Kitco News
Bessent's interventions amount to QE, and 'gold is the must-have asset' - ByteTree's Morris -
(Kitco News) – The U.S. government is effectively engaged in multiple major quantitative easing operations, and gold prices have moved higher as a result, with potential for plenty more gains ahead, according to Charlie Morris, CIO and founder of ByteTree.In the latest Atlas Pulse Gold Report, Morris said Treasury Secretary Scott Bessent’s new gambit of doubling the department’s purchases ...
Gold tests $4,450 as Philly Fed, jobless claims firm rate risk - Kitco AM Report -
(Kitco NewsWire) - Spot gold prices are lower and spot silver prices are firmer in early U.S. trading Thursday, as stronger-than-expected U.S. labor and regional manufacturing data trimmed part of Wednesday’s Treasury-led precious-metals rally.
Gold approaches session low $4,450/oz after U.S. weekly jobless claims fall to 206k -
(Kitco News) - Gold prices are getting closer to the $4,450 per ounce session low on Thursday morning following the release of better than expected labor market data after the number of Americans filing new claims for unemployment benefits came in below economists’ forecasts.
Spot gold bounces to $4,470/oz after Philly Fed survey rises to 47.4 in August -
(Kitco News) – Gold prices are coming off their recent lows on Thursday morning after the Philadelphia Federal Reserve's manufacturing sector survey improved beyond expectations this month.The regional central bank said its manufacturing business outlook for August came in at 47.4 – a five-year high – after a reading of 41.4 in July. The data was far better than expected, as economists were loo...
Gold surges above $4,500, silver breaks $66 as Treasury buyback sinks yields - Kitco PM Report -
(Kitco NewsWire) - Spot gold and silver prices are sharply higher in late-afternoon U.S. trading Wednesday, as a Treasury-led bond-market rally pulled yields lower, weakened the U.S. dollar and helped precious metals cut through key resistance levels even after Fed minutes showed policymakers were more concerned about inflation.
Gold price jumps 4% past $4,500 as Treasury buys back its own long-term debt -
(Kitco News) - Thirty-year yields fell, short rates rose, and the dollar hit a three-month low. The Fed's minutes, out the same afternoon, showed officials arguing to go the other way.
FOMC minutes show a Fed growing restless on inflation as Warsh floats six-meeting FOMC schedule for 2027 -
(Kitco News) – The minutes from the July 28-29 Federal Open Market Committee (FOMC) meeting showed members growing increasingly concerned about persistent inflation, with some insisting that price pressures were up even after discounting Iran, tariffs and other more transitory factors. Meanwhile, Fed Chair Kevin Warsh continued to shake things up, proposing a reduced schedule of six FOMC meetin...
Indian gold market heats up in July as jewelry demand, futures and imports all improve ahead of festival season – WGC’s Chacko -
(Kitco News) – Indian gold jewelry demand appears to be strengthening as consumers responded to lower and more stable gold prices ahead of the festive season, while investment demand remained steady in July and futures market activity picked up, according to Kavita Chacko, Research Head for India at the World Gold Council (WGC).In the latest WGC India update published Wednesday, Chacko wrote th...
33% of UK respondents regret missing out on gold’s 128% price rally – The Royal Mint -
(Kitco News) – One in three UK adults regret not investing in gold over the past five years – during which time the yellow metal gained 128% in value – while nearly a third (30%) regret missing out on silver, according to new research from The Royal Mint.
Gold firms as softer dollar offsets oil-led yield pressure - Kitco AM Report -
(Kitco NewsWire) - Spot gold prices are higher and spot silver prices are near steady in early U.S. trading Wednesday, as a softer U.S. dollar supported precious metals while elevated Treasury yields and higher crude oil kept the rate-relief trade in check.
