Headline HH/HW Syndication
Industrial and Tech Demand for Gold Surged in Q1
(Mike Maharrey, Money Metals News Service) Industrial and tech demand for gold rebounded in the first quarter, rising 10 percent year over year.
Industrial and technological applications consumed about 79 tons of gold in Q1, according to data compiled by the World Gold Council.
At the aggregate level, all four major...
Americans Aren’t Convinced the Fed Is Winning the Inflation Fight
(Mike Maharrey, Money Metals News Service) Fed officials and people in the Biden administration insist "we" are making progress in tamping down price inflation. Many market analysts are optimistic enough to believe that the central bank will be able to cut interest rates this fall.
But the average American isn't...
Newsom Blames Budget Shortfall on Climate Change, not Policy Failures
(Jacob Bruns, Headline USA) When confronted with the state of California's disastrous financial situation, Democratic Gov. Gavin Newsom cited climate change in a recent interview as the reason for the state's lack of funds.
"Can we explain to Californians how we move from a $100 million surplus to such a...
U.S. Government Ran Big Surplus in April But Don’t Get Excited
(Mike Maharrey, Money Metals News Service) The U.S. government ran a rare surplus in April, but don’t get too excited. The Biden administration hasn’t slowed down the spending train, and more budget shortfalls loom on the horizon.
The Biden administration ran a $209.5 billion surplus in April thanks to an...
Platinum Market Faces Decade-High Supply Shortage
(Mike Maharrey, Money Metals News Service) I’ve written extensively about supply shortfalls in the silver market. Silver demand outstripped the supply of the metal for the third straight year in 2023. But silver isn’t the only metal facing market deficits. Analysts expect the platinum market to chart its largest...
Will the United States Become the Next Argentina?
(Stefan Gleason, Money Metals News Service) Let’s give credit where credit is due. Facing down a record-high budget deficit and an entrenched inflation problem, the government is finally embracing fiscal responsibility in a significant way.
Thanks to sweeping spending cuts enacted this year, the government has posted three consecutive monthly...
White House Proposes New Taxes as Inflation Rages
(Mike Gleason, Money Metals News Service) As inflation continues to put the squeeze on consumers, precious metals markets are back on the move.
A solid close above the $2,400 level should set the stage for another push to new record highs. We’ll see if that is in the cards in...
The Resurgence of Gold and Silver as Legal Tender: An Interview with Jp Cortez on Kitco News
(Money Metals News Service) In a recent episode of Kitco News, host Jeremy Szafron spoke with Jp Cortez, Executive Director of the Sound Money Defense League, about the resurgence of gold and silver as legal tender in the United States.
This initiative, led by Sound Money Defense League and Money Metals Exchange,...
Meet the Little Chinese Car Threatening a ‘Bloodbath’ for U.S. Auto Industry
(Headline USA) A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling.
The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together with craftsmanship that rivals U.S.-made electric vehicles that cost three times as much. A...
Corruption Trial Begins for Sen. Bob Menendez, Two Alleged Co-Conspirators
(Headline USA) Jury selection was scheduled to start Monday in the trial of Sen. Bob Menendez, a Democrat charged with accepting bribes of gold and cash to use his influence to deliver favors that would aid three New Jersey businessmen.
Menendez, 70, will stand trial in Manhattan federal court along with two of...
Senators from 17 States Want Postal Service to Pause 10-year Plan to Save $160B
(Joe Mueller, The Center Square) – A bipartisan group of 26 U.S. senators from 17 states are urging leaders of the U.S. Postal Service to delay execution of its strategic plan.
“We call on you to pause planned changes to the U.S. Postal Service’s processing and delivery network under the ‘Delivering...
Vance Wants to Cut Aid from Schools that Don’t Remove Camps
(J.D. Davidson, The Center Square) – U.S. Sen. J.D. Vance wants to withhold federal money from colleges and universities across the nation that refuse to remove disruptive encampments from the campuses.
The Ohio Republican said pro-Palestinian protesters that have emerged on campuses over the past several weeks hate America and...
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