News

What is happening in the gold market is stunning.

Stocks Hit Session Highs On Report Hassett Emerges As Trump's Next Fed Chair Pick White House National Economic Council Director Kevin Hassett is the front runner to succeed Fed Chair Powell, according to Bloomberg, citing people familiar with the matter. Speaking on CNBC earlier, Treasury Secretary Bessent said that President Trump could announce his choice before Christmas. The pick could very well be a trial balloon: for a long time the frontrunner was viewed as Fed governor Chris Waller, although his odds faded in recent weeks, amid speculation that Hassett was Trump's […]

Things Are Moving Fast All Over By Michael Every of Rabobank Do You Get The Points? First, we had a surprise 28-point US plan for Ukraine; then Europe responded with a 27-point plan, a separate 24-point plan from the E3 (UK, France, Germany), and vague 6-points from EC President von der Leyen. Now we have a revised 19-point US-Ukraine plan, following bilateral discussions, which reportedly doesn’t favor Moscow and leaves the most contentious issues for direct Trump-Zelenskyy talks to be held imminently. Apparently, it proposes a ceasefire along current lines; a raised cap on […]

The Google TPU: The Chip Made For The AI Inference Era By UncoverAlpha As I find the topic of Google TPUs extremely important, I am publishing a comprehensive deep dive, not just a technical overview, but also strategic and financial coverage of the Google TPU. Topics covered: The history of the TPU and why it all even started? The difference between a TPU and a GPU? Performance numbers TPU vs GPU? Where are the problems for the wider adoption of TPUs Google’s TPU is the biggest competitive advantage of its cloud business for the next 10 years How many TPUs does Google […]

Zelensky Seeks Urgent Meeting With Trump To Negotiate Territorial Concessions 'Sticking Point' Directly Update(1155ET): Since the early morning hours there's been a steady walk-back on initial headlines that Ukraine has 'agreed' to the Trump-proposed peace plan, which has now been condensed to 19 points (down from the initial 28). The White House now says the few issues remaining in talks to end the war are "delicate" but "not insurmountable" - which means that no, the negotiating parties are not at the goal line - and may not actually be all that close. As for President […]

EU Approves €1.5BN Plan To Build Up Ukraine's Military-Industrial Sector Even as the Trump-backed Ukraine peace plan is said to be advancing as negotiations intensify ahead of a Washington-imposed deadline of Thursday, the European Union continues its efforts to ramp up support to Ukraine's defense sector. On Tuesday European Parliament voted to approve a 1.5 billion euros ($1.7bn) program which seeks to deepen integration between Ukraine and Europe on military-industrial relations. File image via CEPA "We shall be powerful geopolitically if we shall be strong in our […]

Imam At CUNY Reportedly Calls For Fingertips Of "Filthy Rich" To Be Cut Off Under Sharia Law Authored by Jonathan Turley, The City College of New York campus began the latest example of anti-Semitic and extremist speech this week after Abdullah Mady, a student and self-proclaimed Imam, refused to sit next to a Jewish speaker and called for the tips of the fingers of “the filthy rich” to be cut off in accordance with Sharia law. Mady sparked a walkout of Muslim attendees at an interfaith religious event after objecting to the fact that he was seated next to Ilya Bratman, […]

"Clean Out The Garage": Dick's Sporting Goods Set To Shutter Some Foot Locker Stores Dick's executive chairman Ed Stack told CNBC senior retail reporter Courtney Reagan that it will close an unspecified number of Foot Locker stores as part of a major restructuring to prevent the newly acquired chain from dragging on profitability. "We need to clean out the garage," Stack told Reagan. "We've taken pretty aggressive markdowns to clean out old merchandise. We're impairing some store assets. We'll close some stores… everything we're doing is there to protect 2026 and just kind […]

Is socialism really “on the way,” or has the U.S. already crossed the line? Mike Maloney and Alan Hibbard break down the systems, incentives, and policies that reveal how deeply government control is embedded in everyday American life — and why it matters for anyone protecting their financial future.

