Good Thursday morning. It’s a bit of a risk-off vibe this morning on the heels of fresh tariff threats, the tragic Air India Boeing 787 crash (Boeing is down 7%) and increased risks of Israeli military action against Iran. As you’ve no doubt seen, the war mongers in the military industrial complex are feeding their propaganda outlets. Dow futures -300.

If this early morning stock market setback is like 100% of the others we’ve seen, post the 4/7 bear market lows, we already know how this movie will end (with stocks inching closer and closer to new ATH’s, then much higher still).

It’s interesting that while gold is up $57 to $3400/oz (+1.7%) oil is actually down 1.7%. This means that golds move higher has very little to do with tensions over Iran. Gold is rising…and will continue to rise…because the global fiat and debt issuance tsunami will only grow more obscene from here. As the only true currency on the planet, gold must be owned in every portfolio.

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