Central Banks’ Gold Rush Continues as Citi Predicts Price Pullback
Citigroup has issued a bearish call on gold, predicting it could drop to $2,500 or lower next year after its record-breaking rally. However, UBS senior adviser Brendan O’Connor remains bullish, maintaining a year-end price target of $3,500 for gold, citing strong fundamentals like central bank demand and geopolitical tensions. O’Connor…
Silver Closes Above $37 for First Time in 14 Years
Brandon Sauerwein, Editor Yesterday, silver did something it hasn’t done in 14 years: closed above $37.12. This isn’t just another price milestone. It’s the breach of a resistance level that’s held firm since 2011 — through multiple bull runs, global crises, and monetary upheavals. The momentum is undeniable: Mike Maloney has…
Mali Breaks Ground on Regional Gold Refinery to End Decades of Raw Ore Exports
Mali has broken ground on a new gold refinery backed by Russia’s Yadran Group and a Swiss investment company. The 200-ton capacity facility, in which Mali holds a controlling stake, represents a major shift in how the West African nation manages its gold resources. Once operational, all gold mined in…
CBO Analysis: Trump Tax Cuts to Add $2.8 Trillion to National Debt
President Trump’s tax cuts package would increase federal deficits by $2.8 trillion over the next decade, according to a new Congressional Budget Office analysis that factors in economic impacts. This is higher than the earlier estimate of $2.4 trillion and includes $441 billion in additional interest payments on federal debt….
Silver Just Did Something It Hasn’t Done Since 2011
Yesterday marked a significant milestone for precious metals investors: silver closed above $37.12, a level not seen since 2011. This breakthrough represents more than just another number — it’s the confirmation of a major technical breakout that Mike Maloney predicted months ago. The “Slingshot Move” Unfolds Back when silver was…
Fed Expected to Keep Rates Unchanged as Economic Uncertainty Persists
Federal Reserve policymakers are widely anticipated to hold interest rates steady at their Wednesday meeting, continuing their cautious approach amid economic uncertainty. The central bank has kept rates in the 4.25%-4.5% range since earlier this year, as officials seek more clarity on how government policy changes—especially trade tariffs—will affect the…
Gold Dips Ahead of Fed Decision While Middle East Tensions Provide Support
Gold prices dropped slightly on Wednesday as investors held back before the Federal Reserve’s interest rate decision. While the Fed is expected to keep rates unchanged, traders are looking for hints about future rate cuts. The ongoing Israel-Iran conflict is preventing gold prices from falling too much, as geopolitical tensions…
An Open Letter To The President: Addressing Our Debt
An Open Letter To The President: Addressing Our Debt Authored by Thomas W. Smith via RealClearPolitics, Donald J. Trump The Mar-a-Lago Club 1100 South Ocean Boulevard Palm Beach, Florida Dear President Trump: I voted for you in all three of your presidential campaigns. The first time, I cast my vote with cautious optimism. The third […]
Is The Silver Bull Finally Here?
Is The Silver Bull Finally Here? With silver classically lagging behind gold during the yellow metal’s stunning recent rise, Peter Schiff believes the long-anticipated bull market for silver is finally here in earnest. And in a bull market, silver tends to outperform gold – once it finally catches up. We have covered Silver’s recent run extensively: If […]
Republicans Split on Senate’s $5 Trillion Debt Ceiling Tax Package Despite Business Wins
The Senate Finance Committee has released its version of President Trump’s major tax bill, featuring significant changes from the House version. Key business wins include permanent corporate tax deductions for capital investments and interest expenses, though a controversial “revenge tax” on foreign businesses remains. The bill includes modified provisions for…