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The gold price was back in action this week, breaking above the US$4,200 per ounce level after spending about two weeks trading at lower price points.

Silver was on the rise again as well, pushing briefly past US$54 per ounce.

Both precious metals saw their biggest gains midway through the week as the US government shutdown came to an end. At 43 days, it was the longest in history, and finished on Wednesday (November 12) as eight Democrats broke ranks to vote in line with Republicans on a funding package.

US economic data has been scarce during the shutdown, and government agencies are now beginning to play catch up as workers return to their posts. While some reports are scheduled to come out next week, others could take weeks or may never be released at all.

‘Based on past shutdowns, we anticipate data originally scheduled for release in the first half of October — primarily data covering September — will be released fairly quickly. However, the timetable will vary depending on the normal data collection process for each indicator’ — Nancy Vanden Houten, Oxford Economics

From a gold perspective, all eyes are on numbers that may impact the US Federal Reserve’s interest rate decision next month. While the Fed has now made two cuts in 2025, Chair Jerome Powell emphasized after the central bank’s last meeting that a December reduction is not guaranteed.

More recent commentary from other Fed officials points to continued dissent, and CME Group’s (NASDAQ:CME) FedWatch tool currently shows an almost even split between a cut or a pause.

That uncertainty weighed on gold and silver prices as the week drew to a close. Gold was at the US$4,080 level as of Friday (November 14) afternoon, while silver was around US$50.60.

Bullet briefing — New Orleans takeaways

For our bullet briefing this week, I want to share a few highlights from the New Orleans Investment Conference, which our team attended from November 2 to 5.

At the time, the gold price was around US$4,000 and the silver price was in the US$48 dollar range, and my main takeaway from the experts I heard from was that the pullback would be temporary.

Given this week’s price activity, it looks like that idea is already being proven right. That said, it’s worth noting that most of the people I heard from weren’t expecting such a quick turnaround — in general, the consensus was that prices could remain at lower levels for weeks or months, with some saying gold could fall as low as US$3,600.

Does that mean a deeper correction is coming? Time will tell…

On that note, another topic that came up at the event frequently was taking profits. Quite a few people discussed how they did some trimming in October, when gold and silver prices were really running, and then put the money to work in other parts of the market.

For example, Rick Rule of Rule Investment Media talked about how he sold 25 percent of his junior gold stocks at that time. Here’s how he explained his decision:

‘We were in a period five weeks ago where there were no asks, there were all bids. And I’ve learned in the market to do what’s easy. If there’s no bids, be a bid. If there’s no asks, be an ask. And the sector was white hot. There were so many junior financings, and when a company’s financing, they’re telling you that your cash is worth more than their stock. Well, they should know what their stock is worth. Since they were selling, I decided I would sell some too.

‘But what was most important to me was personal. I’ve been a heavy investor in the sector since 2020, and I was at a period of time where I could, by selling a quarter of my position, recoup all of my capital and pay the capital gains tax and have the rest for free. I can be very patient with that remaining 75 percent.’

He redeployed the cash he got from selling gold juniors into physical gold, Agnico Eagle Mines (TSX:AEM,NYSE:AEM), Franco-Nevada (TSX:FNV,NYSE:FNV), Wheaton Precious Metals (TSX:WPM,NYSE:WPM) and oil and gas stocks.

Finally, while I’m always keen to understand what’s happening now, I also wanted to use this conference to start talking about what sectors will do well in 2026.

I asked almost all of my interviewees what they think next year’s top-performing asset will be, and I was surprised to get a fairly wide variety of responses.

Precious metals were definitely mentioned, with multiple people saying that while silver has made impressive moves this year, it hasn’t truly had a chance to shine.

But copper was also brought up numerous times, as was uranium. And I got a couple of outlier responses, including emerging markets, which Peter Schiff of Euro Pacific Asset Management discussed, and oil and gas, which Rule said would be his pick for top-performing asset in terms of risk to reward.

Rule also highlighted small-scale community banks in the US.

You can view the full New Orleans Investment Conference playlist here.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Investing

Gold’s Long Game: New Orleans Panelists See More Upside Ahead

During the Mining Share panel at the New Orleans Investment Conference, participants underscored that the gold bull market will continue — however, just where we are in that bull run was up for debate.

For conference host and Gold Newsletter editor Brien Lundin, there is still some way to go.

“The gold bull market is still in place. We don’t know how long it’s going to last. That’s the hard part. I think gold’s going to US$6,000 to US$8,000 (per ounce) in the cycle, maybe more. (The) mining share bull market, I would say we’re probably in the fourth inning, fifth inning, maybe. But you know, we could go to extra innings,” he said.