Zero Hedge
Board Won't Add Trump's Name To Kennedy Center Before Sept. 8, Filing Says -
Board Won't Add Trump's Name To Kennedy Center Before Sept. 8, Filing Says
Authored by Matthew Vadum via The Epoch Times,
The Kennedy Center’s board told federal court that it will not try to put President Donald Trump’s name back on the building’s facade before at least Sept. 8, giving both sides time to discuss a new resolution opponents say flouts a prior court order.
In a j...
The Great Reversal: Decades-Long Bond Bull Lacy Hunt On His Bearish Pivot, Tonight -
The Great Reversal: Decades-Long Bond Bull Lacy Hunt On His Bearish Pivot, Tonight
For nearly four decades, Dr. Lacy Hunt has been one of Wall Street's most steadfast bond bulls.
As chief economist of Hoisington Investment Management, Hunt built his reputation around a simple but powerful thesis: globalization, excessive debt and slowing growth would keep inflation and interest ra...
Mass Casualties In Large Russian Assault On Ukraine's Capital, Air Defenses Dwindle -
Mass Casualties In Large Russian Assault On Ukraine's Capital, Air Defenses Dwindle
Ukraine started the week with near record-setting drone attacks on Moscow, with over 600 UAVs sent against the Russian capital Monday night into Tuesday.
The expected major Russian retaliation has come overnight, with a huge missile and drone barrage on the Ukrainian capital. Many dozens were sent,...
Bessent: Aim Is To 'Collapse' Iran Regime Through Economic Warfare, But US Unlikely To Restart Major Combat -
Bessent: Aim Is To 'Collapse' Iran Regime Through Economic Warfare, But US Unlikely To Restart Major Combat
Summary
US shifts toward economic warfare, away from military strikes: Bessent says maximum sanctions likely mean no major new military campaign for now.
Regime change rhetoric persists: Bessent says Washington intends to "collapse" Iran's regime.
USS George Washington arr...
EU NatGas Hits 2023 Energy Crisis Levels As Trump's "Economic D-Day" Clouds Hormuz Reopening -
EU NatGas Hits 2023 Energy Crisis Levels As Trump's "Economic D-Day" Clouds Hormuz Reopening
European natural gas prices surged to levels last seen during the energy crisis triggered by Russia's invasion of Ukraine, when severe supply disruptions sent global markets into turmoil.
The catalyst was an overnight Truth Social post from President Trump declaring "ECONOMIC D-DAY" agains...
Of Anchovies And Blueberries – Why El Niño Matters -
Of Anchovies And Blueberries – Why El Niño Matters
Authored by Nick Smallwood via BondVigilantes.com,
Why aren’t we talking more about El Niño?
After an exceptionally hot, dry summer in Western Europe and elsewhere, climate discussions proliferate. But neither mainstream media nor markets seem to be seriously discussing the risks and opportunities presented by what scientists app...
Bitcoin Tops $72k After Largest Single-Day Crypto Short Liquidation In History -
Bitcoin Tops $72k After Largest Single-Day Crypto Short Liquidation In History
Bitcoin surpassed $70,000 for the first time in over two months, propelled by US Treasury Secretary Scott Bessent’s 'Operation Twist'-like move pushing US bond yields (and the dollar) lower followed by a high-stakes meeting President Trump held with crypto industry leaders.
“When yields drop and the do...
FBI Seizes Eric Swalwell's Electronic Devices At San Francisco Airport Amid Sexual Misconduct Investigation -
FBI Seizes Eric Swalwell's Electronic Devices At San Francisco Airport Amid Sexual Misconduct Investigation
The FBI executed a search warrant against former congressman Eric Swalwell on Saturday after he landed at San Francisco Airport - seizing his electronic devices, including his cell phone, as part of a federal investigation into allegations of sexual misconduct, the Daily Mail...
North Korea Fires Barrage Of Missiles As Kim Plays Hard To Get, After Trump Overture -
North Korea Fires Barrage Of Missiles As Kim Plays Hard To Get, After Trump Overture
The South Korean government has observed an alarming new launch of a missile barrage by North Korea on Thursday, announcing that an unidentified projectile was fired off the peninsula's east coast on Thursday.
