Monday, June 30, 2025

FINANCE

Platinum Surges Past Another Hurdle in Relentless Rally

(Jesse Colombo, Money Metals News Service) After yesterday's 4.49% surge, platinum has broken through the key $1,200 to $1,300 resistance zone that had been a major hurdle—an encouraging bullish signal. Last week, I published a detailed report on the bullish case for platinum—even though my usual focus is on gold and silver....

Central Banks Double Down on Gold as Dollar Demand Weakens

(Money Metals News Service) This week’s Money Metals Midweek Memo podcast, hosted by Mike Maharrey, delivers a sharp and timely analysis of the accelerating global pivot away from the U.S. dollar and the growing strategic importance of gold. Maharrey ties together current events, economic indicators, and monetary trends to highlight how central...

DNC Flat Broke, Considering Loans to Stay Afloat

(Luis Cornelio, Headline USA) The Democratic National Committee may soon find itself in the red and forced to take out loans just to keep operations running after its disastrous 2024 performance and internal fights over how to counter President Donald Trump’s second-term agenda.  The DNC’s financial woes were reported Wednesday by...

CBO: GOP Budget Would Boost Deficit by Trillions When Considering Growth

(Caroline Boda, The Center Square) Republican’s massive tax and spending bill would increase the U.S. deficit by $2.8 trillion over 10 years when the economic growth of the bill is taken into account, the Congressional Budget Office says. CBO previously projected that the budget reconciliation bill would increase the deficit...

Democratic Party-Aligned Group Covertly Working w/ Arizona AG in ‘Fake Electors’ Case, Court Filing Reveals

(Ken Silva, Headline USA) In May 2023, Arizona Attorney General Kris Mayes hired a non-profit group called “States United Democracy Center” to help target conservatives who dared contest the state’s controversial 2020 election results. About 11 months later, Mayes announced indictments in Arizona’s so-called “fake electors” case. Fast forward another...

Vietnam Central Bank Set to End Gold Import Monopoly

(Mike Maharrey, Money Metals News Service) The Vietnamese gold market is about to undergo significant reforms that could boost competition, lower prices, and increase supply. A government decree will open the door for eligible banks and enterprises to import gold into the country and produce bullion. Currently, the Saigon Jewelry...

Survey Indicates Central Banks Plan to Keep Buying Gold

(Mike Maharrey, Money Metals News Service) Central banks have gobbled up over 1,000 tonnes of gold for three straight years, and most central bankers think the buying trend will continue. Last year was the third-largest expansion of central bank gold reserves on record, coming in just 6.2 tonnes lower than...

Watchdog: Millionaires Enrolled in Medicaid, Costing America Billions

(Tom Joyce, The Center Square) It's not just lower-income people or those with disabilities using Medicaid in the United States. A new investigation led by the Patient First Coalition found that tens of thousands of wealthy people remain enrolled in Medicaid, the taxpayer-funded health insurance program meant for low-income and...

Chicago Mayor Introduces ‘Reparation’ Grants for Black Residents Only

(Luis Cornelio, Headline USA) Chicago Mayor Brandon Johnson raised eyebrows Monday by announcing a taxpayer-funded grant program for descendants of slavery — suggesting it would be reserved exclusively for black residents.  Johnson, a far-left Democrat, unveiled the program at a Juneteenth event, framing it as part of his broader reparations agenda, launched...

IMF Wants Gold-Back ZiG to Be Zimbabwe’s Only Currency

(Mike Maharrey, Money Metals News Service) The International Monetary Fund (IMF) supports the Zimbabwe gold-backed ZiG “fully becoming a national currency.” Currently, the U.S. dollar serves as the country’s primary currency, with about 80 percent of the country’s transactions using greenbacks. Also known as Zimbabwe Gold, the ZiG is a structured currency backed...

Business as Usual: Another Big Budget Deficit in May

(Mike Maharrey, Money Metals News Service) After running a surplus in April thanks to tax day, the federal government was back to business as usual in May, spending massive amounts of money and charting another big budget deficit. At $316 billion, the May budget shortfall was the second-largest of the fiscal year....

Ex-Illinois House Speaker Gets 7.5 Years in Prison, $2.5 Million Fine for Corruption

(Jim Talamonti, The Center Square) A federal judge sentenced Michael Madigan Friday to seven-and-a-half years in prison and ordered him to pay a fine of $2.5 million for crimes committed during his tenure as the longest-serving speaker of the Illinois House of Representatives. Judge John Robert Blakey handed down the...
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