(Mike Maharrey, Money Metals News Service) A recently announced Chinese economy stimulus package could provide a shot in the arm for the Chinese gold market.
China ranks as the world's number one gold consumer.
World Gold Council China analyst Ray Jia called it a "stimulus bazooka." Reuters called it "the biggest stimulus since the...
(Mike Maharrey, Money Metals News Service) The desire to unseat the dollar as the global reserve currency is strong, but it’s easier said than done. And it doesn't appear the BRICS bloc is quite up to the task - yet.
Russia, in particular, has pushed hard for the BRICS nations...
(Brett Rowland, The Center Square) The U.S. Department of Education's proposed rules for student-loan forgiveness could cost taxpayers up to $600 billion, far more than the department estimated, according to budget watchdogs.
The Department of Education announced Friday another amnesty effort, despite a ruling from the U.S. Supreme Court that...
(Dmytro “Henry” Aleksandrov, Headline USA) Republican presidential nominee Donald Trump recently announced that if he becomes president of the United States, he could abolish the income tax, making the IRS obsolete.
Trump said this during a town hall segment with Fox News at a barbershop in the Bronx, New York City.
"With...
(Mike Maharrey, Money Metals Exchange) While everybody was watching the gold and silver bulls run, the price of palladium shot up by about 8 percent on Thursday (Oct 24).
In fact, palladium is up by around 27 percent since earlier this month, having spiked from $922 an ounce to over $1,195 today.
What...
(Mike Maharrey, Money Metals News Service) HSBC Hong Kong announced it will formally join China’s Cross-Border Interbank Payment System (Cips).
The move is yet another body blow to dollar dominance. According to the Financial Times, it will give “the world’s biggest player in trade finance a key role in Beijing’s push to...
(Luis Cornelio, Headline USA) Prime Minister Justin Trudeau had a come-to-Jesus moment on Thursday, signaling a major shift against immigration and suggesting he wants to make Canada great again.
Trudeau announced plans to slash drastically the number of foreign workers admitted into Canada, demanding businesses hire Canadian nationals.
“We’re going to...
(Headline USA) The editorial editor for the Los Angeles Times quit in protest after the newspaper’s owner blocked a decision to endorse Vice President Kamala Harris.
“I am resigning because I want to make it clear that I am not OK with us being silent,” Mariel Garza told the Columbia Journalism...
(Mike Maharrey, Money Metals News Service) Indian gold demand slowed somewhat in September but already appears to be on the rebound.
Gold demand surged this summer after the Indian government cut taxes on gold and silver imports by more than half, lowering duties from 15 percent to 6 percent. The domestic gold...
(Jesse Colombo, Money Metals News Service) After silver broke through the key technical levels I had been monitoring and writing about on Friday, surging 7% in a single day, I released an in-depth report on the upcoming silver bull market and why it would likely evolve into a silver squeeze.
In this...
(Money Metals News Service) In the latest Money Metals Midweek Memo, host Mike Maharrey highlights the growing U.S. national debt, which now exceeds $35.7 trillion.
Maharrey begins the episode with a reference to the Apollo 13 mission, saying, “Washington, we have a problem.” He draws parallels between the crisis faced by...
(Brien Lundin, Money Metals News Service) Forget Halloween -- what's happening in the markets right now is what should really frighten you.
There’s been red all over the screen as the global bond sell-off continues...
If you’ve been listening to the major financial media this week, you’ve noticed the concern in...