Strategic investor Jeff Phillips also believes the gold bull market is at an early stage.

‘I would say that we are in the third or fourth inning,” he said. “This is early on in the bull market, but I do think there’ll be a rain delay, since we’re talking about baseball terminology. I think this is an epic bull market that we’re in.”

Phillips went on to compare today’s setup to past cycles, noting the strong run gold saw between 2003 and 2007, before the financial crisis briefly derailed momentum. Although he anticipates another correction at some point, he remains confident in the broader bull market and said he is continuing to buy and stay patient.

For Jordan Roy-Byrne, understanding the difference between a secular and cyclical bull market is imperative.

“Secular — that’s the major long-term trend that usually lasts a decade or longer. Cyclically, it can be anywhere from two to five years or so,’ explained the editor and publisher of the Daily Gold.

“I think the cyclical bull has three or four more years left. The risk when that gets long in the tooth is then you have what happened at 1975 to 1976, and also 2008 — that’s when you have your 65 or 60 percent decline in the shares.”

Although Roy-Byrne believes that type of correction is “far off into the future,” he was adamant that something like that will happen before the current secular bull market comes to an end.

Jennifer Shaigec, principal at Sandpiper Trading, said central bank buying shows the bull market is in its infancy.

“I think we’re still actually in fairly early innings,” she said. “The underlying fundamentals for why central banks have been buying gold have not changed. In fact, I can see it accelerating.”

Shaigec went on to acknowledge that gold often experiences a seasonal dip at this time of year, and that some investors may be waiting for a pullback. But she emphasized that the broader fundamentals remain strong.

Drawing a parallel to 2008, when gold fell about 22 percent before rebounding above previous highs within six months, she urged investors to keep a long-term perspective and be mentally prepared for short-term volatility. Shaigec also pointed out that gold has historically been among the first assets to recover after market downturns.

Rounding out the panel, Nick Hodge, publisher at Digest Publishing, told attendees that the gold correction has found short-term support at the US$4000 level, but longer-term support is around US$3,600.

“All the fundamental drivers, ie. the debt, central bank buying, etc., are still in place and haven’t abated,” he said. “Silver hasn’t had its move yet, so that tells me we still have some time to go. And GDX, GDXJ just started outperforming the gold price in August, so it’s still early to the middle days in the precious metal bull market.”

What’s next for the gold price?

From there, panel moderator and well-known investor Rick Rule, proprietor at Rule Investment Media, emphasized that the recent pullback in gold is minor in the context of a much larger, long-running bull market.

Rule agreed with Roy-Byrne’s distinction between cyclical dips and broader secular trends, noting that many investors seem rattled by what is essentially a normal fluctuation.

He pointed out that gold is still up dramatically over the past year, and that past cycles have seen far sharper drops — including a 50 percent decline in 1975 — that ultimately didn’t break the long-term trend.

Noting that precious metals cycles tend to follow a familiar pattern, beginning with strength in gold and moving outward into other segments, Rule asked the panel participants which companies in the gold sector — explorers, developers or potential M&A targets — are now best positioned as the market progresses.

For Hodge, exploration and brownfields development are a strong choice as the precious metals cycle evolves.

He noted that the VanEck Gold Miners ETF (ARCA:GDX) outperformed gold over the summer, prompting some investors to take profits and rotate capital into earlier-stage opportunities — momentum he expects to continue.

Hodge added that market cycles now move faster due to the speed of information, accelerating the shift from producers to companies further down the value chain as miners look to replace reserves.

Additionally, he pointed to a growing influx of risk-tolerant investors who cut their teeth in crypto and are increasingly drawn to gold and mining equities as they learn about fiat currency and counterparty risk. Their appetite for speculation, he said, is likely to push more capital into smaller, higher-risk exploration names over the next year.

Shaigec echoed Hodge’s sentiment.

“I agree there’s a lot of speculative money that has yet to rotate over to precious metals,” she said.

“I’m seeing a lot of oversubscribed private placements. I just think that juniors are still the place to be. There’s some grassroots exploration, which actually hit an all-time low in 2023, and we’ve still had decades of lack of investment in exploration. We have a lot of room yet to run there,’ Shaigec added.

Roy-Byrne advised watching silver, underscoring the value that gold’s sister metal has yet to gain.

“Silver, after this correction, has a chance to make a historic move,” he told the audience. “We’re probably going to see a lot of money jump in next year when that happens.”

