Operation Save America

In 1985, under the banner of Artists United Against Apartheid, guitarist Steven Van Zandt and producer Arthur Baker brought together more than 50 artists from rock, hip-hop, jazz and world music to record the protest song “Sun City” and its accompanying album.

Their message: We will not perform at Sun City, the luxe whites-only South African resort that stood as a symbol of apartheid’s inequality.

It was a defiant stand that declared some gigs just aren’t worth the money.

Four decades later, American comedians have done the opposite. And the moral backslide is breathtaking…

Send your opinions to, feedback@newsyoucanacton.com

Your Rundown for Wednesday, October 22, 2025...

No Laughing Matter

The Riyadh Comedy Festival (Sept. 26–Oct. 9, 2025) was marketed as the “world’s largest” celebration of stand-up and promoted as proof of new openness in the Kingdom.

The event was part of a broader strategy: Saudi Arabia’s buying golf, soccer, video gaming and now stand-up comedy to… sandblast its bloody reputation.

It’s ironic, for example, that the festival coincided with the grim anniversary of journalist Jamal Khashoggi’s disappearance.

On Oct. 2, 2018, the Saudi dissident and U.S. resident walked into the Saudi consulate in Istanbul to apply for marriage documents. And he never walked out.

A UN special report later concluded there was “credible evidence” of a state-sanctioned murder, and Washington’s own assessment pointed to Saudi responsibility at the highest level.

Meanwhile, Riyadh’s Deera Square is located about 15 miles away from the comedy festival’s venue. Known as “Chop-Chop Square,” the site hosted public beheadings on Fridays until 2019.

Today, if you can believe it, the same plaza has been remade into an entertainment complex where visitors can sip specialty “mocktails,” dine at pricey restaurants and browse souvenir shops.

The bloodshed, nonetheless, continues.

In 2024, Saudi Arabia executed at least 345 individuals — some of them minors, many for drug offenses. It’s the highest number in decades, according to Amnesty International.

Then there’s neighboring Yemen where years of Saudi-led airstrikes and blockades on ports and airspace have helped drive one of the worst humanitarian crises in modern history.

This year alone, officials warn more than 17 million Yemenis are malnourished, including over 2 million starving children under age five.

Despite this, the comedy festival’s marquee looked like an arena tour of A-list comics: Dave Chappelle, Kevin Hart, Louis C.K., Pete Davidson, Whitney Cummings, Bill Burr and many more.

These comedians accepted six-to-seven figure paychecks, took the stage under a state-sponsored banner and signed contracts with clauses forbidding criticism of Saudi royals and religion.

How did these prominent “truth tellers” explain their involvement?

• Louis C.K. pointed to the presence of a lesbian Jewish comic in the lineup — as if that somehow absolved participants
• Whitney Cummings dismissed critics as “racist,” dodging the issue of human rights
• And Bill Burr praised the polite audience and said the royals “loved the show.”

So glad to hear that Saudis yukked it up… But I’m not laughing.

It’s hard to overstate how these court jesters debased themselves for blood money.

In another era, artists united to boycott regimes like Saudi Arabia.

In 2025, they headline them.

Market Rundown for Wednesday, October 22, 2025

S&P 500 futures are up 0.05% to 6,775.

Oil is up 2% to $58.45 for a barrel of WTI.

Gold’s down 1.40% to $4,050.90 per ounce.

Bitcoin is down 3.40% to $108,160.

Just three decades ago, the United States sat atop the global rare-earth industry.

From a sprawling mine in California’s Mojave Desert, the Mountain Pass operation supplied most of the world’s demand for the 17 elements that make up the backbone of modern technology — for magnets, batteries, wind turbines, fighter-jet guidance systems and so much more.

Then that dominance slipped away. What followed was one of the most consequential industrial surrenders of the modern era — one that left Beijing with near-total control of materials vital to the global economy.

The pivot began as American policymakers focused on the end of the Cold War, but China’s leadership was already mapping out a different kind of power play.

In 1991, Beijing formally declared rare earths a “strategic resource” and passed laws that barred foreign firms from owning or operating Chinese deposits.

Tax rebates and cheap financing encouraged domestic producers to flood the market. The result was devastating for higher-cost American competitors.

Your Rundown for Monday, October 20, 2025...

The High Cost of Complacency

At the time, the U.S. had no coordinated industrial policy to match China’s long-term strategy. Washington largely viewed rare earths as just another commodity — subject to market cycles, not national planning. That laissez-faire attitude collided head-on with Beijing’s state-directed model.

In 1995, Chinese state-linked firms bought the rare-earth magnet business that General Motors had developed under the name Magnequench. The deal was approved by U.S. regulators.

Within years, production lines and even American engineers had been transferred to China. As domestic plants shut down, China rapidly built a complete rare-earth supply chain — from ore to high-value finished magnets.

By the mid-2000s, the U.S. rare-earth industry had been hollowed out. Mountain Pass was shuttered amid environmental concerns and falling prices.

With virtually all processing capacity now in Chinese hands, China’s share of global production rose to roughly 97%. The United States — once the uncontested leader — was forced to rely almost entirely on imports from its new rival.

China then used its advantage to lock-in dominance. Beginning around 2005, Beijing imposed export taxes and quotas that made rare-earth supplies for foreign manufacturers both scarce and expensive.

Companies that needed steady access — from auto parts makers to electronics firms — moved their factories to China.

When the Obama administration, the European Union and Japan challenged those quotas at the World Trade Organization, China lost the case in 2014 but responded by briefly flooding the market again, driving down prices and forcing Western miners into bankruptcy.

Molycorp, the American company that tried to resurrect Mountain Pass through its “Project Phoenix,” went bankrupt in 2015.

The mine later reopened under MP Materials, which relied on financing from China’s Shenghe Resources to resume production. Even today, much of Mountain Pass’s output still ends up in China for processing.

