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Tuesday, November 5, 2024

Headline HH/HW Syndication

Boeing Malfunction Leaves Astronauts Stranded in Space

(Molly Bruns, Headline USA) Embattled aircraft manufacturer Boeing left two astronauts stranded in space after an unresolved maintenance issue, according to the Independent. Suni Williams and Butch Wilmore landed on the International Space Station on June 6 on a Boeing Starliner spacecraft, and expected to be there for only a week. Mechanical...

Trump Causes Stir w/ Comments Backing Green Cards for Foreign Grads

(Headline USA) Former President Donald Trump said in an interview posted Thursday he wants to give automatic green cards to foreign students who graduate from U.S. colleges, a sharp departure from the America First rhetoric he typically uses on the campaign trail. Trump was asked about plans for companies to...

Trump Dwarfs Biden in Fundraising after Recent Lawfare Convictions

(Headline USA) Donald Trump's campaign out-raised President Joe Biden by more than $60 million last month, according to federal filings that detailed the Republican fundraising explosion sparked by Trump's felony convictions, in what was widely regarded as a brazen miscarriage of justice weaponized by George Soros-backed Democrats for the...

Biden Funnels $110M to Haiti Despite PM’s Corruption Admission

(Luis Cornelio, Headline USA) The Biden administration will deliver $110 million in taxpayer-funded aid to Haiti, even after the poverty-stricken country’s prime minister raised alarms about rampant corruption within his government.  On Thursday, a Biden official told Reuters that the U.S. will provide the multi-million aid package for security and police assistance. “The...

All Roads Lead to More Inflation

(Mike Gleason, Money Metals News Service) Amid a grim new forecast for the national debt, precious metals markets have been volatile recently. The gold market found support at the $2,300 level last week and has remained well above that level for days. Turning to silver, a big move on Thursday saw...

Real Interest Rates and Why They Matter

(Mike Maharrey, Money Metals News Service) Since the Federal Reserve started raising interest rates, investors have enjoyed higher yields on cash socked away in money market accounts and bonds. Higher yields have created some headwinds for gold as well. Since gold is a non-yielding asset, many people assume they...

Is China Hiding How Much Gold It Really Has?

(Mike Maharrey, Money Metals News Service) A few weeks ago, gold sold off on news that the People’s Bank of China didn’t add any gold to its reserves in May. At the time, I called it a “kneejerk reaction,” and said the news wasn’t “a particularly good reason to sell...

Central Banks’ Appetite for Gold Hasn’t Been Satisfied

(Mike Maharrey, Money Metals News Service) Central banks have been gobbling up gold, and based on responses to the World Gold Council's 2024 Central Bank Gold Reserves Survey, their appetites for the yellow metal aren’t going to be satisfied any time soon. Last year, central banks added a net 1,037...

Indian Gold Demand Remained Strong in May Despite Record Prices

(Mike Maharrey, Money Metals News Service) Indian gold demand remained strong last month despite record prices. India ranks as the world’s number two gold consumer, just behind China.  According to the World Gold Council, there is currently strong, positive consumer sentiment toward gold in India, and it is currently viewed...

Number of Americans Struggling Because of Higher Prices Grows

(Casey Harper, The Center Square) Newly released polling data showed that a large percentage of Americans report that the recent spike in inflation is making it harder to make ends meet. Monmouth University released a poll Wednesday showing 46% of Americans are “currently struggling to remain where they are financially.” That figure...

Want Reliable Money? Stop Trusting Central Bankers

(Jp Cortez, Sound Money Defense League) Author and historian Yuval Noah Harari recently commented that Bitcoin is a currency of “distrust,” emphasizing that “the preference for Bitcoin is based on distrust of human institutions.” He argues that “the whole purpose of money is to create trust between strangers,” enabling...

Gold’s Role as an Inflation Hedge in the 21st Century

(Mike Maharrey, Money Metals News Service) Since mid-2021, we lived through the worst price inflation since the 1970s. CPI peaked in June 2022 at 9.1 percent. During this inflationary period, a lot of people sold gold as evidenced by the rangebound price through most of 2023. Was selling a good...
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