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The Good Morning Report – 24th July 2026

Posted on July 24, 2026

5 Things that Grabbed my Attention

1. Houthis not mucking around – they bombed a Saudi OIL tanker in the Red Sea….Brent Crude spiked above US$100 a barrel, metals, stocks and bonds were sold as money poured into the perceived safety of the USD.

2. The narrative at the moment is surging OIL is bad for PRECIOUS METALS, but that position is not backed by history. In the 1970’s we had a number of OIL shocks and booming METALS – so positive correlation….What is happening right now is fantastic for us – just have to be patient and watch it play out.

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