Referring to an analogy he once heard, Phillips compared a precious metals bull market to the crack of a whip: producers move first, followed by mid-tier and single-asset developers, with exploration companies snapping into action at the very end. In his view, the market is only just reaching that final stage, and explorers have yet to see real upside.

Phillips also echoed other panelists’ comments that younger crypto investors are becoming more aware of inflation, money printing and the value of hard assets.

That shift, he said, is already showing up in unconventional moves, from stablecoin companies buying gold royalties to major tech firms and even governments directing capital into mining-related assets.

All of that suggests the speculative end of the sector is only beginning to come alive, he said.

Expert stock picks — Gold, silver, copper, nickel and uranium

Toward the end of the discussion, Rule asked each panelist to provide stock picks for the attentive audience.

First was Lundin, who praised the list of more than 100 exhibitors at the 51st New Orleans Investment Conference.

He recommended Delta Resources (TSXV:DLTA,OTCQB:DTARF), highlighting its “large, still undefined, gold resource in the Thunder Bay region.” He also likes Getchell Gold (CSE:GTCH,OTCQB:GGLDF), a company focused on gold in Nevada, and Seabridge Gold (TSX:SEA,NYSE:SA), which he dubbed a “permanent optionality play.”

For Phillips, Empress Royalty’s (TSXV:EMPR,OTCQB:EMPYF) management team, cashflow-positive status and focus on gold and silver puts the company at the top of his list.

Almadex Minerals (TSXV:DEX,OTCQX:AAMMF), where management has a history of finding multimillion-ounce deposits, and prospect generator Headwater Gold (CSE:HWG,OTCQB:HWAUF), were also among his stock selections.

Shaigec veered away from precious metals in recommending SPC Nickel (TSXV:SPC,OTCQX:SPCNF), a company with good geology and a management team that owns 36 percent of the firm’s shares.

She also mentioned Pacifica Silver (CSE:PSIL,OTCQB:PAGFF) citing the company’s recent private placement, which included First Majestic Silver (TSX:AG,NYSE:AG). Her last stock pick and “absolute favorite” is Camino Minerals (TSXV:COR,OTCID:CAMZF), a Peru-focused copper company with good management.

Rounding out the list were Hodge’s selections, starting with Northshore Uranium (TSXV:NSU) due to its US deposit. He also chose Kincora Copper (TSXV:KCC,OTCQB:BZDLF), citing its small market cap, strong investor interest and robust portfolio, and Kingsmen Resources (TSXV:KNG,OTCQX:KNGRF), a company that has seen its share price grow from C$0.25 to C$0.75 in the last year.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Investing

Dana Samuelson: Gold, Silver in Global Bank Run, Prices on Hair Trigger

Dana Samuelson, president of American Gold Exchange, discusses this year’s unusual market dynamics for gold and silver, saying there have been three big moves of physical metal.

‘To me, this is literally a run on the bank of gold globally — it’s global, it’s widespread and it’s deep, and I don’t see it changing anytime soon,’ he explained.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Economy

More than 1,000 Starbucks workers strike at 65 stores on Red Cup Day

More than 1,000 unionized Starbucks workers went on strike at 65 U.S. stores Thursday to protest a lack of progress in labor negotiations with the company.

The strike was intended to disrupt Starbucks’ Red Cup Day, which is typically one of the company’s busiest days of the year. Since 2018, Starbucks has given out free, reusable cups on that day to customers who buy a holiday drink. Starbucks Workers United, the union organizing baristas, said Thursday morning that the strike had already closed some stores and was expected to force more to close later in the day.

Starbucks Workers United said stores in 45 cities would be impacted, including New York, Philadelphia, Minneapolis, San Diego, St. Louis, Dallas, Columbus, Ohio, and Starbucks’ home city of Seattle. There is no date set for the strike to end, and more stores are prepared to join if Starbucks doesn’t reach a contract agreement with the union, organizers said.

Starbucks emphasized that the vast majority of its U.S. stores would be open and operating as usual Thursday. The coffee giant has 10,000 company-owned stores in the U.S., as well as 7,000 licensed locations in places like grocery stores and airports.

As of noon Thursday on the East Coast, Starbucks said it was on track to meet or exceed its sales expectations for the day at its company-owned stores.

“The day is off to an incredible start,” the company said in a statement.

Around 550 company-owned U.S. Starbucks stores are unionized. More have voted to unionize, but Starbucks closed 59 unionized stores in September as part of a larger reorganization campaign.

Here’s what’s behind the strike.

