On the afternoon of September 6, 1901, President William McKinley stood in a receiving line at the Pan-American Exposition in Buffalo, New York, shaking hands with a crowd of well-wishers.
One of the people in the crowd was a young man named Leon Czolgosz… who was patiently waiting with a revolver wrapped in a handkerchief. When he reached the front, he fired twice into the president’s abdomen.
McKinley died eight days later, and, Czolgosz, an unemployed factory worker, went to the electric chair without a trace of remorse. He insisted it was his duty to strike down a symbol of oppression. Continue reading →
Commodities Chief: Gold Headed “Above $4,500” – Don’t Let the Sell-off Fool You Gold’s brutal stretch has rattled even seasoned bulls, but Suki Cooper, Global Head of Commodities Research at Standard Chartered Bank, is telling investors not to confuse a liquidity flush with a broken thesis.
In a recent CNBC segment, Cooper argued that the forces that drove gold to record highs, including central bank buying and long-term concerns over government debt and fiat currencies, remain firmly in place despite the recent pullback.
Silver and Platinum Got Hit Even Harder…
The pain has been even more acute further down the precious metals stack. Cooper noted that, per the segment, silver posted its worst quarter since 2013 and platinum its worst since 2020.
Both metals carry exposure to industrial demand in addition to monetary characteristics, which amplifies their beta in a deleveraging market… (Continue to full article)
Nearly Half the World’s Central Banks Are Stockpiling Gold Right Now Central banks around the world have been buying gold at an unusually fast pace for several years, turning the metal into one of the clearest signals of how official institutions are responding to geopolitical tension, inflation concerns and shifting reserve strategies. The latest survey from the World Gold Council, released June 16, puts a new number on that trend and aligns with Goldman Sachs’ recent view that sovereign demand for gold is still strong.
The World Gold Council said on June 16 that a record 45% of reserve managers surveyed expect their own institutions to increase gold holdings over the next 12 months. In the same survey, 89% said they expect total global central bank gold reserves to keep rising, while 93% of respondents said their institutions already hold gold.
Gold Prices Surge Over 2% to Reclaim $4,100 Mark FED Chair Walsh says inflation risks have receded, easing rate hike expectations to restore gold’s upward momentum.
On July 1, Eastern Time, gold ( XAUUSD) at one point surged past $4,100, returning to a near one-week high. As of press time, it was up 2.27%, trading at $4,098 per ounce. The newly appointed Fed Chair Kevin Warsh said on Wednesday that inflation expectations and inflation risks have both declined in recent weeks.
Warsh stated that inflation expectations and inflation risks have declined in recent weeks, and the Federal Reserve is committed to bringing inflation down to its 2% target. He noted, “In the first few weeks of this period, inflation expectations have fallen back, and inflation risks have decreased accordingly.”… (Continue to full article)
Gold Suffers Worst Monthly Drop Since 2008 – Fed Rate Jitters, Strong Dollar Fuel Selloff While ongoing dollar strength remains the primary headwind, investors will keep an eye on Federal Reserve Chair Kevin Warsh’s speech on Wednesday, according to Saxo Bank. The precious metal is down more than 7% so far this year and more than 24% since the U.S. – Israeli strikes on Iran on Feb. 28, 2026. Gold futures for August 2026 deliveries fell 1% at the time of writing.
Gold extended its slide on Wednesday, with spot prices posting their steepest monthly decline since October 2008 in June, as a stronger U.S. dollar and renewed expectations of an interest rate hike deepened the selloff in bullion.
Spot gold slipped below the psychologically important $4,000-an-ounce mark for a third straight session.
Gold Flashed a Death Cross at the End of Its Worst Quarter in 13 Years Here’s What’s Weighing It Down: Gold’s rally has reversed, with the metal flashing a death cross to end the second quarter. The metal had its worst three months in 13 years and saw its highest volatility since the GFC. Higher rates and reduced speculation in the metal have contributed to its price decline.
The days of gold’s raucous bull rally feel like a distant memory in 2026.
Gold, one of the hottest assets of 2025, has been stuck in a tailspin for most of this year as investors dump the precious metal, reversing a meme-like rally that took bullion to records last year.
Gold is now trading just above $4,000 an ounce, a 27% decline from its all-time high just above $5,600 in January. It dropped 16% in the second quarter for its worst quarterly performance since 2013. Volatility at quarter-end was the highest volatility since the Great Financial Crisis (Continue to full article)
Posted inLet's Get Physical|Comments Off on The Daily Headlines: July 2, 2026 ~ Gold Fever!
An expose’ of the Pirates of the precious-metals underworld and how you can truly protect your ass-ets – from them!
Con Bob the Pirate
While there’s no guarantee on any investment, it is clear we have entered a period of great economic uncertainty. In recent economic news, several banks and major financial institutions have filed for bankruptcy leading our country into what is likely a recession period. The US dollar is losing significant value caused in part by monetary inflation, overspending, and fading market confidence. Some economists speculate that the US will consider a centrally controlled, government issued, cryptocurrency as a means to promote Modern Monetary Theory.
Throughout history, as fiat currencies have come gone, gold has stood the test of time again and again, and there’s reason why… Give Gold a Look in These Uncertain Times
Hjalmar Horace Greeley Schacht
Always and again the magic of money presents us with problems. These problems change constantly. Time after time experience teaches us that there is no universally-valid system by means of which monetary problems may be solved. Every new situation demands new deliberations, new measures, new insights, new ideas. Each of these ideas must be informed by and subservient to the sole and single purpose of maintaining the soundness of the currency. ~ Hjalmar Schacht
Seeking out the most efficient and most secure route to owning gold, and converting it into widely-accepted currency, is the next best thing to enjoying gold-backed currency. In a world of central bankers hell-bent on devaluing your savings you need your own private gold standard. Continue reading →
On August 15, 1971, President Richard Nixon interrupted Sunday night television to make an announcement that would quietly reshape the entire global financial system.
