been relatively quiet since then. My theory is that as gold heats up again, they will return, triggering a parabolic rally to $3,000...

What the Heck Happened to the Penny?

(Mike Maharrey, Money Metals News Service) When I was a little kid, one of the highlights of a trip out with my grandmother was getting a penny to stick in the gumball machine. Back in the early 1970s, a penny would get me several small gumballs or one giant...

Trump Puts Biden’s 87,000 IRS Agents to Work—On Deporting Illegals

(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...

Trump to Stop U.S. Production of Pennies

(Casey Harper, The Center Square) President Donald Trump said late Sunday that he has ordered the U.S. Treasury Department to stop producing pennies. Pennies famously cost more than a penny to produce, putting them in the crosshairs of Trump and DOGE’s government efficiency push. "For far too long the United States...

Copper’s Surge Is a Bullish Omen for Silver

(Jesse Colombo, Money Metals News Service) Over the past few months, I’ve maintained a consistently bullish outlook on copper, anticipating a rebound off the $4 per pound support level and a strong rally. This scenario has particularly intrigued me because a surge in copper would provide a significant tailwind for silver....

Is the Shortage of Large Bars Temporary?

(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...

Big Banks Getting More Bullish on Gold

(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...

And the Winner of the Super Bowl Takes… Silver?

(Mike Maharrey, Money Metals News Service) The Super Bowl may be one of the most popular sporting contests in the world. In 2024, over 120 million people tuned into the game. I have to say, for such a big event, the trophy awarded to the winner is rather pedestrian. I...

Debt, Spending, and Economic Survival: Peter St. Onge’s Take

(Money Metals News Service) In a recent interview on the Money Metals podcast, host Mike Maharrey sat down with economist and internet personality Dr. Peter St. Onge to discuss pressing issues surrounding U.S. national debt, government spending, and economic recovery strategies under the current administration. The conversation shed light on the alarming fiscal...

Surging U.S. Inflation Expectations Propel Gold Higher

(Jesse Colombo, Money Metals News Service) Since President Trump took office and introduced his policies, financial markets have faced a wave of uncertainty driven by a mix of complex and often conflicting forces. This volatility has led to choppy market conditions, but for precious metals investors, uncertainty has been a...
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