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Saturday, November 23, 2024

FINANCE

Understanding the Bullish Case for Silver: Insights from Peter Krauth

(Money Metals News Service) In a recent interview on the Money Metals podcast, host Mike Maharrey sat down with Peter Krauth, a seasoned precious metals expert and author of The Great Silver Bull. During their discussion, Krauth shared valuable insights on the current and future state of the silver market, highlighting...

Gold Demand in Tech and Industry Up in Q3

(Mike Maharrey, Money Metals Exchange) Gold is fundamentally money, but there is demand for the yellow metal in industry and technology.  Industrial and tech demand accounted for 83 tons of gold in the third quarter, a 7 percent year-on-year increase. It was a 2-ton increase quarter to quarter. So far, in...

Average Rate on 30-year Mortgage in U.S. Rises for 6th Straight Week

(Headline USA) The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July. The rate ticked up to 6.79% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the...

How to Protect Yourself from Scammers Offering Fake Jobs

(Headline USA) Between finding openings, sending out your resume and interviewing, looking for a job is tough. Now a growing trend of scammers impersonating recruiters is making it even harder. In the last year, job scams have been on the rise, according to Eva Velasquez, president and CEO of the Identity Theft Resource...

Ex-Girlfriend of Sam Bankman-Fried Begins 2-Year Sentence for Role in FTX Fraud

(Headline USA) Caroline Ellison, a former top executive in Sam Bankman--Fried’s fallen FTX cryptocurrency empire, began her two-year prison sentence Thursday for her role in a fraud that cost investors, lenders and customers billions of dollars. Ellison, 30, reported to the federal prison in Danbury, Connecticut, according to the Federal Bureau...

Iconic Voice of AOL’s Early Internet Greeting Dies at 74

(Headline USA) Elwood Edwards, who voiced America Online’s ever-present “You’ve got mail” greeting, has died. He was 74. He died Tuesday at his home in New Bern, North Carolina, said his daughter Heather Edwards. The cause was complications from a stroke late last year, she said. Edwards taped his AOL greeting in...

Feds Sending Millions in Helene Funding for National Forests, Parks

(Derek Draplin, The Center Square) Federal lands in western North Carolina are set to receive more than $30 million in emergency funding for infrastructure repairs in the wake of Hurricane Helene. The funding comes as part of $43 million total that the U.S. Department of Transportation’s Federal Highway Administration is...

Trump Trolls Kamala, Offers to Pay Off Her Humiliating $20M Debt

(Luis Cornelio, Headline USA) President-elect Donald Trump responded to the humiliating news that Kamala Harris's defeated campaign is $20 million in debt following extravagant concerts and costly consulting payments.  In a Saturday post on Truth Social, Trump mockingly offered to help pay off the debt, boasting about his successful campaign’s surplus...

California’s New Gas, Diesel Fees to Boost Prices Nearly $0.50 a Gallon

(Kenneth Schrupp, The Center Square) Despite a rising tide of Democratic opposition and the majority of California counties voting for president-elect Donald Trump, California regulators voted to pass an estimated $105 billion in EV charging credits and $8 billion of hydrogen credits largely paid for by fees on gasoline...

Fed Chairman Powell Defiant in Response to Trump Election

(Mike Gleason, Money Metals News Service) It’s been a historic week in American politics as well as in financial markets. Following Donald Trump’s triumph at the ballot box, the S&P 500 spiked to a new record high. Investors were in part relieved that the presidential election resulted in a clear...

Europe Is Finalizing Preparations for a Gold Standard

(Jan Nieuwenhuijs, Money Metals News Service) Countries outside the eurozone but inside the European Union, i.e., those that one day might join the eurozone—like Poland, Hungary, and the Czech Republic, are positioning for a new gold standard. To prepare for a monetary system based on gold, they are buying gold...

MAHARREY: Fed Cuts Interest Rate; Powell Walks a Messaging Tightrope

(Mike Maharrey, Money Metals News Service) Unsurprising and bland. Those words pretty much sum up the November Federal Reserve meeting. As anticipated, the Fed cut interest rates by another quarter point. This sets the current interest rate in a range between 4.5 and 4.75 percent. The messaging coming out of the...
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