Monday, June 30, 2025

FINANCE

Booming Breakfast Biz Exacerbates Egg-Supply Issues Caused by Biden Bird Flu

(Headline USA) It's a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the...

Trump’s Trade of Munitions for Mining Rights Would Hasten Bretton Woods III

(Peter C. Earle, Money Metals News Service) US President Donald Trump has proposed supplying Ukraine with ongoing military aid in exchange for access to its abundant reserves of rare earth minerals — elements critical to high-tech industries and defense applications. This proposal aligns with Trump’s long-standing perspective on leveraging...

South Korea Mint Pauses Gold Bar Sales as Supply Squeeze Intensifies

(Mike Maharrey, Money Metals News Service) South Korea's mint has temporarily suspended the sale of gold bars as the rapid movement of physical gold and silver to the U.S. continues to send ripples through the precious metals markets. As Bloomberg put it, this adds to signs of "widespread tightness across markets for physical precious...

The Growing Risk of Stagflation Bodes Well for Gold & Silver

(Jesse Colombo, Money Metals News Service) U.S. inflation expectations have surged over the past few months, and this has been a bullish driver for gold and silver. Yesterday, the U.S. Consumer Price Index came in hotter than expected, reinforcing those inflation concerns and raising the specter of stagflation as economic growth...

CPI Rises for Fourth Straight Month

(Mike Maharrey, Money Metals News Service) It's getting harder and harder to pretend the inflation problem isn't a problem. Last month, the markets and the mainstream media threw a party when the CPI data came in "cooler than expected." CNBC led with this rosy summary. “U.S. stocks popped on Wednesday...

Gold Hits 40 Record Highs—Is the West Missing the Boat?

(Money Metals News Service) Gold prices have once again shattered records, reaching $2,900 per ounce for the first time in history, as demand for the yellow metal continues to surge worldwide. According to Mike Maharrey, host of the Money Metals Midweek Memo podcast, 2024 has already seen 40 record-high gold prices, underscoring...

Report: New York Times Hires Zoom Masturbator Jeffrey Toobin

(Ken Silva, Headline USA) Puck News reporter Dylan Byers reported Wednesday that the New York Times has hired CNN legal analyst Jeffrey Toobin, who achieved infamy in 2020 when he masturbated on a Zoom conference call in front of his colleagues. “Transfer news: famed legal analyst @JeffreyToobin is joining New York...

ETFs Kick Off 2025 By Adding More Gold

(Mike Maharrey, Money Metals News Service) In January, European gold-backed ETFs charted the largest inflow of metal in more than two years, driving global ETF gold holdings higher to kick off 2025. Gold-backed funds globally reported net gold inflows of 34.5 tonnes last month, adding $3 billion to their holdings. Total...

Gold Surpasses $2900 Per Ounce

(Peter C. Earle, Money Metals News Service) Gold has surged to a new all-time high, breaking through $2,911.72 per ounce on a thick mix of domestic and foreign uncertainty, inflation concerns, and a shifting macroeconomic landscape. While bullion has historically served as a safe-haven asset, the latest rally is...

Harry and Meghan Implicated in Biden Crime Family Scheme

(Ken Silva, Headline USA) The Daily Mail reported Tuesday that Prince Harry and Meghan Markle’s charitable foundation made a $250,000 donation to an organization run by then-President Joe Biden’s daughter, Ashley Biden. The couple’s donation to Ashley Biden’s “Women’s Wellness (Spa)ace” was disclosed in an impact report last December from...

Chinese Insurers Set to Intensify China’s Gold Rush

(Jesse Colombo, Money Metals News Service) China's futures traders have been the driving force behind gold’s extraordinary $400 surge in March and April 2024. However, these traders have been relatively quiet since then. My theory is that as gold heats up again, they will return, triggering a parabolic rally to $3,000...

What the Heck Happened to the Penny?

(Mike Maharrey, Money Metals News Service) When I was a little kid, one of the highlights of a trip out with my grandmother was getting a penny to stick in the gumball machine. Back in the early 1970s, a penny would get me several small gumballs or one giant...
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