By the early 2020s, Washington recognized the depth of its dependence. The Biden and Trump administrations each pledged billions for domestic refining and magnet-making projects, including a Texas refinery by Australia’s Lynas Rare Earths.

Yet Beijing continues to outmaneuver the West — expanding output, undercutting prices and restricting the export of processing technology.

In 2025, China went further, ordering that companies abroad using Chinese rare-earth materials must seek its approval before exporting their finished magnets. The White House calls the move “deeply concerning.”

The message is unmistakable: decades of neglect allowed China to turn a once-U.S.-dominated industry into a geopolitical weapon.

But the U.S. is no longer standing still. New refineries in Texas and California, fresh Pentagon funding, and a push for domestic magnet production suggest Washington finally sees rare earths for what they are — a foundation of national power and a race America still intends to win.

Market Rundown for Monday, October 20, 2025

S&P 500 futures are up 0.30% to 6,720.

Oil is down 0.75% to $57.10 for a barrel of WTI.

Gold’s up 2% to $4,296.60 per ounce.

And Bitcoin is up 1.85% to $111,050.

When books are written about America’s epic trade war with China, the key chapters will be dedicated to semiconductors and rare earth elements (REEs).

These are the two main weapons of this war.

America is steering its semiconductor tank squadron onto the battlefield, while China is loading its rare earth artillery guns.

The U.S. has cut China off from important semiconductors and the tools needed to build them. And China is now choking off the flow of rare earths.

Rare earth elements are necessary for building most modern tech products. Cars, phones, semiconductors, and even military goods like missiles.

And as we know, today China controls the majority of global rare earth mining, refining, and manufacturing.

For decades China has freely supplied the world with cheap REEs and the magnets and other products made with them.

But this wasn’t out of the kindness of the CCP’s heart. It was to build a strategic advantage in an area that’s critical for modern tech.

Now China is utilizing this edge in the trade wars.

Your Rundown for Friday, October 17, 2025...

The American Rare Earth Boom

As China began to seriously limit rare earth exports earlier this year, America has been in “catch-up for 50 years of underinvestment” mode.

As we’ve covered a few times, the Pentagon has now directly invested in a few rare earth deals, most notably MP Materials (MP).

This has caused a massive boom in Western rare earth companies, of which there are only a handful.

Here at Paradigm, our editors nailed the rare earth trade. James Altucher and Enrique Abeyta in particular recommended MP Materials to their members early and did extremely well. MP has risen from $19 at the beginning of this year to $86 today.

But the rare earth trade may be getting a bit ahead of itself. MP currently trades at a $15.9 billion market cap with $242 million of revenue over the past 12 months. The company lost $101 million over that period.

MP has a nice rare earth deposit, and is working on the tech to transform ores into viable tech products. But it does depend on government price floors and investment for its momentum. That valuation isn’t exactly cheap anymore.

And now smaller rare earth plays are getting in on the action, all competing for government cash injections and the stock market boost that will inevitably come with an endorsement from Uncle Sam.

And the government will be investing more. That’s a certainty. America has a lot of catching up to do, and unless we can get to self-sufficiency within a few years, China will continue to use its rare earth dominance as potent leverage in the trade war.

But we should keep in mind that most rare earth plays have little revenue, no profits and will need to overcome major technological hurdles to successfully convert raw rare earth ores into usable products.

We still like the rare earth trade because the government is certainly going to be injecting more cash going forward. But for now, it may have come too far, too fast.

Savvy investors still in this trade may want to consider taking some profits. American rare earth stocks have pulled back a bit from fresh highs earlier this week.

We’ll continue to watch this sector and stocks closely. Our analysts are searching for the best ways to play this sector going forward. Keep an eye on your inbox for updates.

Market Rundown for Friday, October 17, 2025

S&P 500 futures are down 0.05%to 6,665.

Oil is down 0.05% to $57.42 for a barrel of WTI.

Gold’s up 0.05% to $4,309.90 per ounce.

Bitcoin is down 2.35% to $105,570.

On September 2, something strange happened across America’s biggest newsrooms.

CBS, NPR, CNN, ABC, The New York Times, Los Angeles Times — all of them — broke out in perfect harmony.

Their song? That a new Department of Energy (DOE) report questioning mainstream climate orthodoxy was “flawed,” “lacking merit,” and “full of errors.”

Each report used the same buzzwords, the same “85 climate experts” and the same prepackaged verdict.

The target of the media’s synchronized assault was a group of five scientists — John Christy, Judith Curry, Steven Koonin, Ross McKitrick and Roy Spencer — who had published a DOE report called A Critical Review of Impacts of Greenhouse Gas Emissions on the U.S. Climate.

These are not political operatives. Christy and Spencer developed the first global satellite temperature dataset. Koonin served as Undersecretary for Science under President Obama. McKitrick is Canadian; Curry walked away from academia after watching the research process get politicized beyond recognition.

None of that mattered. Within hours, the press branded them the “Trump Team” — a convenient way to discredit scientific research without addressing the data.

But Paradigm’s former White House insider Jim Rickards says that a decade ago representatives from major media outlets met behind closed doors.

They decided the “climate change narrative — what I call the Green New Scam — was losing traction," Jim says. People were tuning out.

So, he says, “the media decided a full-court press was needed.”

Your Rundown for Wednesday, October 15, 2025...

Defying the Green Grift

From that moment on, climate change was woven into nearly every news story — no matter the topic.

“A story on automobile manufacturing had to mention electric vehicles,” Jim says. “A story on the Alps had to mention how warmer weather was hurting the ski industry.”

The goal was simple: to keep fear alive. “We were propagandized day and night, story after story, about climate change regardless of the topic at hand,” he adds.