"The Joint Chiefs of Staff said the launches of about 10 short-range ballistic missiles ...
Walmart Crashes Most Since 2022 After Huge Comp Store Sales Miss -
Walmart Crashes Most Since 2022 After Huge Comp Store Sales Miss
Walmart is tumbling after posting disappointing guidance while quarterly sales fell short of expectations, a rare miss for the world's largest bricks and mortar retailer, that is stoking concerns about the leading big-box retailer decelerating alongside a slow-growing US economy.
Comp store sales at US stores open at...
MarketWatch - Top Stories
CNBC Top News
CNBC Economy
GATA
Trump to back U.S. minerals projects with $500 million in grants -
By Ernest Scheyder and Jarrett RenshawReutersThursday, August 20, 2026
The U.S. Department of Energy is awarding $500 million in grants to seven companies building domestic lithium, cobalt, and other mineral and battery projects, the latest in a string of investments aimed at bolstering American mining and processing, according to a document seen by Reuters.
The funding comes weeks after Presi...
Russian sales bring gold reserves to their lowest since 2020 -
That's if the official figures are true. But even if they are and China is buying the gold, isn't the bigger story that gold is the international reserve that can be sold without crashing the bond markets?
* * *
From Bloomberg NewsThursday, August 20, 2026
The Bank of Russia continues to sell gold from its reserves, cutting its holdings at the end of July to the lowest level in more than six ye...
Bessent becomes most interventionist Treasury chief in decades -
By Christopher Anstey, Jorgelina do Rosario, Michael MacKenzie, and Greg RitchieBloomberg Newsvia Yahoo News, Sunnyvale, CaliforniaWednesday, August 19, 2026
With a slew of unexpected maneuvers this year, Scott Bessent has emerged as the most interventionist Treasury secretary in financial markets in decades -- putting his credibility on the line in an effort to quell a potentially damaging ris...
U.S. debt rises above $40 trillion after doubling under Trump and Biden -
By David Lawder and Jacob BogageReutersvia Yahoo News, Sunnyvale, CaliforniaWednesday, August 19, 2026
WASHINGTON -- Total U.S. debt has topped $40 trillion for the first time, the Treasury Department said today, drawing fresh warnings that a fiscal crisis is brewing as ballooning costs for social safety-net programs and interest payments far outstrip revenues held back by tax cuts.
The Treasur...
Adam Sharp: Gold smells a rat -
By Adam SharpDaily Reckoning, BaltimoreWednesday, August 19, 2026
Boom! It was another great day for gold, silver, and miners.
The GDX gold miner ETF is up a whopping 9% as of midday.
Gold moved up 3.5% and crossed the $4,500 level. Silver also popped 3.5% to $66.43.
So ... what the heck happened?
... Dispatch continues below ...
... ADVERTISEMENT ...
Fisher Precious Metals offers great prices...
Wolf Street
Legal Tender News
Legal Tender Forces Gold Out -
The government has many ways of forcing us to use their paper dollar as money. The tax on capital gains on gold (I wrote about this here) is one bullet in their gun. The legal tender law—U.S. Code ...
What Is A "Legal Tender Law"? And, Is It A Problem? -
What is a legal tender law? Over the years, there has been some discussion about “legal tender laws” in the United States. I talked to a legal expert about it, and discovered – as I suspected – that ...
What Is Considered Legal Tender in the US? -
"Legal tender" means that the financial instrument in question legally serves to pay any public or private debt. Federal law guarantees its printed value regardless of its intrinsic convertible value, ...
Bill Introduced To Make Bitcoin A Legal Tender In Arizona -
Senator Wendy Rogers has introduced a bill proposing to make bitcoin a legal tender in the U.S. state of Arizona. The bill seeks to add bitcoin to the list of instruments considered legal tender in ...
Floridians could soon be able to use gold and silver to pay for things -
You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Gov. Ron DeSantis signed a bill on Tuesday that would recognize gold and silver as legal tender in the ...
