This is rich: After months of everyone in the Trump administration—including the president—saying tariffs do not cause inflation, they just admitted (including the president) they KNOW that tariffs do cause inflation and a lot of it. 

Silver has done this only four times in the last 60 years. And that is break to a new all-time high. 

Our benchmark SP500 is on long term BUY signal. Oil sector is on a long term SELL signal. Gold sector is on a long term BUY signal.

Yes, the AI tech is revolutionary. But this doesn’t mean that the current valuations make sense. The first cracks are already here.

A day after writing again about the inevitable stock market crash that is showing up first in AI stocks, the stock market broadened its slide today with the Dow ending down about 800 points (having fallen about 820 moments before the close) and the Nasdaq down 2.3...

In this episode of the Money Metals Midweek Memo, host Mike Maharrey leans on Greg Weldon’s “debt black hole” metaphor to explain how towering obligations now warp policy, markets, and household finances. 

U.S. Geological Survey (USGS) has officially added silver to its list of “critical minerals.” This could put further demand pressure on a metal already in short supply. It also increases the possibility of tariffs on silver.

After barely rising in August, consumer debt grew modestly in September, likely reflecting growing debt stress on American households.

Physical silver investment has become a significant driver of overall global silver demand, and four countries dominate the market. Between 50 and 60 percent of silver demand comes from industrial and tech sectors, with the remaining half split between investment...

Early this year, high premiums developed for COMEX bars in the U.S. thanks to fears of tariffs on importing silver (and gold). In response, traders shipped an estimated 300 tons of silver from London to New York to alleviate that squeeze.

Trump’s latest promise is that the government will take $1,866 away from you in taxes and then refund $2,000 of that to you, while using the profit the government retains from that transaction to eliminate the national debt. At the same time, he wants you to believe...

A paradox now sits at the center of global finance: the US government, in trying to stabilize its debt markets, has legitimized the very free-market forces that are eroding its monopoly over money.

It’s fortunate for the government that its bean-counters and statisticians are shut down right now because labor looks more like Halloween than hope. Let me count the ways that things are already teaming up against workers and living wages.

Most recently, in October 2025, the silver price rose above $50 per troy ounce. Silver had already reached this level in 1980 and then again in 2011. On both occasions, this was followed by a prolonged decline in prices. Some investors are therefore wondering...

Cycle is down. Trend is down. We took profits and will wait for new set ups.