“Everyday citizens were scared to death that subways would be inundated, islands would be underwater, hurricanes would destroy their favorite resorts and desert heat would destroy the food supply.”

The payoff was even simpler: trillions of dollars in wealth transfers and subsidies, funneling through the hands of what Jim calls “Green New Scammers” — a global class pretending to save the planet while cashing checks.

But then real science showed up. “Experts who were not part of the Green New Scam showed that CO₂ had almost nothing to do with climate,” he says.

The true drivers — “sun cycles, volcanos, ocean currents and other large-scale phenomena” — were simply beyond human control.

And as Jim points out, the climate has always changed: “The Roman Warm Period, the Medieval Warm Period, the Little Ice Age — all long before factories or SUVs.”

Sea levels, he notes, “are rising about seven inches per hundred years… barely enough to get your feet wet in the 22nd century.”

So when the media now move in lockstep to suppress debate — labeling dissenters, smearing scientists and elevating “85 experts” with sketchy credentials — it’s not about science. It’s about control.

Jim calls it what it is: “a psychological operation — a psyop.”

And that brings us back to the heart of Jim’s American Birthright thesis…

America’s real inheritance is the right to question power, follow evidence and develop our own abundant resources — from oil and gas to nuclear and next-generation renewables — without bowing to bureaucrats or media gatekeepers.

“The truth will set you free,” Jim says. And that truth begins with seeing through the fog — and reclaiming the energy, the industry and the independence that make up our American Birthright.

Market Rundown for Wednesday, October 15, 2025

S&P 500 futures are up 0.80% to 6,740.

Oil is up 0.80% to $59.15 for a barrel of WTI.

Gold’s up 0.90% to $4,200.10 per ounce.

Bitcoin is down almost 1%, just under $112K.

When Google’s parent company Alphabet admitted last month that senior Biden administration officials had “conducted repeated and sustained outreach” urging YouTube and Google to remove or suppress certain COVID-related content — even when that content didn’t violate company policy — it confirmed what many of us suspected all along.

The White House wasn’t just “suggesting” moderation. It was leaning on tech giants to carry out political aims — and the companies complied.

According to a September 23 letter to Rep. Jim Jordan, Alphabet acknowledged that Biden officials “pressed” the company on user-generated content and “created a political atmosphere that sought to influence [its] actions.”

The House Judiciary Committee called it what it was: government “jawboning” — the kind of soft coercion that lets politicians skirt the First Amendment and control the flow of information.

And to be completely fair…

• Under Biden, the message was: conform or face the regulator’s hammer. Under Trump? The risk is reputational backlash and possible antitrust retribution for being “too woke.”

Here’s the irony: that pressure may have actually helped Big Tech cement its place at the top of the stock market.

Your Rundown for Monday, October 13, 2025...

Compliance Pays

Under Biden’s regime, the so-called “Magnificent Seven” stocks — Apple, Microsoft, Alphabet, Amazon, Meta, Nvidia and Tesla — became almost untouchable.

These seven stocks made up nearly 30% of the entire S&P 500 by late 2023, a stunning concentration of power.

For social-media firms like Alphabet and Meta, compliance came with hidden perks. By bowing to Washington’s demands, they avoided harsher regulation, kept antitrust cases at bay and reinforced their dominance as gatekeepers of online discourse.

In plain terms, censorship wasn’t free speech’s only casualty. It also warped the market.

Start-ups and smaller platforms that refused to play along — think Parler, Rumble or Gab — faced payment-processor cut-offs, app-store bans and advertiser boycotts. That cleared the field for the incumbents.

And investors rewarded the survivors. Alphabet’s market cap swelled back above $2 trillion this year, and Meta has nearly tripled from its 2022 lows. The message is clear: bend the knee and prosper.

From a financial standpoint, this episode underscores how politics has become a fundamental risk factor for tech stocks. Social media giants have learned to read the political winds.

Alphabet’s confession doesn’t just reveal bias; it exposes a business model built on appeasement. For years, Big Tech has operated as an informal arm of the administration in power, suppressing information when told and collecting record profits in return.

From a financial standpoint, this episode underscores how politics has become a fundamental risk factor for tech stocks. Social media giants have learned to read the political winds.

That arrangement may please investors in the short term, but it carries long-term consequences. Once companies learn that pleasing Washington is more profitable than honoring shareholders, real innovation dies — and free speech goes with it.

Investors should pay attention. When government pressure can move content decisions, it can move markets too. It affects user growth, ad revenue and the very structure of competition.

Market Rundown for Monday, October 13, 2025

S&P 500 futures are up 1% to 6,665.

Oil is up 1.35% to $59.65 for a barrel of WTI.

Gold is up 2.35% to $4,095 per ounce.

And Bitcoin’s at $114,350.

Welcome to this week’s Five Links.

(Please note: In rare instances, certain articles may be behind a paywall).

Some weeks, these will include any new developments on Trump’s plan to unleash America’s wealth through deregulation and expediting permits so companies and investors can thrive again. We’ll keep an eye out on any new developments and pass them along with analysis.

We’ll also be bringing other news in the economic, financial and political world worthy of your attention to your inbox as well. We hope you enjoy them to start off your week.