CoinDesk
Treasury buybacks could set up Bitcoin’s next move toward $180,000, says strategist -
Longtime bond market investor Mark Connors sees routine government bond buybacks improving liquidity and bringing bitcoin’s next rally closer.
Bitcoin's jump above $71,000 sets up bullish golden cross pattern -
Bitcoin’s improving momentum could produce a golden cross, but the rally still faces an important test.
Crypto for Advisors: What are tokenized deposits? -
Banks are moving deposits on-chain using permissioned systems, not open ones. See why privacy and compliance dictate this path in this week's newsletter.
Optimism-funded team's deciding vote shifts $49 million in OP tokens away from users -
The approved plan reallocates 546.9 million OP from user airdrops to a Foundation-controlled Strategic Ecosystem Fund.
Ripple-linked XRP jumps 15% as data shows 'banker hours' onchain pattern -
Three hours spanning the London afternoon and New York morning account for about 23% of XRP moving onchain, up from roughly 14% a year ago.
Fed liquidity promises, dollar weakness could determine bitcoin's next move -
Your day-ahead look for Aug. 20, 2026
Bitcoin rally sparks debate whether Clarity Act is already priced in -
Erald Ghoos, OKX Europe CEO, says U.S. crypto rules could blow new life into the market amid a rotation of capital from AI back to bitcoin.
Bitcoin breaks out of six-week range, tops $71,000 as $3 billion in shorts get wiped out -
Six weeks of compression ended in the largest short liquidation since at least 2021, with $3 billion of bearish bets forced to buy back into thin supply.
Elon Musk's X is exploring stablecoins to pay influencers and content providers -
Conversations with X are ongoing, according to a person who also works with other social media platforms testing stablecoins to pay influencers.
BitGo secures South Korea virtual asset license, says it's the first global crypto company to do so -
Backed by Hana Financial Group and SK Telecom, BitGo Korea built a locally registered entity from scratch to serve institutional and enterprise clients, rather than taking the acquisition route.
bitcoin.com
‘We’re Going to Increase the Buyback’: Treasury Boss Targets Bond Yields -
Treasury Secretary Scott Bessent told CNBC Thursday that U.S. debt buybacks could blow past $4 billion per operation as Washington moves to steady a rattled long-term Treasury market and bitcoin trades above $72,000. Bessent Cranks Up the Pressure on Long-Term Yields The comments followed the Treasury Department’s decision Wednesday to at least double the maximum […]
Strategy Breaks Down 6 Securities Built Around Its Bitcoin -
Strategy has published updated explanations of MSTR and five preferred securities, showing how each divides bitcoin-linked corporate risk, dividend rights, and capital priority without granting investors direct ownership of the company’s bitcoin. Strategy Separates Equity From Preferred Income Strategy Inc. (Nasdaq: MSTR) announced Aug. 19 that it had published investor briefings covering its c...
11-Year-Old Dormant Bitcoin Wallets Move 1,214 BTC Worth $86M in 24 Hours -
With bitcoin ripping to a weekly high of $72,400, vintage coins are suddenly crawling out of cold storage at a relentless pace. Over the last 24 hours, 1,314.41 BTC moved from long-sleeping bitcoin wallets carrying a combined value of $94 million. Approximately 1,214.42 BTC ($86M) of that total movement, all stemmed from wallets first seen […]
Trump’s Hyperliquid Name-Drop Sends HYPE Charging Toward Record Highs -
Hyperliquid’s HYPE token charged toward record territory after U.S. President Donald Trump revealed regulators are working on a legal pathway that could bring the crypto trading heavyweight into the American market. Trump Drops Hyperliquid Into Washington’s Spotlight Trump made the comments on Aug. 19 during a White House meeting with cryptocurrency, technology, and finance executives, […]
Securitize Brings Neuberger’s $230 Billion Credit Platform Onchain -
Securitize has launched a tokenized fixed-income fund with Neuberger, extending institutional credit strategies onto public blockchains. The fund will invest mainly in high-yield bonds and will be available across Avalanche, Ethereum, Solana, and Sui. Securitize Launches High-Yield Bonds Across 4 Public Blockchains Securitize is pushing deeper into tokenized credit with a new fund that brings [...
