Californians Falling Behind On Bill Payments Amid Soaring Debt Levels
Californians Falling Behind On Bill Payments Amid Soaring Debt Levels Authored by Kimberly Hayek via The Epoch Times, Californians are falling behind on their bills amid the highest per capita debt levels since 2008, according to debt statistics by the Federal Reserve Bank of New York in its most recent Quarterly Report on Household Debt and […]
America’s Two-Speed Economy: How the Rich Are Driving Spending
America’s economy is now running on two separate tracks. The top 10% of households—those earning over $250,000 yearly—account for half of all consumer spending and a third of GDP, according to Moody’s Analytics. This concentration of spending power has reached record levels since tracking began in 1989, nearly doubling from…
Gold Forms Bearish Pattern but $2,800 Support Level Holds the Key
Gold markets faced substantial headwinds last week, creating a bearish engulfing candlestick pattern that signals potential further weakness in the immediate future. Technical analysis points to a critical support zone around $2,800, which aligns with a significant trend line, the 50-day Exponential Moving Average, and previous swing high resistance-turned-support. The…
Tariff Panic Drives 600 Tons of Gold into US Vaults as Market Braces for Impact
Over 600 tons of gold (nearly 20 million ounces) has flooded into New York City vaults since December as traders rush to stockpile the precious metal ahead of Donald Trump’s impending tariffs. Initially targeting Canada and Mexico with 25% tariffs set to take effect next week, market fears have expanded…
Gold’s Historic Run Hits Pause Button | Goldman Still Targets $3,100
Brandon Sauerwein, Editor Gold’s Record Rally Pauses: Strategic Opportunity or Warning Sign? Gold’s remarkable eight-week winning streak has finally taken a breather, with prices retreating from Monday’s record high of $2,956.19 to around $2,850 — marking the first weekly decline of 2025. This healthy pullback comes amid a strengthening dollar…
Goldman Sachs Forecasts Gold to Hit $3,100 by End of 2025
Despite the recent price pullback, Goldman Sachs has raised its gold price forecast to $3,100 per troy ounce by the end of 2025, representing an 8% increase from current levels. This bullish outlook is driven primarily by strong central bank demand, as countries have been increasing their gold reserves since…
India’s Gold Demand Picks Up While Chinese Imports Hit 21-Month Low
Gold demand in India has begun to improve this week as prices retreated from record highs, though many buyers remain cautious. Dealers reduced discounts to $12-$27 per ounce from last week’s $35. Meanwhile, Chinese gold imports via Hong Kong fell significantly in January, hitting their lowest level since April 2022….
Profit-Taking and Tariff Concerns Push Gold to First Weekly Loss of 2025
Gold prices have fallen for the first weekly loss of 2025, trading near $2,860 an ounce after hitting a record high of $2,956.19 earlier this week. President Trump’s announcement of impending tariffs on Canada, Mexico, and additional levies on China has strengthened the US dollar, making gold less attractive to…
Even The NYT Is Saying, “Buy Gold”
Even The NYT Is Saying, “Buy Gold” Via SchiffGold.com, A recent piece in the New York Times encouraged readers to buy gold, noting its record-breaking run since 2020. However, what the article gets wrong is associating the phenomenon with presidential policies instead of central bank monetary policy. Treasury policies can contribute to money supply growth by issuing […]
Trump Proposes $5 Million ‘Gold Card’ Green Cards to Chip Away at National Debt
President Trump has proposed a “gold card” program offering permanent U.S. residency to wealthy foreign individuals and companies willing to pay $5 million. Trump claims selling a million cards could generate $5 trillion toward reducing the national debt. The plan would replace or supplement the existing EB-5 program, which currently…