I. After Months of Street Fighting, SCOTUS Is Ready to Decide

For months we’ve been writing about the street fighting going on in the federal court system concerning President Trump’s efforts to close the border, deport illegal aliens, shut down government programs that undermine America’s best interests and fire useless federal employees, among other initiatives. At every turn, the enemies of making America great again have been fighting him in the courts. The federal court system has three levels – the district courts (which handle trials), the circuit courts (which handle appeals on points of law) and the Supreme Court (which resolves conflicts among the circuits and has the last word on important legal precedents). Trump has been losing badly at the district court level. These losses are almost exclusively at the hands of rogue judges appointed by Biden or Obama. (By the way, Trump’s opponents seek to file lawsuits in districts where the appointment of a Biden judge to hear the case is highly likely; a practice known as “forum shopping”). The abuses by these judges take several forms. The first is the issuance of a temporary restraining order (TRO) stopping Trump. TROs are issued with almost no briefs or hearings and sometimes the defendant (Trump) is not even notified. Many of these cases could wait for a more considered preliminary injunction or even a trial on the merits, but judges are racing to issue TROs. The second abuse is that the TROs are given nationwide effect. A district court judge is supposed to confine his orders to his particular district and to the named plaintiffs in the case to the extent possible. Instead, the anti-Trump judges are shutting down Trump on a nationwide basis involving millions of individuals. The third abuse is that the district court is ignoring separation of powers precedents and intruding egregiously on the powers of the executive branch including in matters such as defense, national security, foreign aid and diplomacy. There are literally hundreds of such cases. Trump has appealed almost all of them. The circuit courts are producing mixed results with a limited number of pro-Trump rulings but other rulings that allow trials to move forward at the district court level without undoing the TROs. Now the moment of truth has arrived. Appeals are finally being heard at the Supreme Court level. My expectation is that we will see 5-4 and 6-3 decisions supporting Trump and putting the rogue district court judges in their place. (Justices Alito, Thomas, Gorsuch and Kavanaugh have already indicated their support for Trump. Chief Justice Roberts and Justice Amy Coney Barrett are the swing votes needed to get the vote to 5-4 or better). Here is a good guide to some of the key pending cases and the Supreme Court’s schedule between now and the end of June – the traditional end of their term. Keep it handy. The legal fireworks are about to begin.

II. When The Green New Scam Collapses, It Falls Fast

Good analysts and real scientists have known almost from the start that the entire narrative about “climate change” was a hoax. I remember when talk about a “new ice age” was widespread in the 1970s. Then came the “hole in the ozone” in the 1980s. This was followed by fears of “global warming” in the 1990s. Then when the world did not actually get that warm, the propagandists switched to “climate change” in the 2000s. What all of these phony narratives had in common was that they were always wrong. To be clear, climate change is a real thing. There was a Roman Warm Period around 250 BC. There was a Medieval Warm Period around 1000 AD, which enabled the Vikings to build farms in Greenland. There was a Little Ice Age from around 1350 to 1850 with an intense period of extreme cold around 1650. The Thames River in London was frozen over and “ice fairs” were staged by merchants on the ice. None of these climate change episodes had anything to do with carbon emissions. They were pre-industrial. Older ice ages were prehistoric. Climate change is slow and is caused by solar cycles, volcanoes, ocean currents and other large forces that have nothing to do with carbon dioxide, electric plants or automobiles. The Green New Scam has never been anything other than a false neo-Marxist narrative designed to transfer trillions of dollars of wealth from developed economies to China and other developing economies with the elite scammers acting as middlemen to skim billions of dollars for their own benefit. The good news is that with the scam exposed, the Trump administration is dismantling idiotic regulations and prohibitions as quickly as possible. All of those ridiculous regulations on shower heads, toilets, dishwashers, gas stoves, washing machines and other everyday appliances are being repealed. Billions of dollars of wasteful green energy projects are being cancelled and the money preserved for better uses. Despite this progress on dismantling the Green New Scam, some individual Democrat states are continuing to waste their taxpayers’ money. New York State just approved $1 billion in expenditures on “decarbonization.” Never mind that China is building five new coal-fired electric plants per week and New York’s efforts won’t even show up in global measurements of carbon emissions. Nothing can stop a climate ideologue like NY Governor Kathy Hochul from wasting money if it passes her feel good test. Too bad for NY taxpayers, but the rest of us are finally catching a break. For the past 50 years, the Green New Scammers have been declaring the world would end in ten years and they have been wrong every time. Their credibility is now at zero and it’s never coming back. The scam is over.

III. Democrats Scream “No One Is Above The Law!”. Now That Applies to Them.

How often have Democrats yelled “No one is above the law” in the past ten years? They aimed that claim at Trump during his first two phony impeachments. They aimed it at Trump again through his NY loan document trial that cost him $600 million. (That judgment is now on appeal). They yelled it again during the Stormy Daniels trial in New York, which was such a miscarriage of justice even progressive lawyers couldn’t figure out what the charges were or how they were justified by the facts. (That conviction is also on appeal). And the Democrat loonies also screamed it during the Georgia vote fraud prosecution of Trump. (That case has fallen apart because the prosecutor was funneling state money to her lover, which he used to take her on exotic vacations). The claim “No one is above the law” was also being heard when an FBI goon squad stormed Roger Stone’s door at 3:00 am and arrested him in his pajamas while terrorizing his wife who was sleeping in their bed. It was also the Democrat battle cry when Trump advisors Peter Navarro and Steve Bannon were sent to federal prison for asserting legitimate executive privilege, which Joe Biden chose to ignore. It’s not clear if Biden pushed for those prosecutions or if it was authorized by his autopen. Well, now the shoe is on the other foot. Last week, a group of three Democrat congressmen from New Jersey and the mayor of Newark, NJ stormed an ICE detention center for illegal alien criminals. They assaulted ICE officers and tried to break into the center. The mayor was arrested, and the three congressmen may yet face criminal charges. At a minimum, those congressmen may be stripped of the committee assignments in the House of Representatives and possibly face censure. Members of Congress do have a right to inspect government facilities under their jurisdiction. But that’s not the same as the right to storm the building and endanger law officers. There are standard ways of making appointments and arranging tours that are always respected. These congressmen didn’t want a tour – they wanted a riot, and they got one. Of course, the Democrat leadership has rallied around these violent publicity hounds. AOC and Hakeem Jefferies have threatened Republican leadership and the Trump administration with resistance if the rioters suffer any legal consequences for their actions. Too bad. We need accountability and need to end the legal double standards. Someone should remind the Democrats that no one is above the law.