Trump Ignites 'Genesis Mission': Manhattan Project-Scale AI Onslaught Authored by Steve Watson via Modernity.news, President Trump signed a landmark executive order Monday, unleashing the “Genesis Mission”—a colossal, coordinated national crusade modelled after the Manhattan Project to turbocharge AI-driven scientific breakthroughs and cement U.S. technological hegemony. The audacious blueprint seeks to harness the world’s largest federal data trove, supercomputers, and 40,000 elite scientists to obliterate global rivals, slash energy costs, boost jobs, and unlock […]

Trump's $21 trillion investment claim shrinks to $3 trillion under scrutiny, while delayed GDP reports and disappointing retail sales raise questions about data integrity and economic strength. With consumers tapped out from years of rising costs and producer prices jumping again, the economic picture is murkier than ever. Meanwhile, China's...

Johnson Warns White House Against Extending Obamacare Subsidies House Speaker Mike Johnson has warned the Trump administration that House Republicans aren't gonna go for an extension of enhanced Affordable Care Act subsidies - a plan which was leaked to the media before the White House backed off from announcing it yesterday. According to the WSJ, Johnson held a Monday call with administration officials as Trump advisers were drafting a healthcare plan that would include an enhanced ACA extension for two years. Several Republicans objected to the taxpayer-funded […]

US Consumer Confidence Tumbles To Worst Since Liberation Day Following the collapse in Current Conditions sentiment among Americans surveyed by UMich, The Conference Board confirms the collapse in confidence this morning with the headline print dropping to 88.7 in November (well below the 93.3 exp) following a small upward revision for October. The slump was led by Expectations (which plunged to 63.2 from 71.8) but the Present situation gauge also fell to 126.9 from 131.2. Source: Bloomberg That is the lowest headline sentiment since April (Liberation Day). “Consumer […]

Six Dead As Russian Missiles Pummel Kiev, Even As Trump's Peace Deal Advances The Ukrainian capital was once again pummeled overnight, as Russia unleashed a barrage of at least 22 missiles on the city, in what the Ukrainian minister of energy called a "massive" attack on energy infrastructure. Accompanying this at least 460 drones were sent against various areas of Ukraine, with several reportedly breaching either Moldova or Romania, according to a statement from President Zelensky. By morning, authorities reported at least six killed and another 13 injured in the attacks. Via […]

"Geographic Rotation Is Striking": Home Prices Are Falling In A Majority Of US Cities US home prices in the 20 largest cities rose 0.13% MoM in September (very slightly better than the 0.1% rise expected) and up for the second month in a row (after falling for five straight months before). This MoM rise left the average priers up just 1.36% YoY - the lowest since July 2023... Source: Bloomberg This (admittedly lagged and smoothed) data fits with the recent trend from Zillow that homes have lost value... “As of October 2025, 53 percent of homes have lost value over the […]

Amazon Announces $50B Plan For Dedicated Government AI Supercomputing Amazon Web Services is making a major push into government-focused artificial intelligence and supercomputing, announcing plans to build the first AI- and HPC-dedicated cloud infrastructure designed specifically for U.S. federal agencies, according to Amazon's PR. The company said it will invest up to $50 billion beginning in 2026 to expand capacity across AWS Top Secret, AWS Secret, and AWS GovCloud (US), adding nearly 1.3 gigawatts of advanced compute power. The expansion will give agencies access to a […]

Stock Rally Falters As Nvidia-Google AI Rivalry Intensifies US futures are flat, having rebounded from session lows, even as Nvidia shares fell 3.8% in premarket trading as investors assess the threat of increased competition after a report that Meta Platforms is in talks to spend billions on Google’s TPU-based AI chips (see "The Google TPU: The Chip Made For The AI Inference Era"); Alphabet shares climb 3.2% in premarket. As of 8:15am ET, S&P 500 futures are unchanged after posting the biggest daily gain since Oct 13, while Nasdaq 100 contracts drop 0.1%. The prospect of […]

