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Friday, April 4, 2025

FINANCE

Could Silver ‘Do a Palladium?’

(David Smith, Money Metals News Service) Palladium was manipulated for years. It had the largest short position relative to its size, while physical demand rose inversely to decreasing supply. In 2018, demand became so large that it overwhelmed the shorts. Physical palladium could not meet the market's needs and prices exploded. Shorts eventually decreased...

Leftists Boycott Grocery Chain Publix After Heiress Donated to Pro-Trump Rally

Leftists launched a boycott of grocery store chain Publix Super Markets after a member of the company’s founding family donated to a pro-Trump “Stop the Steal” rally in Washington, D.C. last month. The Wall Street Journal reported that Julie Jenkins Fancelli, a prominent Trump donor and the heiress of the...

Budget Office Expects $2.3T Deficit Before Biden Relief Plan

(Associated Press) The Congressional Budget Office says the federal government is on track for a $2.3 trillion deficit this year, down roughly $900 billion from last year when the coronavirus pandemic led Congress to provide historic amounts of financial aid. Stronger economic growth has helped to reduce the anticipated shortfall for...

Backwardation and Other Evidence of a Silver Supply Squeeze

(Clint Siegner, Money Metals News Service) The effort to squeeze silver shorts may appear to have fizzled, but naked short sellers are as vulnerable as ever. Silver futures prices are entering backwardation. That is a bad omen for anyone betting on lower silver prices. Backwardation happens very rarely, but this condition has...

Idaho House Votes to Encourage Holding Gold and Silver to Protect State Reserves

(Jp Cortez, Sound Money Defense League) The Idaho State House on Thursday overwhelmingly approved a bill which enables the State Treasurer to protect state reserve funds from inflation and financial risk by holding physical gold and silver. State representatives voted 51-19 to pass House Bill 7, the Idaho Sound Money Reserves...

GOP Sens. Urge SEC to Block NASDAQ Quotas for Race, Gender on Corporate Boards

Republicans on the Senate Banking Committee sent a letter to the Securities and Exchange Commission expressing their opposition to a new race, sex, and gender diversity rule, according to a press release. The SEC will vote on whether to accept a proposed NASDAQ regulation that would compel publicly traded companies...

Energy Metals Lead the Charge

Gold and silver aren’t the only viable plays in the metals space – and they aren’t currently the leaders. On Wednesday, both copper and platinum rallied up to multi-year highs. Rhodium, meanwhile, currently commands $21,000 per ounce – yes, per ounce – making it one of the most valuable elements...

Facebook, Twitter See Big Q4 Growth in Global Markets, Despite Alienating US Conservatives

In the fourth quarter of 2020, Facebook lost daily active users in the United States and Canada, though both total users and average revenue per user grew, Reclaim the Net reported. American and Canadian daily active users—people who log onto the platform every day—fell from 196 million in the third...

PepsiCo Shuts Down ‘Aunt Jemima’ Brand Name, Rebrands

(Associated Press) Aunt Jemima is making her last batch of pancakes. Quaker Oats said Tuesday that its Aunt Jemima brand pancake mix and syrup will be renamed Pearl Milling Company. Aunt Jemima products will continue to be sold until June, when the packaging will officially change over. Quaker Oats, a division of PepsiCo...

How Precious Metals Generate Positive Real Returns

One of the most bullish backdrops for precious metals is an environment of negative real interest rates – that is, when bonds and cash yield less than the inflation rate. With inflationary pressures picking up and the Federal Reserve showing no signs of lifting its benchmark rate anytime soon, real...

Trump Lost $2 Billion as President, but Still Donated Every Paycheck

At almost 70 years old, Donald Trump set aside a luxurious retirement to serve the American people, which cost him $2 billion during his tenure, the Washington Examiner reported. When Trump left office in January, his net worth was $2.5 billion—down from $4.5 billion when he decided to run for...

David Hogg Launching Pillow Company to Compete w/ Mike Lindell’s MyPillow?

Gun-control activist David Hogg said he plans to launch his own pillow company to compete with pro-Trump entrepreneur Mike Lindell’s popular MyPillow line. Mike the “my pillow guy” is commenting on his soon too be progressive competition in the form of a progressive pillow company @williamlegate and I are starting. This...
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