IV. The Western Diplomatic Clown Show on Ukraine Continues

It’s not clear to me when the U.S. stopped producing world class diplomats. Whether you agree with their policies or not, there’s no dispute that the long line of U.S. diplomats from Dean Acheson to John Foster Dulles, Dean Rusk, Henry Kissinger, George Schultz and James Baker produced momentous agreements that changed the history of the world and preserved the national security of the United States. Beginning with Bill Clinton, we began to have second-rate national security advisors and secretaries of state including Sandy Berger, Hillary Clinton, John Kerry, Rex Tillerson, Tony Blinken, and Jake Sullivan. In succession, they have produced wars in Serbia, Iraq, Afghanistan, Libya, Ukraine and Yemen with India-Pakistan next in line. Until recently, my friends in China would ask me, “Why can’t you guys give us another Kissinger?” Henry Kissinger was in his 90’s at the time and the Chinese revered him but didn’t understand why we couldn’t produce more great diplomats. The latest example of U.S. diplomatic incompetence is the “summit conference” in Istanbul last week intended to end the war in Ukraine. Istanbul was the site of a peace conference in March 2022 that almost ended the war soon after it started. But that agreement was blown up by Joe Biden and his flunky Boris Johnson. Zelensky said he would go to the new meeting in Istanbul, but that was a publicity stunt because Russian President Vladimir Putin had already made it clear that he would not attend. Putin will discuss an end to the war, but he will not agree to an unconditional ceasefire unless those terms are spelled out in enforceable form. Zelensky was insisting on an unconditional ceasefire knowing that Russia would not agree. Why should Russia agree? They are winning the war. The war will end on Russian terms and not any other. Russia also won’t talk to Zelensky because he’s a military dictator (his presidential term ended in May 2024) and has no authority anyway. This “summit” was done so that Zelensky could posture as a “peacemaker” and blame Putin as the one who “refuses to talk.” That is all just another western narrative lie. Until the West takes Putin seriously and internalizes the actual state of the war, then the slaughter will continue. Let’s hope President Trump can put an end to this war when he talks with Putin this week.

V. Who Were “Domestic Terrorists” According to Joe Biden? It Could Be You.

This is one of our more unusual links. It’s a copy of a recently declassified intelligence document. Prior to declassification, this document was classified as SECRET/NOFORN. The “secret” classification makes it sensitive but one level below TOP SECRET. The NOFORN label is short for “no foreign intelligence access.” In other words, this document could only be viewed by the U.S. intelligence community with a secret clearance or higher (and a need to know) but it was not meant to be viewed by any foreign intelligence service including the Five Eyes (U.S., UK, Canada, Australia and New Zealand), who are the closest allied intel services for purpose of information sharing. Some parts of this were labeled “U,” which stands for unclassified and FOUO, which means “for official use only.” All of this is blacked out except the U, but I had no difficulty reading behind the blacked-out sections because of my own experience dealing with classified documents at the CIA. The title is imposing. It’s called the “Strategic Implementation Plan for Countering Domestic Terrorism.” That sounds critical. Domestic terrorists could include anarchist groups like ANTIFA or racists groups like Black Lives Matter. It could also include domestic cells of foreign terrorist groups such as Al Qaeda or ISIS. So many terrorists were allowed into the United States by Biden’s open border policy that it would come as no surprise if they had established a network of cells. Other sources of domestic terrorist could include the MS-13 gang based in El Salvador or the even more violent Tren de Aragua (TDA) gang from Venezuela. Mexican drug cartel cells are another source of domestic terror aimed at U.S. citizens. That’s quite a list of bad actors. Are those the groups the Biden administration was targeting for counterterrorist action? Actually, no. If you read the document carefully and cut through all of the bureaucratic jargon, you’ll see that Joe Biden’s real targets are … you and me. The document refers to the “role of gender women/girls and youth” as a marker of terrorism. In other words, if you oppose men in women’s sports or genital mutilation of children, you’re a terrorist. Other terrorist suspects include “active service military members.” The policy also calls for providing “financial intelligence.” In other words, the government will work with the banks to spy on your bank accounts and credit cards. It also calls for programs to “foster social cohesion”, which means support for Democratic woke policies. A plan to “mitigate xenophobia” means you are a terrorist if you oppose open borders. This document is nothing less than an intelligence community plan to indoctrinate Americans and stifle domestic political dissent. It’s repugnant. Good riddance to Biden and his neo-fascist agenda. By the way, we have the new National Director of Intelligence (DNI) Tulsi Gabbard to thank for declassifying this Biden administration garbage. Just as Pam Bondi at the Justice Department has been working to release the Epstein and JFK files, Gabbard has been working to declassify intelligence community documents that cover-up Biden administration wrongdoing. Declassifying a document labeling everyday Americans as “terrorists” is a good start. Hopefully it won’t be the last declassification.

This week’s mailbag included some geopolitical questions on the Pakistan – India conflict, the BRICS summit, and the U.S. – Saudi connection.

Here are a few questions:

Q: How should investors react to the recent Pakistan/ India conflict? – Stuart S. 

