This gold stock has been on a tear before pulling back today, plus look at what just hit the highest level in a decade.
This Major Gold Miner Just Hit A Record High
August 26 (King World News) – Peter Schiff: NEM, the world’s largest gold mining company, hit a new record high today, despite the gold price needing to rise another 20% to match its record high. This shows investors are finally pricing in sustained higher gold prices and a lasting increase in miners’ future earnings.
Highest Level In A Decade
Otavio Costa: Meanwhile…..
Agricultural commodities are now at their highest level in a decade.
KING WORLD NEWS NOTE: Expect More “Transitory” Inflation As Agricultural Commodities Hit Highest Level In A Decade
Yet another unintended consequence of higher energy prices.
Watch the Fed be forced to walk back its hawkish stance even as inflation continues to creep higher.
It’s not like these guys have many options…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
There Is No Stopping It
Gregory Mannarino, writing for the Trends Journal: ONLY A FRACTION of the population was ready for what’s already happening… AND even less are prepared for what is coming next….
AND NOW THERE IS NO STOPPING IT. (America has been checkmated. And the Epstein Class is in control).
Let’s break this down.
MAJOR KEY POINT. Everything we have been discussing about energy, inflation, Treasury yields, federal debt and government intervention eventually comes down to this.
WHAT DOES ALL OF THIS MEAN FOR YOU?
OUR COUNTRY?
For the American economy.
For American businesses.
For homeowners.
For workers.
For families.
For the middle class.
And the answer is increasingly uncomfortable, but not a single one of you is surprised.
Why?
Because we called all of it.
And now it’s here…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
America right now is caught between two enormous forces at the same time.
1. On one side… HIGHER COSTS. Energy. Food. Transportation. Insurance. Housing, ETC.
2. On the other… A GOVERNMENT DEBT MACHINE THAT REQUIRES MORE AND COMPOUNDING CAPITAL DEBT JUST TO KEEP FUNCTIONING AT ITS CURRENT RATE OF DECLINE.
And… it’s the middle class standing directly between both of these forces.
As these two forces converge, it means that the cost of currency rises, and therefore the purchasing power of the currency falls.
NOW STOP FOR A MOMENT AND THINK ABOUT WHAT THAT MEANS.
MAJOR KEY POINT. These two converging forces are colliding now… (AND make NO MISTAKE ABOUT IT, this is just getting started.
With that and RIGHT NOW, extraordinary/unprecedented intervention in the US debt market is being taken which may lift the stock market… THE U.S. TREASURY IS SEEKING TO TAP NEARLY $1 TRILLION TO FUND LONG END BOND BUYBACKS. But it’s a wrecking machine of the highest possible order for our country and its middle class.
MAJOR KEY POINT. That mechanism is desperation, and ultimately will only NOT work, but it will VASTLY worsen the entire economic landscape of America and its people.
What the US Treasury is doing here is buying time… which will end in total disaster on an EPIC SCALE for the economy, the markets, and for our country.
As I have said… It’s like trying to manage the sinking of the Titanic by pouring more water in it.
As you ALL well know who follows my work. More borrowing means more Treasury issuance. More Treasury issuance requires investors willing to absorb it, (and buyers are drying up). Henceforth why the Treasury is buying back its own debt which it cannot sell.
This below is the loop.
MORE DEBT = MORE INTEREST = BIGGER DEFICITS = MORE BORROWING = MORE TREASURY ISSUANCE = MORE PRESSURE ON YIELDS.
That is the trap. And the more the Treasury buys back the same debt its issuing, the worse the underlying issues become.
MAJOR KEY POINT…. BUYING BACK BONDS DOES NOT SOLVE THE PROBLEM, IT EXACERBATES IT.
The Treasury can support/add “liquidity” to the bond market as liquidity is drying up. But with that, no matter how much “liquidity/debt” they pump into the system, not only will it never be enough, but none of those actions erase the $40+ and still rising trillion-dollar debt, nor the federal deficit, nor future interest obligations, NOR the need to keep borrowing. ALL IT DOES IS MAKE THESE THINGS WORSE.
“THE SINKING SHIP.”