Core Producer Price Inflation Slowest In 15 Months, But... Headline Producer Prices rose 0.3% MoM in September (as expected) Source: Bloomberg Under the hood, Energy costs were the biggest driver (see below for why that may not be a problem) and Construction saw the smallest rise in prices... Source: Bloomberg Core PPI (Ex Food & Energy) rose just 0.1% MoM, bringing Core PPI YoY down to +2.6%... Source: Bloomberg That is the lowest YoY print for Core PPI since July 2024. However, there could be trouble ahead as the pipeline for prices (intermediate demand) is […]

Burlington Shares Slide After Store Traffic "Fell Off Significantly"  Off-price department store retailer Burlington, formerly known as Burlington Coat Factory, fell in premarket trading after reporting weak third-quarter comparable sales and issuing soft fourth-quarter and full-year comp guidance that missed Bloomberg Consensus expectations. Snapshot: Q3 Results (Slight Miss on Revenue/Comps) Adjusted EPS: $1.68 (beat) vs. $1.55 y/y Revenue: $2.71B (+7.1% y/y), just below Bloomberg Consensus ($2.72B) Comp sales: +1% (Estimate: +2.5%) Gross margin: 44.2% (up […]

US Retail Sales Disappoint In September After two months of nothing, the avalanche of actual government-supplied macro data begins in earnest with Retail Sales (for September). BofA's omniscient analysts expected a small beat... Retail sales should be a slight beat based on BofA real-time card spending dataa pic.twitter.com/amrOxXgiqU — zerohedge (@zerohedge) November 25, 2025 But, for once, they were off with headline sales rising just 0.2% MoM (+0.4% MoM exp) but still rising for the 4th straight month... Source: Bloomberg On an unadjusted basis, Retail Sales fell […]

ADP Weekly Employment Report Signals Weakening Labor Market In November For the four weeks ending Nov. 8, 2025, ADP reports that private employers shed an average of 13,500 jobs a week, considerably worse than than the last couple of weeks. That is the worst 'monthly' average since August "Consumer strength remains in question as we enter the holiday hiring season," says Nela Richardson of ADP, adding that "might be playing into delayed or curtailed job creation." This is certainly not good news, but it does shift the dove/hawk argument at The Fed to pro-cut side and we see […]

JP Morgan, Who Had No Issues Banking Epstein, Abruptly Closes Strike CEO Jack Mallers' Account JPMorgan Chase abruptly closed Strike CEO Jack Mallers’ personal accounts last month, giving him no warning and offering only a cryptic explanation, according to Yahoo Finance. Mallers posted on X that “Last month, J.P. Morgan Chase threw me out of the bank,” noting how odd it was given that “My dad has been a private client there for 30+ years.” When he asked why, the bank told him only: “We aren’t allowed to tell you.” Yahoo writes that he even framed the closure […]

Why Did Democrats Suddenly Go Quiet On Epstein Files? Why did Democrats suddenly go quiet on the Epstein files? Democrats whipped themselves into a frenzy trying to manufacture a "gotcha" moment for President Trump and the GOP over the Epstein files. According to Bloomberg data, the headline count in MSM for "Epstein" erupted on the day when President Trump signed a spending bill to reopen the federal government after Democrats caved. This was nothing more than a headline deflection by Democrats. But in recent days, the Epstein story count in MSM has fallen off a cliff. You […]

The Decline Of Developed Nations' Fiat Money Authored by Daniel Lacalle, Governments assume they can print as much currency as they like and it will be accepted by force. However, the history of fiat currencies is always the same: first governments exceed their credit limits, then ignore all the warning signs and finally see the currency collapse. Today, we are living the decline of developed economies’ fiat currencies in real time. The global reserve system is slowly but decisively diversifying away from a pure fiat currency anchor towards a mixed regime where gold plays […]

Nvidia Slides As Google Emerges As New Threat In AI-Chip Market Alphabet shares jumped 4% in premarket trading after The Information reported that Meta is in talks to spend billions on Google's tensor processing units (TPUs) for its data centers beginning in 2027, with plans to potentially rent TPU capacity from Google Cloud in the near term. The report sent Nvidia shares down roughly 3.5% as investors weighed the possibility that Google could seize some of Nvidia's market share. In other words, Google is gaining traction as a credible alternative to Nvidia's GPUs (read […]

