With Israel preparing for an attack on Rafah against the will of the international community, that is likely to give way to increased terrorist attacks on shipping in the Red Sea area and perhaps elsewhere in the world. In fact, a tanker was hit over the weekend, but the fire was contained.

It also appears that Russia and Ukraine are stepping up attacks on energy-related facilities and that could also yield sudden flight to quality lift for gold and bitcoin.

Unfortunately for the bull camp, the US dollar showed significant strength at the end of last week and appears to have entered an uptrend pattern and that is likely to provide consistent headwinds for precious metal prices...[MORE]

Please subscribe to receive the full report via email by clicking here.