Mike Maharrey
Mike Maharrey is a journalist and market analyst for MoneyMetals.com with over a decade of experience in precious metals. He holds a BS in accounting from the University of Kentucky and a BA in journalism from the University of South Florida.
Articles by Mike Maharrey
It’s finally Black Friday!Of course, it feels like it’s been Black Friday for weeks. Yesterday was Black Friday. Tomorrow will be Black Friday. Heck, last week was Black Friday. And next Friday, it will still be Black Friday.This is how we...
You might want to sit down for this one.The Bureau of Labor Statistics erased 33,000 jobs from its July and August reports with downward revisions.Shocking, I know.In July, the BLS reported 79,000 jobs created. In the September report (...
If I travel to another country, I’ll generally need to make a currency exchange before I can go shopping. I’ll have to swap my dollars for euros if I’m in Europe, or yuan if I’m in China, or perhaps lira if I’m in Turkey. However, in...
The silver market is on track for its fifth straight structural market deficit.The recent silver squeeze that pushed the silver price to a record high was partly due to a displacement of metal. There was too much silver in New...
After barely rising in August, consumer debt grew modestly in September, likely reflecting growing debt stress on American households.The U.S. economy depends on consumers buying stuff. Persistent price inflation forced Americans to blow...
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.The USGS...
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...
While the rate cut got most of the attention, the Federal Reserve made another move during its October meeting that is arguably more consequential. The central bank announced it will end balance sheet reduction (quantitative tightening, or...
Silver has been on a wild roller coaster ride.Is the recent selloff a temporary correction or have we reached the end of the rally?While the supply displacement that pushed silver to a new record high has moderated somewhat, the underlying...
The Powell put is on.The Federal Reserve chairman tried to sound like a hawk, but the central bank’s actions were those of a dove.For the second straight meeting, the Fed cut the federal funds rate by a quarter percent on Wednesday. In an...
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