UK Government "Resist" Program Monitors Citizens' Online Posts Authored by Cam Wakefield via Reclaim The Net, Let’s begin with a simple question. What do you get when you cross a bloated PR department with a clipboard-wielding surveillance unit? The answer, apparently, is the British Government Communications Service (GCS). Once a benign squad of slogan-crafting, policy-promoting clipboard enthusiasts, they’ve now evolved (or perhaps mutated) into what can only be described as a cross between MI5 and a neighborhood Reddit moderator with delusions of grandeur. Yes, your […]

These Are The Most Religious States In America Religion plays a defining role in American culture and politics, but the degree of religiosity varies dramatically by state. This visualization, via Visual Capitalist's Niccolo Conte, maps out the share of adults who are highly religious based on survey data from the Pew Research Center. The survey was of 36,908 adults, conducted July 2023 to March 2024, with religiousness based on prayer frequency, attendance at religious services, belief in God, and the importance of religion in life. Which U.S. States are the Most Religious? […]

They've Learned Nothing... Because That Would Expose Too Much Authored by Roger Bate via The Brownstone Institute, The UK Covid-19 Inquiry has finally released the core political chapters of its long-awaited report. After nearly three years of hearings, millions of documents, and tens of millions of pounds spent on legal fees, the conclusion is now unmistakably clear. They’ve learned nothing, as I detail in my latest research.  Worse, they may not want to learn. The Inquiry’s structure, its analytical frame, even its carefully curated narrative all point in the same […]

Just what we need, more inflation and cheap money, plus a look at oil and gold miners.

Most cryptocurrencies claim decentralization, but few truly achieve it. Alan Hibbard breaks down why most networks remain centrally controlled—and why only systems governed by math or physics, like Bitcoin and gold, avoid the risks investors overlook.

Another bull market is about to kickoff as everybody is worried about the US dollar.

Gold held near $4,080 Monday as December Fed rate cut expectations surged, but a strong dollar and divided Fed officials kept gains modest. Treasury Secretary Bessent claimed tariffs don't drive inflation—contradicting CPI data showing a jump from 2.3% to 3.0% since April. UBS sees silver's pullback as a buying opportunity...

Today the top trends forecaster in the world discussed what surprises to expect for the rest of 2025 and 2026.

Today one of the greats discussed something very strange going on in the gold market.

There is something highly unusual occurring in the gold market. Take a look...

Mike just stepped off stage at the world’s oldest investment conference — and if you weren’t there, you missed something.  The New Orleans Investment Conference just wrapped with a record crowd. “We were bursting at the seams,” producer Brien Lundin told Mike.  But these weren’t casual observers. These were investors...

Gold investors face whiplash as conflicting signals roil precious metals markets. While New York Fed President Williams opened the door to December rate cuts, stronger-than-expected jobs data has traders second-guessing the Fed's next move. Meanwhile, gold demand is cooling across Asia amid price volatility, job openings continue their post-ChatGPT slide,...

Harvey Organ continues to expose the Harvey Organ continues to expose the ongoing massive fraud in the gold market, and gives an explanation of who is behind it.  This all started when gold began to threaten the existing world monetary order. massive fraud in the gold market, and gives an explanation of who is behind it.

Here is a look at gold's new trading range ahead of the move to $5,000.

Silver just saw another historic upside breakout, plus a stunning gold chart!

The Fed's December decision just became a coin flip. September jobs beat expectations with 119,000 positions added, but traders slashed rate cut odds to 50% after Cleveland Fed President Beth Hammack warned that easing now could "prolong elevated inflation." Her concerns mirror Main Street, where 70% of small businesses cite...

UK regulators admission of 41% inflation and systemic fear of bank runs.

In The Physics of Money, Alan Hibbard reveals how entropy—the universal force of disorder—quietly erodes wealth. By viewing money through the lens of physics, he explains why real money like gold, silver, and Bitcoin excels at resisting this decay, while fiat currencies accelerate it. This episode reframes value, work, and...

Gold treads water near $4,100 as traders await key Fed minutes and delayed jobs data, while China rapidly closes the "gold gap" with the U.S. in a strategic de-dollarization push. Meanwhile, Americans are tightening belts this holiday season with spending down from last year's record highs. President Trump floats a...

