Markets
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Central Banks Fuel Gold Rally While Western Investors Sit Out
(Mike Gleason, Money Metals News Service) As trading wraps up for the month of August, the gold market is set to record its highest-ever monthly closing price. Gold defied expectations, in some circles, of a summer slump. The question seems to be how high the monetary metal will go heading into the fall. Metals markets…
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I’m Not Impressed! Fed Balance Sheet Reduction in Context
(Mike Maharrey, Money Metals News Service) I ran across a post on X by financial planner Charlie Bilello about the trajectory of the Federal Reserve balance sheet. It pointed out that the balance sheet is 20 percent below its April 2022 peak, “the largest drawdown on record.” This struck me as a very odd flex,…
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Understanding the Global Precious Metals Market: Insights from Philip Newman, Managing Director of Metals Focus
(Money Metals News Service) In a recent episode of the Money Metals podcast, host Mike Maharrey sat down with Philip Newman, Managing Director of Metals Focus, to delve into the current state of the global precious metals market. Newman, with nearly three decades of experience in the field, provided a detailed overview of market trends,…
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WATCH: Kamala Reportedly Bombs Friendly Interview w/ CNN, Cuts Short after 18 Min.
(Ben Sellers, Headline USA) Far-left CNN correspondent Dana Bash is fast becoming the Trump campaign’s MVP. For the second time in just over two months, Bash may have helped derail a Democratic presidential candidate, following rumors that her interview with Vice President Kamala Harris and Minnesota Gov. Tim Walz “did not go well,” social media…
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Biden Rages after Courts Block Amnesty Schemes for Illegal Aliens, Student-Loan Deadbeats
(Headline USA) Federal courts this week shut down two different “amesty” schemes that President Joe Biden had pushed as ways to win additional votes while he was still the presumptive Democrat nominee. A federal judge in Texas on Monday paused a controversial Biden–Harris policy to give spouses of U.S. citizens a fast-track to legal status.…
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Jen Psaki and Don Lemon Peeved that Black Voters Support Trump
(Headline USA) MSNBC host Jen Psaki appeared shocked this week when former CNN host Don Lemon told her many black voters he’s talked to said they plan to back former President Donald Trump in November, Mediaite reported. Psaki, who previously served as President Joe Biden’s press secretary, asked Lemon about his recent interviews with voters in…
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‘Frankenstein Campaign’: Staffers Say Kamala’s White House Bid Marked by Tension, Confusion
(Headline USA) Vice President Kamala Harris’s campaign has been marked by tension and confusion in recent weeks as it struggles to come up with a cohesive game plan for the Democrat, according to Axios. Like everything else Harris has been involved in, her campaign staff is apparently a messhttps://t.co/t4dm8CymSE — Mark R. Levin (@marklevinshow) August 29,…
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No Kamala! Inflation Isn’t Because of ‘Record’ Grocery Store Profits
(Mike Maharrey, Money Metals News Service) Kamala Harris blames grocery store profits for price inflation. She has even floated a plan to prohibit food “price gouging” that sounds a lot like price controls. You have to give Harris credit for smart politicking. The “greedy corporations” trope plays well with a lot of Americans. In fact,…
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From Price Controls to Mass Starvation
(Peter St. Onge, Money Metals News Service) From taxes to spending, Kamala is the most left-wing major party candidate since George McGovern — who proposed a Universal Basic Income in 1972 and went on to win a single state. But her most hare-brained scheme — so far — has been price controls, where she’s to…
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Holding Gold Yields Better Returns Than Mining for It
(Stefan Gleason, Money Metals News Service) With spot gold prices at record highs, investors might expect that shares of precious metals mining companies are also trading at record highs. By and large, that is not the case. Mining stocks, as represented by the HUI Gold BUGS Index, are still underwater by more than 40% compared…
