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.
Mike Maharrey Articles
Producer prices came in hotter than expected in November. This came on the heels of a CPI report showing price inflation is sticky. With inflation worries mounting, investors sold gold.
It seems the best we can hope for on the inflation front is a CPI report “in line with forecasts.” The mainstream media was giddy, and the markets responded positively to the November CPI report because every metric came in as expected.
After a six-month pause, China's central bank officially resumed gold purchases in November. According to data released by the People's Bank of China, it added about five tons of gold to its reserves in November.
The presidential election brought us the "Trump shock" and a healthy correction in the gold market. We saw this reflected in gold flows out of ETFs globally for the first time since April.
After rebounding in September, central bank gold buying surged in October, doubling the 12-month average. Central banks added a net 60 tonnes of gold to reserves in October, the highest monthly total year-to-date, according to data...
The Federal Reserve is losing billions of dollars every month. And do you know whose problem that is? Yours. In this episode of the Money Metals' Midweek Memo, host Mike Maharrey explains why the Fed is losing money, why it matters, and...
During a recent interview, Federal Reserve Chairman Jerome Powell said Bitcoin is “just like” gold and is not competing with the U.S. dollar. Not long after his comments, Bitcoin surged to over $100,000.
Last week, Russia announced a temporary ban on the export of precious metals scrap. The Russian government hopes keeping scrap within its borders will enhance domestic refining operations.
In a region fraught with geopolitical turmoil, Eastern European central banks are loading up on gold. Poland, Hungary, and the Czech Republic have been among the top gold buyers this year, with Poland leading the way.
Indians have a strong affinity for gold and silver. This has traditionally been expressed in demand for gold and silver jewelry, along with bars and coins. But over the last year, there has been tremendous growth in gold and silver...