Striking workers say they’re protesting because Starbucks has yet to reach a contract agreement with the union. Starbucks workers first voted to unionize at a store in Buffalo in 2021. In December 2023, Starbucks vowed to finalize an agreement by the end of 2024. But in August of last year, the company ousted Laxman Narasimhan, the CEO who made that promise. The union said progress has stalled under Brian Niccol, the company’s current chairman and CEO. The two sides haven’t been at the bargaining table since April.

Workers say they’re seeking better hours and improved staffing in stores, where they say long customer wait times are routine. They also want higher pay, pointing out that executives like Niccol are making millions and the company spent $81 million in June on a conference in Las Vegas for 14,000 store managers and regional leaders.

Dochi Spoltore, a barista from Pittsburgh, said in a union conference call Thursday that it’s hard for workers to be assigned more than 19 hours per week, which leaves them short of the 20 hours they would need to be eligible for Starbucks’ benefits. Spoltore said she makes $16 per hour.

“I want Starbucks to succeed. My livelihood depends on it,” Spoltore said. “We’re proud of our work, but we’re tired of being treated like we’re disposable.”

The union also wants the company to resolve hundreds of unfair labor practice charges filed by workers, who say the company has fired baristas in retaliation for unionizing and has failed to bargain over changes in policy that workers must enforce, like its decision earlier this year to limit restroom use to paying customers.

Starbucks says it offers the best wage and benefit package in retail, worth an average of $30 per hour. Among the company’s benefits are up to 18 weeks of paid family leave and 100% tuition coverage for a four-year college degree. In a letter to employees last week, Starbucks’ Chief Partner Officer Sara Kelly said the union walked away from the bargaining table in the spring.

Kelly said some of the union’s proposals would significantly alter Starbucks’ operations, such as giving workers the ability to shut down mobile ordering if a store has more than five orders in the queue.

Kelly said Starbucks remained ready to talk and “believes we can move quickly to a reasonable deal.” Kelly also said surveys showed that most employees like working for the company, and its barista turnover rates are half the industry average.

Unionized workers have gone on strike at Starbucks before. In 2022 and 2023, workers walked off the job on Red Cup Day. Last year, a five-day strike ahead of Christmas closed 59 U.S. stores. Each time, Starbucks said the disruption to its operations was minimal. Starbucks Workers United said the new strike is open-ended and could spread to many more unionized locations.

The number of non-union Starbucks locations dwarfs the number of unionized ones. But Todd Vachon, a union expert at the Rutgers School of Management and Labor Relations, said any strike could be highly visible and educate the public on baristas’ concerns.

Unlike manufacturers, Vachon said, retail industries depend on the connection between their employees and their customers. That makes shaming a potentially powerful weapon in the union’s arsenal, he said.

Starbucks’ same-store sales, or sales at locations open at least a year, rose 1% in the July-September period. It was the first time in nearly two years that the company had posted an increase. In his first year at the company, Niccol set new hospitality standards, redesigned stores to be cozier and more welcoming, and adjusted staffing levels to better handle peak hours.

Starbucks also is trying to prioritize in-store orders over mobile ones. Last week, the company’s holiday drink rollout in the U.S. was so successful that it almost immediately sold out of its glass Bearista cup. Starbucks said demand for the cup exceeded its expectations, but it wouldn’t say if the Bearista will return before the holidays are ove

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Politics

Democrat civil war erupts after moderate accuses progressive of undermining ‘free and fair elections’

Congressional Democrats are warring after one of their own moderates moved to force a vote on formally rebuking a progressive lawmaker, accusing him of undermining the U.S. Constitution with his 2026 announcement.

Rep. Marie Gluesenkamp Perez, D-Wash., stunned fellow lawmakers on Wednesday evening when she filed what’s known as a privileged resolution aimed at scolding Rep. Jesús ‘Chuy’ García, D-Ill., for a move that effectively appeared to clear a path for his chief of staff to run for his seat.

It brought an onslaught of attacks from García’s fellow progressives, like Rep. Delia Ramirez, D-Ill., who accused Gluesenkamp Perez of using it as a distraction from her vote to reopen the government.

‘Going after a strong progressive Latino leader the same day that you vote for a slush fund for Republicans involved in January 6 does not scream democratic values,’ Ramirez wrote on X. ‘It is disappointing that someone willing to compromise working families’ healthcare would use this moment for a cheap political stunt aimed at distracting people from an indefensible vote on tonight’s [continuing resolution].’

García had filed for re-election in late October before abruptly reversing course just before the filing deadline, citing his doctor’s recommendations and a desire to spend time with family.