A: In regard to this conflict, we are on the brink of an existential war between two nuclear-armed powers.  If this aggression escalates to the brink of nuclear war or a nuclear attack actually takes place, it’s not inconceivable that the U.S. or perhaps a joint U.S.-Russia mission would attack and destroy both the Pakistani and Indian nuclear weapons system in a way that did not set off a nuclear explosion (radiation leakage may be an unavoidable byproduct of such a raid but it would be localized). The purpose would not be to choose sides in the conflict. The purpose would be to eliminate an existential threat to the human race. A game theoretic approach might call for this outcome to be communicated to India and Pakistan in advance to avoid escalation in the first place. With trade and tariff wars in full swing, the last thing the world needs is a shooting war between two nuclear-armed powers. Still, that’s where we are. The best hope is that a ceasefire will hold, and steps can be taken to mitigate terrorist attacks if not the entire Kashmiri territorial dispute. But Pakistan’s politics are perennially unstable, and India’s ruling party has staked out a nationalist pro-Hindu platform. Those realities make compromise more difficult. While Trump is trying to unwind conflicts in Ukraine and the Middle East and avoid new ones, this may be one conflict where U.S. mediation and leverage are required. Meanwhile, investors would be prudent if they reduced their exposure to risky assets like stocks and increased their allocations to safer assets including Treasury notes, cash and gold.

Q: What should investors know about the upcoming BRICS meeting being held in Brazil? – Sarah P.

A: The next BRICS summit in Rio on July 6 promises to be momentous in terms of announcements related to the continued development of this new financial architecture and possible new members. The BRICS will not be announcing a new BRICS currency. There was a lot of speculation about that two years ago at the Leaders’ Summit in South Africa. It didn’t happen then and it’s not happening now. In fact, there may not be a BRICS currency for many years, maybe ever. The BRICS will also not be returning to a gold standard. When we use the term “gold standard,” we’re referring to a system in which one or more currencies are pegged to a fixed quantity of gold and the currency is freely convertible into gold at that fixed rate. When more than one currency is on such a gold standard, those currencies are pegged to each other also by the transitive law. While the buzz about a new gold standard is overhyped, gold is still a central part of what the BRICS are all about. Those calling for a new BRICS currency seem not to realize that the BRICS already have a common currency – it’s gold! In effect, gold is a leading reserve monetary asset for BRICS central banks. When held in physical form in a safe location, gold cannot be frozen or stolen by the U.S. And gold is freely acceptable by the other BRICS members. The BRICS summit in Rio may disappoint those who are predicting a “global reset” or the “end of the dollar.” But it will be momentous, nonetheless. The key is to watch for important moves in a direction that enables us to see the future of the global monetary system. There will be plenty of that on display in Rio de Janeiro this July. In the meantime, get your gold while you still can.

Q: What could the close relationship between the United States and Saudi Arabi mean for oil prices? – Ken G.

A: Last summer, I wrote a series of articles for readers on what I called a Petrodollar 2.0 between the U.S. and Saudi Arabia. I described negotiations on a new financial and security arrangement that will supersede the old Petrodollar Deal. The new agreement would provide that Saudi Arabia will recognize Israel as part of the broader Abraham Accords initiated during the first term of the Trump administration. The U.S. would continue to offer security protections to The Kingdom but those will be expanded to include uranium enrichment technology. On the financial side, Saudi Arabia would continue to price oil in dollars but could agree to be paid in other currencies, primarily euros. The Kingdom would also continue to purchase Treasury securities alongside its holdings of gold. In short, not much would change from the current Petrodollar Deal except for the enhanced security guarantees. The reason Saudi Arabia allowed the existing deal to lapse was to gain leverage in the new negotiations and because the old deal would be replaced by the new deal in all events. The reason for the delay is that Saudi Arabia cannot recognize Israel until the Gaza War is over. There’s an irony there because the Trump administration created the Abraham Accords and may be the one to complete the process by including Saudi Arabia under that umbrella. Trump’s close relationship with Crown Prince Mohammed bin Salman Al Saud and Trump’s visit demonstrates that it’s time for Petrodollar 2.0. This will stabilize oil prices and make the dollar stronger in global markets.

(Please note: In rare instances, certain articles may be behind a paywall).

Some weeks, these will include any new developments on Trump’s plan to unleash America’s wealth through deregulation and expediting permits so companies and investors can thrive again. We’ll keep an eye out for any new developments and pass them along and include some analysis.

We’ll be bringing other news in the economic, financial and political world worthy of your attention to your inbox as well. We hope you enjoy them to start off your week.

I. More Proof That Mainstream Economists Are Clueless About Trump

On occasion, we highlight articles in which almost everything the writer asserts is not only wrong but dangerously so. And that’s the point. It’s not enough to read and circulate articles we agree with. It’s important to read material we disagree with in order to sharpen our analytic skills and defend our own positions. This is one of those articles. The author is Paul de Grauwe. He’s the Chair of European Political Economy at the European Institute at the London School of Economics. His title gives the game away. The London School of Economics is a fine school, but it’s notoriously left leaning. The fact that de Grauwe is a scholar of European Political Economy at the European Institute is another clue because there are a growing number of analysts who are questioning whether “Europe” even exists in the political or economic sense. It is a place on the map (although many question whether it's a “continent” or just an extension of the Eurasian landmass), but it has no political or economic unity. A political group called the European Union (EU) exists but does not include all of the countries in Europe. A monetary union called the Eurozone exists but its currency, the euro, is not used by all of the countries in the EU or in Europe. Politically, European governments run the gamut from Hungary (heavily pro-Trump) to Ireland and Scotland (Trump-haters). No European country is in a position to defend itself militarily without U.S. support. So, there’s something to the idea that Europe does not exist. Nevertheless, de Grauwe is a Europe scholar, which is better understood as saying he is a Globalist. Here are some of his more delusional ideas: de Grauwe says the U.S. stock market decline will derail Trump’s tariff plans because Trump will have to abandon his program to save his billionaire friends. That’s nonsense. MAGA is all about helping everyday Americans. Trump has even mooted the idea of raising income taxes on the rich. Trump has spoken about a stock market decline and possible recession as a price we may have to pay to transition to a new Golden Age economically. De Grauwe knows nothing about Trump or U.S. politics. His other idea is that the entire world should join together to defeat U.S. tariffs by applying economic pressure. He says the U.S. is only 15% of world trade so it’s possible for the 85% to apply pressure. The U.S. may be 15% of world trade, but it’s 27% of the global economy and 60% of global reserves. The U.S. is by far the most powerful economic and military country on the planet. And there’s no chance that the “other 85%” (as de Grauwe puts it) will agree on anything. What we have here is a case study in globalist delusions courtesy of LSE.

