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Monday, November 25, 2024

FINANCE

Is Gold in the Beginning Stages of a Bullish ‘Supercycle?’

(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...

Biden-Harris Admin Celebrates Labor Day w/ 200K More Job Losses

(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...

DOJ Declares War on U.S. Economy: Stocks Tumble after Nvidia Antitrust Probe Announced

(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...

Half a House for Half a Mil: L.A. Area Home Destroyed by Tree Hits Market for $500K

(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,...

Central Bank Gold-Buying Trends and the Fed’s Inflation Strategy

(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...

Chinese Silver Demand Surges; Is This a Calculated Move?

(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...

Central Bank Gold Buying Doubled in July

(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...

BLUNDER: Miners Are Dumping Every Single Ounce They Produce

(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...

AI Chatbots Writing Crime Reports May Revolutionize Policing, but Concerns Abound

(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...

Prices Drop after Argentina’s Free-Market President Repeals Rent Control

(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...

How Inflation Hurts Even at the Municipal Level

(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...

Are Job Prospects Deteriorating Faster than Previously Thought?

(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,...
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