His chief of staff, Patty García, ‘quickly mobilized a campaign and became the only Democratic candidate prepared to file,’ according to Fox 32 Chicago.

‘Congressman Chuy García’s stated reasons for retirement are honorable, but his decision to anoint an heir is fundamentally undemocratic. This is the kind of thing that makes folks tune out of electoral politics,’ Gluesenkamp Perez said in a statement. ‘Americans bled and died to secure the right to elect their leaders. We can’t expect to be taken seriously in the fight for free and fair elections if we turn a blind eye to election denial on our side of the aisle.’

When reading her resolution of disapproval against García on the House floor, she accused him of ‘undermining the process of a free and fair election’ and said his ‘actions are beneath the dignity of his office and incompatible with the spirit of the Constitution.’

García’s spokesperson responded by saying the congressman followed all proper election guidelines when making ‘a deeply personal decision based on his health, his wife’s worsening condition and his responsibility to the grandchildren he is raising after the death of his daughter.’

‘At a moment like this, he hopes his colleagues, especially those who speak about family values, can show the same compassion and respect that any family would want during a health crisis,’ the spokesperson said.

Rep. Jonathan Jackson, D-Ill., said he was prevented from speaking out to defend García on the House floor.

‘Some people need to learn how to stay in their lane,’ he wrote on X, accusing Gluesenkamp Perez of a ‘lack of decorum.’

Gluesenkamp Perez found an ally in Sen. Andy Kim, D-N.J., however, who said on X, ‘Rep Chuy Garcia’s decision to end his re-election at the last second and plant his chief of staff as the only candidate to succeed him was undemocratic and should not be allowed.’

‘Standing against corruption means standing up no matter which political party violates. The House should condemn and steps need to be taken to restore the people’s right to choose,’ Kim wrote.

Michael T. Morley, Florida State University’s election law center director, said that while he sees Gluesenkamp’s point, he doesn’t believe her complaint raises a legal controversy.

‘It’s one thing to talk about general principles of democracy, right? And it’s something else to talk about constitutional restrictions,’ Morley told Fox News Digital. ‘So, on the one hand, yes, if people are intentionally gaming the system, if they’re working together to try to deprive voters of a meaningful opportunity to make a choice among candidates and manufacture situations where only one person is on the ballot — then yes, obviously, I think that that is directly in tension with democratic principles.’

‘But not all democratic principles are embodied in the Constitution. And this is not the sort of situation where current precedent really creates a good mechanism for anybody to bring a challenge.’

He noted that beyond political expectations, nothing García did would have prevented a challenger from launching their own bid.

Fox News Digital reached out to Gluesenkamp Perez’s office for an interview.

This post appeared first on FOX NEWS

Politics

Jack Smith meeting with then-FBI Director Wray recorded as ‘significant case notification’ in J6 probe

Former Special Counsel Jack Smith met with then-FBI Director Christopher Wray months after he began investigating the Jan. 6, 2021, Capitol riots and the 2020 election, Fox News Digital has learned.

Grassley, R-Iowa, and Johnson, R-Wis., are currently reviewing the documents as part of their joint investigation into Smith’s ‘Arctic Frost’ probe.

The information was included as part of a ‘significant case notification’ drafted by the FBI’s Criminal Investigative Division May 25, 2023.

‘On 5/24/2023, Special Counsel Jack Smith met with FBI Director Wray,’ the document reads.

The meeting took place just a day before the FBI’s Criminal Investigative Division created the ‘Significant Case Notification’ document.

An FBI ‘significant case notification’ is an internal record used by the bureau to alert senior leadership and FBI field offices about a case of high public interest. This notification provided a case update on ‘Arctic Frost,’ which the bureau considered a ‘sensitive investigative matter.’

‘Jack Smith claims he wants to tell his story to Congress, but when I asked him point-blank if he ever met with Garland, Monaco, or Wray as part of his investigation, he refused to answer,’ Grassley told Fox News Digital.

The revelations are significant, as Grassley, in October, sent a letter that specifically asked Smith whether he had met with Wray, then-Attorney General Merrick Garland, then-Deputy Attorney General Lisa Monaco or then-FBI Deputy Director Paul Abbate.

Smith replied to Grassley, but declined to share information about any of his meetings with those officials.

‘Either Smith has a bad memory, or he’s simply not willing to come clean about his actions,’ Grassley told Fox News Digital, adding that if Smith ‘really wanted the American people to hear the truth, he’d be cooperating with my straightforward congressional oversight requests instead of making excuses.’

‘I’m going to continue investigating to ensure the public gets full transparency,’ Grassley said.

