Saturday, May 24, 2025

FINANCE

Silver Institute: Silver Demand Surges Despite Market Headwinds

(Money Metals News Service) Amid rising geopolitical tensions, shifting energy policies, and ongoing economic uncertainty, silver remains a vital yet often underappreciated metal. In a recent episode of the Money Metals Podcast, host Mike Maharrey spoke with Michael DiRienzo, President and CEO of the Silver Institute, to break down key insights from the...

Trump Threatens 50% Tariffs on EU, 25% Tariffs on iPhones

(Brett Rowland, The Center Square) President Donald Trump threatened fresh tariffs on the European Union and iPhone maker Apple on Friday, prompting a sell-off on Wall Street.  Trump said trade talks with the European Union, which represents 27 nations, are "going nowhere." The president said he was recommending a 50%...

Justice Department Reaches Deal to Allow Boeing to Avoid Prosecution Over 737 Max Crashes

(Headline USA) The has reached a deal with Boeing that will allow the airplane giant to avoid criminal prosecution for allegedly misleading U.S. regulators about the 737 Max jetliner before two of the planes crashed and killed 346 people, according to court papers filed Friday. Under the “agreement in principle" that...

Could Platinum Be Setting Up to Break Out?

(Mike Maharrey, Money Metals News Service) The platinum price is at the highest level in a year and could be set to break out. Over the last four years, platinum has traded in a range between $900 and $1,100 an ounce. On Friday morning, the metal was just a tick above that...

Come On Moody’s, Tell Us Something We Didn’t Know!

(Mike Maharrey, Money Metals News Service) The most surprising thing about Moody’s downgrade of the U.S. government’s credit rating was that so many people seemed surprised. The reaction should have been, “Tell us something we didn’t already know!” Last Friday, Moody’s cut Uncle Sam’s credit rating by one notch, from...

Senate Report: Health Agencies Hid COVID Jab’s Risk of Myocarditis

(José Niño, Headline USA) A new Senate report alleges federal health agencies delayed warning the public about myocarditis risks linked to mRNA COVID-19 vaccines. On Wednesday, Sen. Ron Johnson, R-WI, chairman of the Senate’s Permanent Subcommittee on Investigations, released a major interim staff report and convened a high-profile hearing to...

Gold Correction?

(Brien Lundin, Money Metals News Service) Gold remains firmly in correction mode — even I will readily agree with that. But one of the most interesting things about this bull market is that, for it at least, the word “correction” has taken on a new meaning. As you can see below,...

Pentagon Credit Cards Used on Gambling, Weed, and Other Dubious Charges

(José Niño, Headline USA) Republican lawmakers are seeking a deeper investigation into fraudulent Pentagon expenditures after the Department of Defense Inspector General released a report in January, finding that officials have failed to properly monitor and review thousands of high-risk transactions made with government-issued travel cards.  https://twitter.com/GOPoversight/status/1924532529748467927 The audit revealed that...

U.S. House Passes Trump-Endorsed Budget Reconciliation Bill

(Thérèse Boudreaux, The Center Square) Republicans in the U.S. House Thursday morning passed the multi-trillion dollar budget reconciliation bill after more than a day of debate in committee before reaching the full House floor. The vote in the House was razor thin, 215-214, with two Republicans joining all Democrats in...

WaPo Tries to Blame DOGE for Bureaucrats’ Pre-Existing Mental Health Woes

(Luis Cornelio, Headline USA) The leftist Washington Post claimed Wednesday that President Donald Trump’s Department of Government Efficiency's spending cuts drove dozens of bureaucrats to “panic attacks,” “depression” and even “suicidal thoughts.” However, their own reporting undercuts that narrative.  In its puff piece, The Post highlighted 30 current and former federal workers...

Chinese Gold Imports Surge as Demand Continues to Grow

(Mike Maharrey, Money Metals News Service) Chinese gold imports hit an 11-month high in April as prices continued to surge to record levels. According to the latest customs data reported by Bloomberg, gold imports reached 127.5 tonnes, a 73 percent increase from the prior month. This comes in the wake of the People's...

U.S. Market Helping Drive Silver Jewelry Demand Higher

(Mike Maharrey, Money Metals News Service) Silver jewelry demand is on the rise globally, another factor pushing the silver market to its fourth straight supply deficit in 2024. The U.S. market is playing an important role in this trend. Industrial silver demand set a record last year, but despite the increase in...
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