Economy
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Money Metals Midweek Memo Recap: Jerome Powell’s Testimony and Platinum’s Potential
(Money Metals News Service) In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey provides a comprehensive overview of Federal Reserve Chairman Jerome Powell’s recent testimony and delves into the investment potential of platinum. Jerome Powell’s Testimony: Market Movements and Rate Cuts Federal Reserve Chairman Jerome Powell’s testimony on Capitol Hill had…
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Gold’s Breaking Records: But This Metal May Beat It…
(Lau Vegys, Money Metals News Service) 102% – That’s how much silver has rallied since it bottomed during the pandemic crash in March 2020. If you haven’t been following silver, this may come as a surprise. After all, gold’s been getting most of the attention after it hit new all-time highs, surging past $2,400 an…
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Target to Stop Accepting Personal Checks on July 15
(Headline USA) Target will no longer accept personal checks from shoppers as of July 15, another sign of how a once-ubiquitous payment method is going the way of outmoded objects like floppy disks and the Rolodex. The Minneapolis-based discounter confirmed the move in a statement to the Associated Press on Tuesday, citing “extremely low volumes”…
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Is It Time to Get Bullish on Platinum?
(Mike Maharrey, Money Metals News Service) Is now a good time to get bullish on platinum? I’ve written a lot about the fact that silver appears to be underpriced given both technical factors and the supply and demand dynamics. Platinum may be even more undervalued. The current platinum price is hovering around $1,000 an ounce.…
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Americans Back to Running Up Credit Card Debt in May
(Mike Maharrey, Money Metals News Service) After paying down credit card debt in April, American consumers went back to running up the plastic in May. But borrowing for big-ticket items remained sluggish, indicating consumers are still struggling to make ends meet in this inflationary environment. Total consumer debt increased by another 11.3 billion in May,…
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Red State’s Capital City Considers Measure to Limit Tourists on Saturdays
(Headline USA) Each year, a crush of tourists arrives in Alaska’s capital city on cruise ships to see wonders like the fast-diminishing Mendenhall Glacier. Now, long-simmering tensions over Juneau’s tourism boom are coming to a head over a new voter initiative aimed at giving residents a respite from the influx. A measure that would ban…
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NYC Lux Hotels Pocket $1B to House Illegals at Taxpayers’ Expense
(Luis Cornelio, Headline USA) Taxpayers are footing a hefty bill for New York City’s hotel industry, which has received over $1 billion to house illegal aliens in former luxury hotels, reported the New York Post on Saturday. A staggering $1.98 billion in tax dollars has been allocated toward housing, including hotels across the city’s five boroughs.…
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Precious Metals Outperforming Stocks Despite ‘Magnificent Seven’ Hype
(Clint Siegner, Money Metals News Service) If you ask average investors what the best-performing asset class is year-to-date, the vast majority of them would get it wrong. The correct answer isn’t stocks, but rather precious metals (led by silver). Most investors would have no idea that silver is up 32% year to date because they…
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Trump Wants ‘No Holds Barred’ Debate w/ Biden
(Dmytro “Henry” Aleksandrov, Headline USA) Donald Trump challenged Joe Biden on July 4, 2024, to another debate, this time without moderators, microphone muting and other things that would benefit the senile old man. “I have the answer to the Crooked Joe Biden Incompetence Puzzle — Let’s do another Debate, but this time, no holds barred – An…
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BREAKING: Biden Could Decide to Exit 2024 Race on Sunday
(Luis Cornelio, Headline USA) Sunday could mark the formal beginning of President Joe Biden’s end as the presumed presidential nominee of the Democratic Party. Biden has summoned his family for an apparent emergency meeting to discuss whether he should exit the 2024 race. The move came after Americans witnessed his senility and declining health during his CNN…