Reason
Cato Institute
Tenth Amendment Center
The Welfare Trap: Benjamin Franklin’s Forgotten Warning -
Politicians tell us that welfare programs are absolutely necessary - and helpful. But they ignore the fatal trap that Benjamin Franklin uncovered over 250 years ago: The more you subsidize something, the more you get - government welfare programs make things worse.
The post The Welfare Trap: Benjamin Franklin’s Forgotten Warning appeared first on Tenth Amendment Center.
The 17th Amendment Broke the Founders Kill Switch -
1913 was a really bad year. And one of the biggest changes came from the 17th Amendment. It didn’t just alter the way federal senators are chosen, it actually broke a process the framers built into the system: A constitutional KILL SWITCH to end the federal government. On this episode, it’s the “absolute safeguard” - the lost nuclear option for the states that the government-run schools never t...
President or King? It’s not the TITLE. It’s the POWER. -
For the founders, an elective monarchy was just as bad as an hereditary one - because the core issue was the power of discretion. On this episode, it’s 6 of the most dangerous powers of a king as the founders understood them. And you just might recognize every single one of them today.
The post President or King? It’s not the TITLE. It’s the POWER. appeared first on Tenth Amendment Center.
Electronic Frontier Foundation
Some Tech Companies Have Privately Pushed Back on ICE Subpoenas. They Should All Do More. -
In a handful of known cases, large social media companies have privately pushed back against Immigration and Customs Enforcement (ICE) subpoenas when the agency tried to unmask anonymous users who tracked immigration activities or criticized the government. As ICE engages in a pattern of illegal and chilling investigations, any resistance is welcome. But social media companies can do more. When...
📍 The Sneaky Code Tracking App Users | EFFector 38.15 -
Your location isn't just a pin on a map—it can expose some of the most intimate details about your life. The value of this information to advertisers and others has turned the location data business into a multi-billion dollar industry. In our latest EFFector newsletter, we're covering a new EFF report on how ad libraries encourage apps to leak user location data—potentially without app develop...
Ninth Circuit Ruling Will Force Online Platforms That Host User Speech to Fight Lengthy and Costly Lawsuits Before They Are Dismissed Under Section 230 -
A federal appeals court just made it harder for online services, big and small, to get lawsuits over user speech dismissed early. In California v. Meta, a Ninth Circuit three-judge panel held that the lower court’s denial of Section 230 immunity to Meta is not immediately appealable. The misguided ruling has the potential to have widespread impact and to threaten the free speech of all internet...
The Institute For Justice - Press Releases
Institute for Justice Calls Flock Safety’s Proposed Reforms ‘Window Dressing’ -
ARLINGTON, Va.—Today, the Institute for Justice (IJ) released a statement responding to suggested “reforms” announced by automated license plate reader (ALPR) provider Flock Safety. “This […]
The post Institute for Justice Calls Flock Safety’s Proposed Reforms ‘Window Dressing’ appeared first on Institute for Justice.
Austin Councilmember, Public Interest Law Firm Applaud Austin’s New Microbusiness Resolution -
AUSTIN, Texas—Last night, the Austin City Council passed a resolution to support microbusinesses in the city. Councilmember Vanessa Fuentes, one of the resolution’s sponsors, and […]
The post Austin Councilmember, Public Interest Law Firm Applaud Austin’s New Microbusiness Resolution appeared first on Institute for Justice.
Public Interest Law Firm Releases New Page Tracking License Plate Reader Abuse Nationwide -
ARLINGTON, Va.—Today, the Institute for Justice (IJ) released a new page tracking misuse of automated license plate reader (ALPR) systems across the country. The tracker, […]
The post Public Interest Law Firm Releases New Page Tracking License Plate Reader Abuse Nationwide appeared first on Institute for Justice.
