Thursday, May 1, 2025

FINANCE

How Much Gold Is Moving From London to New York?

(Mike Maharrey, Money Metals News Service) A lot of gold has moved from London to New York in recent weeks. Mainstream analysts blame the dynamic on the threat of tariffs pushing the futures price of gold (and silver) higher in New York. There could also be a more fundamental issue...

Inflation Alert! Fed May Have to Slow or End Balance Sheet Reduction

(Mike Maharrey, Money Metals News Service) Last month, the Federal Reserve paused interest rate cuts due to sticky price inflation. This indicates tighter monetary policy moving forward. However, market observers tend to ignore the second prong of monetary policy -- the balance sheet. Most people believe the Fed bowed out of the inflation fight...

Gold’s Big Breakout? The Fed’s Dilemma and the Debt Storm Ahead

(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey analyzes the economic forces shaping the gold market, the Federal Reserve’s precarious balancing act with interest rates, and the long-term implications of inflation on precious metals. From Newton’s third law of motion to a potential breakout...

Report: Cleveland among Best in Nation for Taxpayers

(The Center Square) The news keeps getting better for Cleveland taxpayers, but it’s a different story for those in Ohio’s other major cities. Truth in Accounting on Thursday released its annual Financial State of Cities report that measures individual tax burdens and the ability of 75 cities across the country...

Elon: Audit the Fed

(Peter St Onge, Money Metals News Service) Last week Elon Musk suggested DOGE could audit the Mother of Slush Funds, the Federal Reserve. He even suggested Ron Paul could lead the team. DOGE has already found at least $55 billion in waste and fraud. The Fed could ramp that up ten-fold. “Less Oversight than the CIA” Economist...

Golden Hiccups in our Modern Financial System

(Joakim Book, Money Metals News Service) Last time this much gold crossed the Atlantic, the French were repatriating their gold reserves from New York — in the 1960s, a few years before the gold-based Bretton Woods monetary system collapsed. The time before then, in July 1940, Operation Fish had the Brits shuffle away...

Patriot Front Settles another Lawsuit w/ Leftist Non-Profits

(Ken Silva, Headline USA) Two North Dakota nonprofits have settled their lawsuit against the white nationalist group Patriot Front, which allegedly vandalized local businesses and public property in recent years. Terms of the settlement weren’t disclosed. The settlement, which was docketed in federal court on Feb. 7, appears to cover...

Report: Ukraine Agrees to Minerals Deal With the US

(Dave DeCamp, Antiwar.com) Ukraine and the US have reached an agreement on a minerals deal after the US backed off on one of its more contentious demands, the Financial Times reported on Tuesday. The report said that the US had dropped the demand for it to have the right to $500 billion in...

Inflation’s Hidden Toll: How Money Printing Strains Families

(Samuel Peterson, Money Metals News Service) Inflation. This word strikes fear among most readers. Thoughts of grocery bills and gas prices might be what the average American attaches to this word. However, price increases are not inflation itself. Rather, they are a consequence of inflation. Inflation simply means an artificial increase in the money supply. In...

Interest Rates Matter: Housing Market Edition

(Mike Maharrey, Money Metals News Service) The Federal Reserve has put interest rate cuts on pause due to sticky price inflation. The move makes sense, but why did the Fed start slashing interest rates in the first place? It was clear that the inflation monster wasn't dead when it surprised markets with a super-sized...

ETF Inflows Indicate North American Investors Jumping on Gold Bandwagon

(Mike Maharrey, Money Metals News Service) If gold flows into ETFs are any indication, North American investors are finally hopping on the gold bandwagon. Last week, 48.8 tonnes of gold flowed into North American-based gold-backed funds. The last time we saw weekly flows at that level was April 2020 as...

Wyoming Enacts Law to Establish Strategic Gold Reserve

(Jp Cortez, Money Metals News Service) A groundbreaking bill to establish a strategic gold reserve has just become law in Wyoming. Senate File 96 - also known as the Wyoming Gold Act - requires the Wyoming Treasurer to diversify the state's holdings by acquiring no less than $10 million in "specie...
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