(Clive Maund, Money Metals News Service) We got the upside breakout from the Bull Flag that was predicted in the last update posted on July 6th.
But then, rather like Apollo 12, which got struck by lightning twice in quick succession on the way up, the ride got bumpy for a...
(Mike Maharrey, Money Metals News Service) Uncle Sam is cashing in on tariff revenue, but it’s not keeping up with his out-of-control spending habits.
Despite triple the amount of tariff income, the July budget deficit surged to $294.14 billion, 19 percent higher than a year ago, according to the Monthly Treasury Statement.
Meanwhile,...
(Mike Maharrey, Money Metals News Service) Since hitting a record high of $3,500 an ounce in April, gold has consolidated and generally traded sideways over the last several months. Some have speculated that the rally might be over, but economist Thorsten Polleit believes the rally is far from over.
In...
(Ken Silva, Headline USA) A newly released inspector general’s report shows that a U.S. Commodity Futures Trading Commission analyst teleworked from at least 10 different countries during the COVID era, when the Biden administration allowed bureaucrats to work remotely.
The CFTC analyst, Malcolm Alexander-Neal, also filed to run for U.S....
(Money Metals News Service) For generations, gold has been more than a metal for Indians — it’s a cherished symbol of prosperity, a key part of wedding traditions, and a store of value passed down through families. From Akshaya Tritiya purchases to wedding dowries, gold holds emotional and financial...
(Money Metals News Service) In this week’s Money Metals Midweek Memo, host Mike Maharrey draws a sharp parallel between preparing for hurricanes and preparing for financial storms.
Using his own recent investment in hurricane panels as a jumping-off point, he warns that most Americans are dangerously unprepared for economic upheaval—whether...
(Brett Rowland, The Center Square) Congress has spent more money than it has collected for the last two decades, allowing the U.S. debt to top $37 trillion for the first time.
Experts expected the U.S. to pass the $37 trillion mark months ago. The Treasury Department marked the milestone in...
(Thérèse Boudreaux, The Center Square) On the day before Social Security’s 90th anniversary, fiscal watchdogs are urging Congress to seriously address the program’s impending funding shortfalls – particularly in light of the now $37 trillion national debt – even as lawmakers met Wednesday to discuss increasing benefits.
“The looming shortfalls...
(Mike Maharrey, Money Metals News Service) The July CPI data indicated moderate price inflation and boosted optimism for a September interest rate cut, even though monetary inflation is on the upswing.
There were no big surprises in the July CPI data, with the numbers generally coming in as forecast. Markets...
(Kenneth Schrupp, The Center Square) California’s annual state spending is up 50% per capita, or $106.3 billion, since 2019, the first year Gov. Gavin Newsom took office, highlighting the state’s growing budget woes.
According to taxpayer advocates, the state government has increased spending, despite the state’s constitutionally-mandated balanced budget requirement,...
(Andrew Rice, The Center Square) The deadline to enact further reciprocal tariffs against China will be extended by 90 days, President Donald Trump announced Monday night.
“ continues to take significant steps toward remedying non-reciprocal trade arrangements and addressing the concerns of the United States relating to economic and national...
(Mike Maharrey, Money Metals News Service) Indian jewelry dealers remain upbeat despite headwinds created by higher prices. They expect demand to rebound in the latter half of the year and are aggressively stocking inventory as the fall festival and wedding season approaches.
India ranks as the second-largest gold market in...