II. Why Are the Globalist “Champions of Democracy” Destroying Democracy?

How many times have you heard left-wingers and neo-Marxists scream about Trump destroying democracy? You hear it from the woke Democrats night and day on MSNBC, CNN, and shows like The View. You hear it from Mark Carney, the new prime minister of Canada. You hear it from Ursula von der Leyen, the president of the European Commission, the governing body of the EU. You hear it from the New York Times, the Washington Post and from commentators on ABC, NBC and CBS. You never stop hearing it. This claim is propaganda. We know that endlessly repeating claims that Trump is a “fascist,” “Nazi,” “dictator” and a “threat to democracy” is a tried-and-true technique for creating a narrative and getting the public to believe the narrative even if there’s no truth to it at all. But narratives actually are powerful and can have consequences in terms of public opinion and public behavior even if the narrative itself has no basis in fact. So, what’s the best way to rebut this narrative without more name calling? The best way is to look at hard facts and call them to the attention of the public. This will create a counter-narrative that the real threat to democracy comes from the woke politicians and not from Trump. What are the facts? In Ukraine, the West conducted a coup against a democratically elected president in 2014 and installed a puppet. Today, Zelensky is a dictator in Ukraine – his term as president expired in May 2024. In France, Marine Le Pen, the popular nationalist leader of the National Front party and potential future president of France, was convicted of crimes that are petty by French standards. (Her case is on appeal). Clearly, she was singled out for political prosecution in the same way Trump was. In Georgia, the conservative Mikheil Kavelashvili was elected president, but his EU-backed predecessor refused to recognize the election result. In Romania, the pro-Trump presidential candidate Calin Georgescu won an election six months ago, but that result was annulled by corrupt judges. It took a new election for another nationalist candidate, George Simion, to win. And a few days ago, the German spy agency branded the pro-Trump nationalist party Alternative for Germany (AfD) as an “extremist” group, subject to special spying and exclusion from government agencies despite its strong election showing in recent elections. What all of these stories and others like them have in common is that globalist left-wing elites are trashing democracy every chance they get. When a nationalist or pro-Trump party advances anywhere in the world, they use prosecutions, corrupt judges, the media, or on-call activists to shut down democratic processes. The next time you hear some globalist shout about “threats to democracy,” ask them about Ukraine, Le Pen, Kavelashvili, Georgescu, Simion and the AfD. Turns out that the ones yelling about democracy are the real threat to it.

III. Here's How to Use Lies and Propaganda When the Truth Is Not On Your Side

Why are so many lies so popular? Most Americans believe climate change caused by human CO2 emissions is a threat to the planet. But there’s no evidence that CO2 affects climate in a material way and the evidence for natural climate change (which does occur over time) is scant. In any case, the causes of climate change are events like solar cycles, volcanoes and ocean currents that humans can’t do anything about. Millions of Americans believe that Russia interfered with the 2016 election and that Trump is a Putin puppet. But after multiple investigations, there’s no evidence of that either. Americans were told that the COVID virus came from a “wet market”, but the evidence is clear that it was bioengineered in a military lab in Wuhan, China. Americans today are being told that tariffs will cause higher prices and inflation. But, in fact, prices are dropping. Oil went from $75.00 per barrel to $59.00 per barrel in just a few months. There are many other examples. Where do these false narratives come from? This article describes the process. Step 1 is to create a narrative. Truth doesn’t matter – just pick a narrative that suits your political purpose. Step 2 is to push the narrative through legacy media channels such as ABC, NBC, CBS, the Washington Post, the New York Times and others. Step 3 is repetition, repetition, repetition. It works. Step 4 is to create a “permission structure.” That means picking a spokesperson who’s just like the everyday American to speak up in favor of that narrative. That makes it “OK” for others to do likewise. Step 5 is to disparage anyone who challenges the narrative. Call them “conspiracy theorists,” “climate deniers,” “fascists” or whatever it takes to denigrate their point of view. At that point, you’re close to a successful narrative that is widely shared and believed even if it is completely false. Is there a way to fight back? Yes. It requires strong individuals who are not afraid of the name calling. It takes alternative media channels that don’t support the narrative and give counterarguments a place to be heard. Defamation lawsuits are a good way to make the legacy media pay millions in damages when they throw false accusations around. The best remedy is reality. Eventually, the lies are revealed when reality refuses to go along with the narrative. But that takes time, and the reckoning often comes long after the social and economic damage is done. The greatest way to fight back is just to understand the narrative process. Be analytical. Be skeptical. And don’t be afraid to call out the narrative lies whenever you see them.