In 1913, two laws were quietly passed that would permanently reshape who gets rich and who stays broke in America — and most people have never heard the full story.
This is the history of the Federal Reserve Act and the 16th Amendment: how a group of the world’s most powerful bankers secretly gathered on a private island in Georgia, wrote a piece of legislation in disguise, and watched it become the law of the land. And how a tax sold to the public as a way to make the wealthy pay their fair share slowly crept down the income ladder until it consumed nearly everyone. Continue reading →
On New Year’s Day in the year 1829, a 29-year-old young lady from Washington DC named Peggy Timberlake married John Eaton – a powerful senator from Tennessee.
Eaton was also close friends with the incoming president Andrew Jackson.
Peggy, on the other hand, was rumored to be somewhat of a harlot. She was openly flirtatious and allegedly promiscuous, and her wedding to Sen. Eaton came only a few months after the mysterious death of her first husband.
The elite “power wives” of Washington DC considered Peggy scandalous and immoral, and so they simply refused to engage with her. They would not attend any event where Peggy would be present. They would not invite her to their parties. They spoke ill of her behind her back. Continue reading →
Posted inThe History of it All|Comments Off on Hickman: Get Ready for “Business Friendly Socialism”
Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release of key price data on May 28, 2026, underscores why policymakers are worried these pressures could spread into the broader economy.
The report offered a mixed but still uncomfortable picture. The month-to-month rise was softer than expected, but the change year over year still points to concern: a 3.8% jump from a year earlier, the fastest pace since 2021, and a less volatile index that excludes food and energy up 3.3%. Continue reading →
Posted inThe Mine or the Shaft|Comments Off on It’s Not Just High Gas Prices – Inflation Is Now Spreading Through the US Economy
Fuelled by frenetic speculation, and by the idea that everyone can get rich without limits, it puts a final stop to the euphoria of the 1920s.
America is then caught in a devastating cycle which spreads around the world a few months later like a malign infection.
More Than Half of Americans Say the Cost of Living Is Worse Under Trump Than at Any Other Point in Their Lives A majority of Americans now say the cost of living is the worst they can remember — and most of them blame President Donald Trump for their predicament.
Poll results published Friday by Politico showed 53 percent of those surveyed couldn’t recall struggling harder to make ends meet, up from 46 percent in November.
The poll by Public First also found 46 percent felt Trump was fully or mostly responsible for the state of the economy, unchanged from six months ago…. (Continue to full article)
U.S. Tractor Sales Fall 21.6%, Combine Sales Drop 56% From 2025 Sales data shows that U.S. tractor sales were down 21.6% and combine sales decreased 56.1% year-over-year in May 2026, according to the Association of Equipment Manufacturers (AEM).
Canadian sales of combines were 80, down 56.5% from 184 in May 2025. Canadian tractor sales were 1,976 for May, down 17% from May 2025.
Sales for self-propelled combines in the U.S. were down 56.1% in May, with 138 sold this year compared with 314 last year. Year to date, AEM reports 1,066 combines have been sold as of May, down 14.6% from 1,248 at the same time last year. Self-propelled combine inventory began at 714 in May… (Continue to full article)
Is Washington State Coming After Farmers and Ranchers – Are Regulators Trading Away Food Production To Secure “Environmental Justice“? The King family in eastern Washington has raised cattle on its property since the 1950s. In addition to ranch property it owns, the King family has also leased from the state nearly 13,000 acres of grazing land for its cattle since the 1950s.
During dry months the King Ranch maintains watering holes for the cattle and wildlife. Many of these watering holes go back to before the King family owned or leased the land, and the activity in connection with them has only been done for the purpose of maintenance.
Based on an anonymous complaint, and an investigation using Google Earth satellite imagery, the Washington Department of Ecology (WADOE) accused the King Ranch of illegally excavating “wetlands” — a wet spot in arid areas in violation of state law. The WADOE imposed a penalty in excess of $250,000, and ordered the King family to implement a 10-year restoration plan estimated to cost them over $3.5 million to fully comply with.
Maybe they can grow carrots and squash on roof-top gardens in economically disadvantaged neighborhoods that Bill Gates can use to make fake meat…. (Continue to full article)
No country other than the US could cope with a currency burdened by a $500 billion deficit and skyrocketing international debt. Instead of rising up and plunging the country into chaos, the American public goes about its daily business, and calm is maintained in the boardrooms.
Whether it soars or plummets – somehow the dollar’s antics always seem to have a negative impact on others. This exorbitant privilege of passing on its debts to others stems from the fact that, since the post-war period, the dollar has developed into the international currency. It is hardly ever questioned. The dollar is thus the ultimate symbol of the US’s economic strength, imperialism and supremacy. The only question is: will it stay that way? Or are we currently at the end of an era?
Posted inThe Mine or the Shaft|Comments Off on The Dollar Dominance: How America Gets Away with Endless Debt
~ Quotables ~ "There is no clean way to make a hundred million bucks. Somewhere along the line guys got pushed to the wall, nice little businesses got the ground cut out from under them. Decent people lost their jobs. Big money is big power, and big power gets used wrong. It's the system." ~ Raymond Chandler, The Long Goodbye
We make every attempt to respect the rights of others. If you feel that something here has infringed your work please let us know and we will correct it immediately. It is not always easy to determine the status of material posted to the Internet with regard to fair use and public domain.
~ FAIR USE NOTICE ~
This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U. S. C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml