⛏️ Wall St Dips and Gold Surges

Wall St Dips and Gold Surges
U.S. stocks dipped and gold surged on Friday at the conclusion of a week fraught with the apparent contradiction of cooling economic data and a hawkish Federal Reserve. Read on »

No, Saudi Arabia Isn’t Ditching the Dollar
Supposedly, the country’s sovereigns signed a 50-year petrodollar pact on June 6, 1974, which expired on or around June 9, 2024. If that were true, this week would be one of the most historic weeks in the history of the US dollar. Read on »

Federal Deficit Soars to Triple Average for May 2024
May's federal deficit reached $347 billion, almost three times the average, marking the largest since March 2023. Increased Medicare costs and interest expenses were major contributors. Read on »

• WGC Reports Decline in Chinese Physical Gold Demand Link>>

• Tesla Shareholders Vote no on Deep Sea Mining Moratorium Link>>

• America’s First Next-Gen Nuclear Facility Just Broke Ground Link>>

• Central Banks Support Responsible Gold Mining Link>>

• The Gold Guru: Interview with Greg Weldon Link>>