After weeks of data blackout, the picture isn't pretty. Jobless claims show a cooling labor market while consumer sentiment crashes to near-record lows. Credit card delinquencies just hit 15-year highs with Americans carrying $1.2 trillion in debt. The S&P 500 faces its longest losing streak since August. Meanwhile, wealthy investors...

Mike Maloney warns that the 2025 economic crisis may be far worse than past downturns, with both the stock and real estate markets in historic bubbles and key indicators already flashing red before the real crash begins.

Inflation quietly erodes the value of your dollars, making the gold vs cash debate more important than ever. Learn why gold preserves purchasing power while cash loses it — and how this affects long-term wealth.

Analysts warn we may be entering a Super Capital Rotation — a massive shift of money from stocks into silver and gold. In a new discussion with Northstar Bad Charts, Alan Hibbard breaks down why silver could be the key trigger, the $55–$56 breakout zone to watch, and how this...

Fed Vice Chair Jefferson says labor risks are rising but rate cuts should move slowly—sending gold prices lower as December cut odds collapse to 42%. Meanwhile, retail investors are finally skipping the dip, corporate layoffs hit 22-year highs driven by AI investments, and crypto's small-cap coins plunge to pandemic lows....

In 2026, more investors are choosing to buy precious metals as gold and silver gain traction in modern portfolios. With rising inflation, shifting institutional strategies, and growing demand from central banks, precious metals are becoming a core asset for diversification and long-term stability.

Wall Street may be celebrating new highs, but recession pressures are already spreading across the real economy. As China accelerates its covert gold accumulation and silver enters a fifth straight supply deficit, precious metals continue to show strength while speculative assets falter. This week’s News Nuggets breaks down the new...

The government shutdown just ended, but the Fed's data problem is just beginning. With key economic metrics compromised or missing entirely, policymakers face tough decisions on rate cuts while gold climbs to fresh three-week highs around $4,207/oz. Add in Atlanta Fed President Bostic's retirement—opening a seat Trump could influence—and the...

Mike Maloney’s latest $200 silver prediction may no longer sound far-fetched. With central banks buying silver, nations restricting exports, and demand outpacing supply, silver is rapidly transforming from an industrial metal into a strategic, monetary, and national security asset.

Silver 2025–2030 forecasts point to sustained strength in the price of silver as soaring industrial demand, persistent supply deficits, and shifting global monetary trends reshape the market. Discover why analysts expect silver’s long-term outlook to remain one of the most compelling in the commodities sector.

The government shutdown is ending after 41 days, but Americans face mounting economic pressures—job security concerns are spiking, and car loan delinquencies just hit levels not seen since before the 2008 crisis. Washington's response? Trump's proposed $2,000 "tariff dividend" checks that would require borrowing $100+ billion we don't have. As...

Three central banks — Russia, India, and Saudi Arabia — have quietly begun buying silver, signaling its return as a true monetary metal. Mike Maloney explains why this marks the start of silver’s next major bull run and why owning physical silver matters more than ever.

Turning 73? This guide explains how to take RMDs from your Gold IRA, including options for physical precious metals distributions, IRS requirements, tax strategies, and approaches to preserve your gold and silver holdings while staying compliant with IRS rules. Learn whether to take cash or in-kind distributions and navigate the...

Gold and silver rallied Tuesday as economic warning signs mounted and JPMorgan forecast gold could reach $5,000 by 2026. The U.S. private sector shed jobs in late October while consumer spending showed fresh cracks, with even affordable chains like Chipotle feeling the pinch. As a record 42-day government shutdown nears...

In a world where everything — from your paycheck to your crypto wallet — claims to be “money,” Alan Hibbard asks a question few ever stop to consider:  What actually makes something a true store of value?  In Episode 3 of Hidden Secrets of Value, Alan breaks down the 12 properties that...

After a 40-day shutdown, Washington’s deal brings short-term relief — but not stability. Gold jumped past $4,000 as investors saw through the political theater, betting on more volatility ahead. With the Fed flying blind and global confidence cracking, hard assets remain the one certainty in an uncertain world.