Second Amendment Foundation
TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP -
BELLEVUE, Wash. — April 24, 2025 — The Second Amendment Foundation (SAF) is pleased to announce that Taurus Holdings Inc. has renewed their commitment to the organization as a Platinum-level corporate partner. “At Taurus, we believe that the right to keep and bear arms is fundamental to the American way of life,” said Taurus USA
The post TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP appear...
CA NON-RESIDENTS CAN APPLY FOR CARRY PERMIT STARTING APRIL 22 -
BELLEVUE, Wash. — April 22, 2025 — Thanks to a preliminary injunction in the Second Amendment Foundation’s (SAF) case CRPA v. LASD, starting Tuesday, April 22, non-resident SAF members can apply for a California carry permit. The injunction requires that California accept permit applications from any United States resident outside the state who is a
The post CA NON-RESIDENTS CAN APPLY FOR CARR...
SCOTUS DENIES CERT IN WORTH, SAF WIN IN EIGHTH CIRCUIT STANDS -
BELLEVUE, Wash. — April 21, 2025 — In a case that could potentially have far-reaching implications for similar lawsuits across the nation, the U.S. Supreme Court has denied Minnesota’s Petition for Writ of Certiorari in Jacobson v. Worth, the Second Amendment Foundation’s (SAF) challenge to the 18-20-year-old carry ban in the state. Minnesota asked the
The post SCOTUS DENIES CERT IN WORTH, SAF ...
Gun Owners of America
FL VICTORY: Byron Donalds Wins Primary Election -
Florida’s gun owners get to celebrate the Second Amendment wins that happened during last night’s primary elections. Why? Because GOA was the only gun rights organization involved in this election. Not just the only group to endorse. GOA was the only gun rights organization that showed up at all to fight for the Second Amendment, PERIOD. And our members and supporters … Read more
Florida: Vote GOA on August 18 -
Florida gun owners, Election Day is TODAY, Tuesday, August 18 — and it’s time to VOTE. The future of our Second Amendment rights in Florida will be shaped by who shows up to the polls in this primary election. At the top of the ticket, Gun Owners of America is backing Byron Donalds for Governor of Florida. When Florida passed the Parkland gun-control … Read more
GOA Members Make History With First Suppressor Transfers Without NFA Registration Since 1934 -
FOR IMMEDIATE RELEASE August 13, 2026 GOA Members to Make History with First Suppressor Transfers Without NFA Registration Since 1934 Leander, TX — Gun Owners of America (GOA), along with lead plaintiff Silencer Shop, made history tonight as GOA members Brandon Herrera and Wes Virdell lawfully acquired suppressors without complying with the currently enjoined registration requirements of the ...
Banking Dive
American Banker
Bank of International Settlements
High public debt in the Americas: non-linear implications for risk premia and inflation expectations -
by Eduardo Amaral, Rafael Guerra, Alejandrina Salcedo, Pablo Tomasini, Christian Upper
Lesetja Kganyago: Remarks - annual dinner for the Heads of Foreign Missions accredited in South Africa -
Remarks by Lesetja Kganyago, Governor of the South African Reserve Bank, at the annual dinner for the Heads of Foreign Missions accredited in South Africa, South African Reserve Bank, Pretoria, 9 July 2026.
Lesetja Kganyago: Overview of the South African economy -
Address by Lesetja Kganyago, Governor of the South African Reserve Bank, at the 106th Ordinary Annual General Meeting, South African Reserve Bank, Pretoria, 31 July 2026.
Federal Reserve - Press Releases
Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New ... -
Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch
Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of United Community Bank -
Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of United Community Bank
Minutes of the Federal Open Market Committee, July 28–29, 2026 -
Minutes of the Federal Open Market Committee, July 28–29, 2026
FDIC - Press Releases