FINANCE
What Will It Take for Metals to Break Higher?
(Clint Siegner, Money Metals News Service) Gold and silver prices remain range bound and investors are frustrated. Precious metal mining shares have been drifting lower for years. The GDXJ, an index of junior mining companies, is at the lowest level seen since the depth of the COVID sell-off in...
Chinese Wholesale Gold Demand Sets January Record
(Mike Maharrey, Money Metals News Service) Chinese gold demand kicked off 2024 with a bang. Wholesale gold demand set a record in January. Meanwhile, assets under management by Chinese gold ETFs reached an all-time high.
China ranks as the world’s top gold consumer, and Chinese demand has a significant impact...
Truckers Boycott N.Y. after Trump’s $355M Fine in Fishing Expedition
(Ben Sellers, Headline USA) The hashtag #TruckersForTrump was trending on Twitter with more than 70,000 posts on Monday following Judge Arthur Engoron's outrageous $355 million verdict against former President Donald Trump in a trial that many regarded as little more than the fulfillment of a campaign promise from Democrat...
Oversight Committee Opens Probe into IRS for Selective Enforcement
(Casey Harper, The Center Square) The Republican-led House Oversight Committee is looking into allegations that the IRS is selectively not enforcing its tax-exempt rules against leftist nonprofits.
With new allegations of political bias, House Oversight Committee Chair Rep. James Comer, R-Ky., has launched an investigation into the IRS requesting interviews,...
Bullish Industry Silver Forecast on Soaring 2024 Demand
(Mike Gleason, Mike Maharrey, Money Metals News Service) As speculative fervor fuels price spikes in technology stocks and cryptocurrencies, gold continues to quietly hold its major support level.
The monetary metal tested the critical $2,000 level again this week. After dipping early in the week, prices bounced modestly on Thursday.
The...
House GOP Grills IRS Head over Partisan Leaks, Nonprofit Favortism
(Casey Harper, The Center Square) Internal Revenue Service Commissioner Daniel Werfel responded to a range of concerns from lawmakers Thursday from the controversial $600 reporting rule to leaks at the agency.
The questions came during the House Ways and Means Committee hearing, where a key topic was a controversial IRS...
Federal Spending Remains on ‘Unsustainable Long-Term Fiscal Path’
(Brett Rowland, The Center Square) A Ccongressional watchdog told President Joe Biden and Congress on Thursday that the federal government is on an "unsustainable long-term fiscal path."
The report from the U.S Government Accountability Office comes a week after a Congressional Budget Office report found federal spending is projected to...
Former CEO: High Interest Rates ‘Killing’ Companies as Layoffs Continue
(Bethany Blankley, The Center Square) President Joe Biden is blaming corporations for high prices and "shrinkflation."
Business executives and many economists disagree, arguing the real problem is inflation created by federal deficit spending policies.
Ahead of the Super Bowl, Biden tweeted a video saying, “While you were Super Bowl shopping, did...
Fed Bank Bailout Program Ends in March… Then What?
(Mike Maharrey, Money Metals News Service) The bank bailout program established by the Federal Reserve in the wake of last spring's banking crisis is scheduled to shut down on March 11.
Then what?
There are a lot more questions than answers.
For instance, will the Fed blink?
And if it doesn’t, how will...
Why Rising Shipping Costs Won’t Cause Inflation
(Mike Maharrey, Money Metals News Service) Defining inflation as "rising prices" creates all kinds of confusion. As I explained in-depth, historically, inflation meant an increase in the amount of money and credit in the economy, or more succinctly, an expansion in the money supply. Rising consumer prices - price...
Leaked Letters Expose Biden’s Attempts to Conceal Hur Findings
(Luis Cornelio, Headline USA) Leaked letters appear to confirm earlier revelations that the White House carried out multiple attempts to interfere in the damning release of Special Counsel Robert Hur’s final report that delved into President Joe Biden’s mishandling of classified documents, multiple outlets reported on Thursday.
A day before the release of the...
The Fed Hasn’t Done Enough to Beat Price Inflation
(Mike Maharrey, Money Metals News Service) Price inflation was supposed to be dead and buried months ago. But it’s doing just fine, thank you very much. The January Consumer Price Index report makes that pretty clear.
Sure, the Federal Reserve managed to knock inflation down. But it was never out....
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