Smith, in October requested to testify in open, public hearings before the House and Senate Judiciary Committees.

‘Given the many mischaracterizations of Mr. Smith’s investigation into President Trump’s alleged mishandling of classified documents and role in attempting to overturn the results of the 2020 election, Mr. Smith respectfully requests the opportunity to testify in open hearings before the House and Senate Judiciary Committees,’ Smith attorneys Lanny Breuer and Peter Koski wrote.

Smith did not immediately respond to Fox News Digital’s request for comment.

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Politics

DAVID MARCUS: Why Republicans desperately need a Trump-centered midterm convention

The postmortems for Republicans’ lackluster results in this month’s spate of elections in New Jersey, Virginia and beyond are in, and while pet theories abound, there is one thing almost everyone agrees on: In the age of President Donald Trump, the GOP does not fare well when he is not on the ballot.

The question for Republicans in tough congressional campaigns across the country is how they can symbolically get Trump on the ballot, and more importantly, get his often reluctant voters to the polls to fill out said ballots.

The best way to achieve this goal is an idea that Trump himself has floated, a midterm national Republican convention that showcases the party’s achievements under Trump’s second term and that makes it crystal clear that Americans won’t just be voting for Congress, but for Trump’s agenda.

The success of the 2024 Republican National Convention in Milwaukee was a bit overshadowed by assassination attempts and top of the ticket shakeups, but it is widely and rightly regarded as one of the best ever staged, and it made a difference.

The RNC was not only excellent prime-time television that showcased the priorities of the Trump GOP, it was an even better live event on the ground, cornhole courts and bars and restaurants created a festive, even joyous atmosphere.

This live event feeling could be amplified by satellite parties, even if the main convention is in Philadelphia for the 250th anniversary of America, or Chicago, to celebrate the birth of the Republican Party. Every city and town could have its own smaller version.

The power of such live events is something that both President Trump and the late founder of Turning Point USA, Charlie Kirk, understood intuitively. If the midterm convention could be part Trump rally, part TPUSA party, well, that’s a powerful combination.

The most important reason why a midterm convention is vital is to put Trump front and center in the election. By then his signature One Big, Beautiful Bill Act will have cut taxes on tips and overtime, some of the trillions of new investment will be taking root, and Trump will be able to point to these achievements.

One thing that was notably missing in this most recent off-year election season was any emphasis on the Make America Healthy Again wing of the Trump movement led by Health and Human Services head Robert F. Kennedy Jr.

That was a mistake, Kennedy’s focus on making sure we aren’t poisoning our kids played a massive role in Trump’s 2024 win. A midterm convention could put the issue back on the table, and MAHA moms everywhere back in play.

This convention would also highlight Trump’s all but miraculous closing of the southern border, and celebrate, rather than denigrate, federal officials working to rid the nation of criminal illegal aliens.

Trump’s message would be simple: ‘I’ve got two more years to do what you put me in office to do, but to do it, I need Congress.’

If Republicans get really lucky, then holding a midterm convention might lead Democrats to hold one of their own, an exercise that could not help but betray the deep divisions in their ranks.

Who would speak at the DNC? Who would be welcome? Socialist mayor of New York City Zohran Mamdani or Sen. John Fetterman, D-Pa., or maybe both at once yelling at each other about who’s a Zionist and who’s an antisemite. You see my point?

Trump is perhaps first and foremost a showman. That can be colored as a criticism or assessed as an asset, but it cannot be denied. The best chance that Republicans have in 2026 is to let him put on his show.

Although I am told that conversations have occurred behind the scenes in preparation for a potential midterm convention, it would still be a heavy lift. Usually there are four years to plan these things, not six months. But the Trump movement has the infrastructure and wherewithal to pull it off.

The ‘Trump Rally’ will go down in history, alongside the Lincoln-Douglas debates and President Franklin Delano Roosevelt’s fireside chats, as one of the most successful forms of political communication our nation has ever seen. My sense is that voters are up for one more encore performance.

Letting Trump be Trump might not just be the best strategy for Republicans in 2026, it might be the only one. And hey, if you’re going to lose anyway, why not go out with a party?

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Politics

Former Rep. Louie Gohmert blasts Jack Smith for allegedly targeting his personal phone records in J6 probe

Former Rep. Louie Gohmert blasted ex-Special Counsel Jack Smith for allegedly targeting his personal phone records as part of his investigation into the Jan. 6, 2021 Capitol riots, telling Fox News Digital in an exclusive interview that his action ‘destroys the checks and balances that the founders counted on.’