AS A DIRECT RESULT OF THESE “INTERVENTIONS,” AMERICA, WILL BE TAKING ON WATER FASTER…
MAJOR KEY POINT. The numbers, nor their “solution,” add up.
This is not about if the S&P 500 closes green today or even if bond yields drop because of the US Treasury, along with the Federal Reserve, “intervention.” (As you already know, the Fed has already begun back door QE in the form of “reserve management” purchases.
This is also not about whether oil falls $2 tomorrow, or if gold and or silver along with Bitcoin/crypto rise or fall…
AND this is not even about whether the 10-30yr Treasury yield moves ten basis points one way or the other.
Those are symptoms.
The real issue is that our government is attempting to “manage” enormous government ballooning debt while facing insurmountable non-sustainable fiscal deficits alongside the current worsening geopolitical energy/trade war disruptions.
And with that……….. via the massive currency devaluation, all this “intervention,” creates is an economic wrecking machine on a cosmic scale.
America is in crisis on multiple levels… and our country’s middle class is being hollowed out FASTER.
What’s the immediate solution?
RETURN PURCHASING POWER TO THE CURRENCY! It’s simple. (But DO NOT count on that happening with the current administration). IT HAS ZERO CHANCE.
And with that…. the next question becomes this…
HOW MUCH PRESSURE CAN THE AMERICAN HOUSEHOLD ABSORB?
US middle class households are BREAKING FASTER.
And the mechanisms of the government “solutions” being currently implemented assures ONE THING.
The US Middle Class, our country, WILL Break EVEN Faster.
MAJOR KEY POINT. The Epstein Class creatures in Washington can rearrange the debt.
They can intervene in markets.
They can move #FAKE non-productive liquidity/debt around BY CREATING MORE DEBT OUT OF THIN AIR…….. and putting it wherever they want.
But ultimately… SOMEONE HAS TO ABSORB THE COST.
AND THAT SOMEOME WILL BE OUR COUNTRY, IT’S MIDDLE CLASS, AND YOU.
FINAL MAJOR KEY POINT. Our country is being “destroyed from within…”
And IT WILL NOT STOP……………………….. until We The People say ENOUGH.
Financial Legend Rob Arnott Just Warned The US Government
To listen to this powerful interview from financial legend Rob Arnott discussing what investors should expect going forward as well as what they should be doing with their money CLICK HERE OR ON THE IMAGE BELOW.
JUST RELEASED!
To continue listening to Alasdair Macleod CLICK HERE OR ON THE IMAGE BELOW.
ALSO RELEASED!
Gold Close Back Above $4,700 For The First Time In 3 1/2 Years CLICK HERE.
US May Go On A Massive Gold Buying Spree Sending Price To $20,000 CLICK HERE.
This Is Why Analysts Are Now Predicting $10,000-$20,000 Gold CLICK HERE.
US Now Desperate To Manipulate Gold Price To $17,000-$20,000 Or Higher CLICK HERE.
Legend Rob Arnott Just Issued This Warning To The US Government CLICK HERE.
WHAT A WEEK: Gold Futures Hit $4,660, Silver Futures $70! CLICK HERE.
Dollar Tanks, Gold Soars, But Take A Look At This… CLICK HERE.
God Help Us: This Global Crisis Is About To Unleash An Even More Terrifying One CLICK HERE.
Gold Begins Move To $6,000 After US Treasury Bond Purchase Announcement (QE: Money To Be Printed By Fed) CLICK HERE.
Important Update: Gold, Silver, Miners And Commodities CLICK HERE.
This Just Hit Multi-Decade Highs But Here Is The Big Surprise CLICK HERE.
CRASH ALERT: US Stock Market Sees 8th Hindenburg Omen As Gold & Silver Surge CLICK HERE.
Gold Must Close Above This Key Level To Signal New Bull Market Unleashed CLICK HERE.
Nomi Prins Predicts BIS Will Make Silver A Tier 1 Asset Sending Silver Price Skyrocketing To $180 CLICK HERE.
Could The Price Of Gold Surge To $8,000 In Just A Few Months? CLICK HERE.
GOLD: McClellan Warns Investors To Expect A Lot More Downside In US Dollar CLICK HERE.
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