(Mike Maharrey, Money Metals News Service) Is gold in the midst of a supercycle? A Wells Fargo analyst thinks so. Gold has had quite a bull run in 2024. The yellow metal is up over 21.6 percent this year, ranking among the best-performing assets. Along the way, it has...
(Headline USA) Two days after the federal holiday celebrating the American worker, the Biden--Harris Labor Department sheepishly acknowledged that there were about 200,000 fewer of them than at the start of the summer.
The Labor Department reported Wednesday that there were 7.7 million open jobs in July, down from 7.9...
(Headline USA) Attorney General Merrick Garland's dubious declaration that the Justice Department was launching yet another Russia, Russia, Russia election-interference probe undoubtedly left conservatives suspecting more partisan shenanigans after the endless stream of lawfare attacks on GOP presidential nominee Donald Trump and his allies.
However, the DOJ also seemed hell-bent...
(Headline USA) Newly listed for sale in Southern California's notoriously pricey realty market: half a house for half a million dollars.
The one-bedroom, one-bathroom bungalow in suburban Monrovia, northeast of Los Angeles, was crushed by a tree in May with two renters and two dogs inside. There were no injuries,...
(Money Metals News Service) In the latest episode of Money Metals’ Midweek Memo, host Mike Maharrey explored two key financial topics: the surge in central bank gold purchases and the historical perspective of the Federal Reserve's balance sheet activities, with a focus on inflation.
Central Bank Gold Purchases Surge
Maharrey discussed the...
(Mike Maharrey, Money Metals News Service) Gold demand in China has been strong this year, reflecting a broader movement of the yellow metal from the West to the East. But the Chinese aren’t just accumulating gold. They have also been hoarding silver in recent months.
The Shanghai Metals Exchange has...
(Mike Maharrey, Money Metals News Service) Central bank gold buying more than doubled in July, as policymakers showed a continued commitment to increasing the percentage of yellow metal in their reserves.
Globally, central banks added a net 37 tons of gold to their holdings in July, according to the latest...
(Stefan Gleason, Money Metals News Service) On an annual basis, global silver supply generated by mines seems to have run into a ceiling of about 1 billion ounces. Supply has essentially flat-lined over the past several years.
At the same time, explosive growth in demand from photovoltaics (solar panels) and...
(Headline USA) A body camera captured every word and bark uttered as police Sgt. Matt Gilmore and his K-9 dog, Gunner, searched for a group of suspects for nearly an hour.
Normally, the Oklahoma City police sergeant would grab his laptop and spend another 30 to 45 minutes writing up...
(Matthew Doarnberger, Headline USA) The price of rent in Argentina has dropped significantly following the repeal of its rent-control law, as noted in a recent editorial by the Las Vegas Review--Journal.
After Argentinian President Javier Milei signed a bill ending rent control throughout the country in December 2023, the results...
(T.A. DeFeo, The Center Square) Inflation and higher construction costs are affecting municipal projects nationwide.
Case in point: A typical parking lot project in downtown Smyrna. Like many cities, officials in the Atlanta suburb say they need more parking in the downtown area.
"We had originally planned for a parking deck...
(Orphe Divonguy, The Center Square) – Last week’s data showed that the U.S. economy continues to defy expectations, though the data remains mixed at best.
While many leading indicators have been flashing red for most of the past two years, the lagging data has often been revised upwards. For instance,...