Strait of Hormuz Tensions

[ThaddeusFinch]

If things heat up again around the Strait of Hormuz, here's what I'd be watching:

🛢️ Oil ⬆️
🥇 Gold ⬆️
💵 USD ⬆️ (maybe)
📉 Stocks ⬇️
🛡️ Defense stocks ⬆️

If shipping through Hormuz is disrupted, oil is likely to be the biggest mover.

What do you all think? Anything else on your radar?

 

[timsk]

. . . What do you all think? Anything else on your radar?

Hi TF,
I agree with your assessment - but not on the same timeframe. By that I mean gold will rise in the medium to long term, but since the outbreak of the U.S. war with Iran, its relationship with oil has been inverse: gold falls when oil rises. By the same token, I think the USD$ is being kept artificially high. Its days as the world's reserve currency are numbered and, like all other fiat currencies, it'll go the way of the dodo. It's simply a question of time.

If you're not already familar with maneco64 YouTube channel, his views make the most sense to me. Enjoy . . .