Pre-dawn Tuesday began with the news the US president is again wanting to take Greenland, a move that would bring and end to NATO.
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Despite all continued geopolitical chaos, global stock markets continue to move higher.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis. However, the uncertainty and fear of global investors is evident in the extended gains registered in the Metals sector.
Morning Summary: When the first piece of news one hears in the morning is the US president says he wants Greenland, it’s time to put away the coffee and go for something stronger. The reaction from Denmark, and other countries, is a military attack by the US on Greenland would end NATO, fitting with the plan drawn up by Russia’s Putin and China’s Xi nearly four years ago. So, well done Three Amigos. The second line of discussion had to do with how global markets generally shrugged off this past weekend’s events with the same US president saying he now runs Venezuela. I first heard this question early Monday in a message that read, “It seems like there’s not much of anything that can cause panic (in markets)”. That being said, gold’s Cash Index (GCY00) added as much as $26.39 (0.5%) overnight while silver’s Cash Index (SIY00) rallied as much as $2.73 (3.6%). What continues to drive silver higher? The increased threat of China treating Taiwan like the Russia treated Ukraine and the US treated Venezuela, disrupting the supply of high-tech electronics and semi-conductors. In other news, Asian stock markets closed higher Tuesday, European markets were mostly higher in early trade, and US stock index futures were quietly in the red across the board.