Fox News Digital exclusively reported Thursday morning that Smith targeted then-House Speaker Kevin McCarthy’s personal, private phone records, as well as Gohmert’s.

Fox News Digital exclusively reviewed the document that FBI Director Kash Patel recently shared with Senate Judiciary Committee Chairman Chuck Grassley and Sen. Ron Johnson containing the explosive revelations. Grassley and Johnson have been leading a joint investigation into Smith’s ‘Arctic Frost’ probe.

According to the document, Smith, on Jan. 24, 2023, allegedly sought the ‘toll records for the personal cell phones of U.S. Speaker of the House Kevin McCarthy (AT&T) and U.S. Representative Louie Gohmert (Verizon.)’

The information was included as part of a ‘significant case notification’ drafted by the FBI’s Criminal Investigative Division May 25, 2023.

‘It is astounding that Jack ‘Frost’ Smith went on this persecution,’ Gohmert told Fox News Digital Thursday. ‘Apparently, this guy has never read the Fourth Amendment because you have to describe with particularity what it is you’re going after — there should be probable cause, and they had no probable cause. They were going on a witch hunt.’

Smith had sought Gohmert’s personal cellphone records from November 2020 through the end of January 2021.

‘They don’t have any regard for the Fourth Amendment,’ he said. ‘It makes Watergate look like school yard folly.’

But Gohmert said it is the ‘principle.’

‘It is the separation of powers that is the problem,’ Gohmert explained. ‘People and whistleblowers contacted me regularly from within the DOJ and the FBI about overreach within the FBI and DOJ. By grabbing my records, they could stifle reporting of potential crimes by people within the agencies.’

‘You can’t just go seize members of Congress’ records even with a warrant because of that separation of powers,’ Gohmert said. ‘There has to be a wall and that’s what troubles me more than anything.’

Gohmert told Fox News Digital that he didn’t remember who he spoke with during the time period Smith sought records, but said that ‘the last thing I want is for someone who trusted me to keep their name private to have some jack-booted thug like Jack ‘Frost’ Smith grab my records and find out who is tattle tailing on him.’

He added: ‘It violates and destroys the checks and balances that the founders counted on.’

Gohmert, though, told Fox News Digital that he trusts the current Justice Department and FBI leadership.

‘I trust the DOJ and trust the people running the FBI,’ he said. ‘We’ll see if there were any crimes committed and, if following the Constitution, they can be properly prosecuted.’

Meanwhile, McCarthy said he will take legal action against Smith.

‘Jack Smith’s radical and deranged investigation was never about finding the truth,’ McCarthy told Fox News Digital. ‘It was a blatant weaponizing of the Justice Department to attack political opponents of the Biden administration. Perhaps no action underscores this point more than the illegal attempt to access the phone records of sitting members of the House and Senate — including the Speaker of the House.’

‘His illegal targeting demands real accountability,’ McCarthy continued. ‘And I am confident Congress will hold hearings and access documents in its investigation into Jack Smith’s own abuses.’

‘At the same time, I will ask my own counsel to pursue all areas of redress so this does not happen to anyone else,’ McCarthy said.

The revelations come after Fox News Digital exclusively reported in October that Smith and his ‘Arctic Frost’ team investigating the Jan. 6, 2021, Capitol riots were tracking the private communications and phone calls of nearly a dozen Republican senators as part of the probe, including Sens. Lindsey Graham of South Carolina, Marsha Blackburn of Tennessee, Ron Johnson of Wisconsin, Josh Hawley of Missouri, Cynthia Lummis of Wyoming, Bill Hagerty of Tennessee, Dan Sullivan of Alaska, Tommy Tuberville of Alabama and GOP Rep. Mike Kelly of Pennsylvania.

An official told Fox News Digital that those records were collected in 2023 by Smith and his team after subpoenaing major telephone providers.

Smith has called his decision to subpoena and track Republican lawmakers’ phone records ‘entirely proper’ and consistent with Justice Department policy.

‘As described by various Senators, the toll data collection was narrowly tailored and limited to the four days from January 4, 2021 to January 7, 2021, with a focus on telephonic activity during the period immediately surrounding the January 6 riots at the U.S. Capitol,’ Smith’s lawyers wrote in October to Grassley.

Grassley, R-Iowa, and Johnson, R-Wis., have been investigating the matter.

An FBI official told Fox News Digital that ‘Arctic Frost’ is a ‘prohibited case,’ and that the review required FBI officials to go ‘above and beyond in order to deliver on this promise of transparency.’ The discovery is part of a broader ongoing review, Fox News Digital has learned.

Smith, after months of investigating, charged President Donald Trump in the U.S. District Court for Washington, D.C., in his 2020 election case, but after Trump was elected president, Smith sought to dismiss the case. Judge Tanya Chutkan granted that request.

Smith’s case cost taxpayers more than $50 million.

Smith did not immediately respond to Fox News Digital’s request for comment.

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Politics

Trump DOJ opens mortgage fraud probe into Eric Swalwell as congressman vows to keep fighting back

The Department of Justice under President Donald Trump has opened a probe into Rep. Eric Swalwell, D-Calif., over alleged mortgage fraud, Fox News has confirmed.

In response, Swalwell said he was not surprised to be targeted by Trump and vowed to keep speaking out while pursuing his lawsuit.

‘As the most vocal critic of Donald Trump over the last decade and as the only person who still has a surviving lawsuit against him, the only thing I am surprised about is that it took him this long to come after me,’ the California lawmaker said.

‘Like James Comey and John Bolton, Adam Schiff and Lisa Cook, Letitia James and the dozens more to come – I refuse to live in fear in what was once the freest country in the world.

‘Of course, I will not end my lawsuit against him. And I will not stop speaking out against the President and speaking up for Californians,’ he continued. ‘As Mark Twain said, ‘Patriotism is supporting your country all the time, and your government when it deserves it.’ Mr. President, do better. Be better.’

The probe, which was first reported by NBC, will investigate allegations of millions of dollars in loans and refinancing were based on Swalwell declaring that his primary residence was in Washington, D.C., a person familiar with the referral told the news organization.

According to the report, the director of the Federal Housing Agency, Bill Pulte, sent Attorney General Pam Bondi a letter on Wednesday accusing Swalwell of possibly making false or misleading statements on loan documents.

The source also reportedly told NBC the investigation is into possible mortgage fraud, tax fraud at the state and local level, insurance fraud and any related crimes.

Fox News Digital has reached out to the Department of Justice for comment on the matter.

Swalwell has been one of Trump’s most outspoken critics, and last month he faced scrutiny over a ‘bizarre inconsistency’ in his campaign’s Federal Election Commission filings that list several different reasons for payments to a Haitian American staffer totaling more than $360,000.

FEC filings from Swalwell for Congress and his Remedy PAC, dating back to 2021, show more than 75 payments to staffer Darly Meyer, ranging from $53 to more than $12,000 for various reasons.

Meyer received 27 payments last year totaling more than $120,000 and is on pace to earn a similar amount in 2025. The filings list multiple explanations for the disbursements, including travel, car and security services, and salary, as well as reimbursements for personal travel expenses, event flowers, and postage.

Over the years, Swalwell’s campaign has reported numerous expenditures on luxury car services, expensive restaurants, and high-end hotels in international cities such as Dubai, Berlin, Paris and London.

Swalwell also claimed there was strong evidence of collusion between Russia and Trump, but those claims were contradicted by when we.

Durham’s report, released in 2023, found intelligence agencies lacked ‘actual evidence of collusion’ to justify launching the Trump-Russia probe. The findings echoed Robert Mueller’s 2019 report, which found no criminal conspiracy between Trump’s campaign and Russia.

This is a developing story and will be updated as more information becomes available.

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Politics

DOJ seeking suspect after attack on US Attorney Alina Habba’s office

Attorney General Pam Bondi announced Thursday that an individual attempted to confront Acting U.S. Attorney for the District of New Jersey Alina Habba on Wednesday night, ‘destroyed property in her office’ and then ‘fled the scene.’

‘Thankfully, Alina is ok,’ Bondi added. ‘Any violence or threats of violence against any federal officer will not be tolerated. Period. This is unfortunately becoming a trend as radicals continue to attack law enforcement agents around the country.’

‘We will find this person, and the individual will be brought to justice. Our federal prosecutors, agents, and law-enforcement partners put their lives on the line every day to protect the American people, and this Department will use every legal tool available to ensure their safety and hold violent offenders fully accountable,’ Bondi also said.

Habba said following the incident that, ‘I will not be intimidated by radical lunatics for doing my job.’

The Justice Department, on its website, said, ‘As Acting U.S. Attorney and Special Attorney to the United States Attorney General,’ Habba ‘is responsible for overseeing all federal criminal prosecutions and the litigation of all civil matters in New Jersey in which the federal government has an interest.

‘Including the offices in Newark, Camden, and Trenton, Ms. Habba supervises a staff of approximately 155 federal prosecutors and approximately 130 support personnel,’ according to the Justice Department.

Further details about the attack were not immediately available.

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