IV. Another Step Toward the Destruction of The Dollar as A Global Reserve

Few topics in international finance are more confusing that the dollar’s role as the leading “reserve currency.” The confusion begins with the fact that country reserve positions are not actually held in currencies. They’re held in the form of securities denominated in a currency. So, it is correct to say that U.S. Treasury securities denominated in dollars are the leading reserve asset. But that’s not the same as saying that reserves are held in dollars. They’re not. That’s an important distinction because it points to the fact that it’s not enough to have a currency to be a reserve asset. You need to have a bond market. And not just any bonds. The reserve asset bond market needs to be quite large (some reserve positions are $3 trillion or more for a single country). The bond market needs to have various maturities from 30 days to 30 years (the U.S. Treasury is considering issuing new 100-year maturities called “century bonds”). It also needs liquidity provided by a dealer network (the “primary dealers” in the U.S.), futures and options markets for hedging, and above all, a good rule of law. The U.S. Treasury securities market provides all of the above. The only close competitors are Japan and Italy (which issues in euros), but that’s about it. The only other widely held reserve asset is gold. This is why the position of the U.S. dollar goes unchallenged despite threats about a BRICS currency, Bitcoin, and other assets. Those may have store of value potential, but they do not have bond markets and cannot perform a large role. Is there anything that could erode confidence in U.S. Treasury securities as the leading reserve asset? One factor could destroy confidence quickly, and that is a breakdown in the rule of law. What good is a large, liquid bond market if your bonds can be stolen with a few keystrokes? That’s exactly what’s happening to Russian reserves held in the form of Treasuries. The U.S. and Europe are stealing those assets from Russia, either to fund the war in Ukraine or to offset losses by western companies in Russia occasioned by the war. There’s not much Russia can do to stop the theft. There’s a lot the world can do to avoid U.S. Treasury securities when they’re no longer safe from U.S. confiscation.

V. Too Many Dangerous Criminals? Send Them All To Alcatraz.

As a kid, I watched The Untouchables. It was my favorite TV show. This was the original black-and-white televised version with Robert Stack, not the later feature film with Sean Connery and Kevin Costner. The best episode was called The Big Train, shown in two parts. The plot was simple. Al Capone was in a federal prison in Georgia. He was being transported to another prison by train. With help from a corrupt guard, Capone unlocked his leg irons at a critical junction. His cronies were there to meet the train and planned to take Capone to a hidden destination. Of course, Eliott Ness and the Untouchables got word and busted up the plan. The climatic scene was a street battle in which Ness and the Untouchables marched eight abreast with Thompson machine guns loaded with those round high-capacity magazines (and matching fedoras) to gun down Capone’s crew. The backstory was that Capone was leaving Georgia, but he was heading to the most notorious prison in U.S. history – Alcatraz. I was always fascinated by Alcatraz. It’s on an island in San Francisco Bay, not far from Angel Island and Tiburon. I’ve sailed around it. It certainly earns its nickname “The Rock.” The legend was that no one ever escaped, although two prisoners in 1937 and three in 1962 went missing. Their bodies were never found, so it’s impossible to verify if they actually escaped alive. Alcatraz was closed as a prison in 1963 and is now a tourist destination. Guess what? Trump just announced a plan to refurbish and reopen Alcatraz either as a prison for hard core U.S. prisoners or as a detention center for the worst of the worst illegal aliens awaiting deportation. I’m all for it. This idea is more than just a trip down memory lane. It’s a powerful warning to criminals everywhere that if they keep committing horrific crimes, they could very well end up where Capone did – The Rock.

This week’s mailbag included questions on China as a superpower, threats to the global financial system, and the best way to invest in gold.

Here are a few questions:

Q: Is China still on par with the U.S. both economically and militarily? – Barbara M.

A: Chinese GDP is often touted as a measure of success, but it is way overstated. Investment is roughly 45% of Chinese GDP compared to about 25% in most developed economies. Over half of Chinese investment is wasted. I’ve been to China many times and have seen the empty ghost cities and the monumental train stations that are mostly empty. If that wasted investment were written-off, Chinese GDP would drop from 5.0% to 3.6%. With honest accounting for bad debt in the government-controlled banks, Chinese GDP would drop to 2.0% or lower. China’s government debt-to-GDP ratio of 250% makes it impossible for China to grow faster than its growing debt burden. This dynamic makes future growth even more difficult. As for military superiority, China is not even close to U.S. capability despite the last administration’s cuts in spending on new weapons and combat readiness. China touts its lone aircraft carrier without mentioning that it was actually built by Russia. China is trying to build an aircraft carrier fleet, but that’s an immensely complex task that can take twenty years to fully implement. China threatens U.S. aircraft carriers with an attack from a Chinese hypersonic missile. That’s possible, but the U.S. response would be to sink the entire Chinese fleet – something similar to what Japan did to Russia in 1905, and the U.S. did to Iran in 1988. An invasion of Taiwan is not in the cards despite continual threats. So, the China threat is not what the mainstream narrative makes it out to be. It’s still a significant part of the global economy and a country to reckon with, but economic and societal threats will not keep China on par with the United States.

Q: What is the biggest threat to the global financial system today? – Martin S.

A: What the Fed and the Treasury have done (mostly under Biden) is to create a global dollar shortage, which is now morphing into a global liquidity crisis. China is not dumping Treasuries because they’re distancing themselves from the dollar. Quite the opposite. China is selling Treasuries because they’re desperate for dollars and can’t get them from Japanese banks who have their own problems. The liquidity crisis then goes back to European banks who can’t fund in Eurodollars and U.S. hedge funds who can’t find collateral to support their derivatives basis trades. India is not immune either. The best description of a financial crisis I’ve ever heard is that “Everybody wants his money back.” We’re dangerously close to that situation right now. If it gets worse, trade, tariffs and stock markets will be a sideshow. Watch Treasury yields and foreign exchange markets if you really want to know what’s going on.

Q: In your view, what are the best ways to invest in gold? – Larry P.

A: My long-time readers know I recommend allocating 10% of investable assets into physical gold. There are other options available as well, including buying paper gold like exchange-traded funds as well as shares of mining companies. There is also a way to collect gold profits without ever investing in the metal itself or investing in any companies that deal with the exploration or production of gold. Gold royalty and streaming companies have one of the best business models in the entire precious metals sector. Here is how the “royalty” business operates. In exchange for an upfront payment, a royalty owner will receive a predetermined percentage of the gross revenue from a mine’s future gold production over that mine’s entire future life. When costs for mining fluctuate, or if they aren’t producing enough to meet expectations, it really doesn’t matter. Royalty companies still get a cut off the top. These backdoor plays are a way to trade gold with fantastic upside leverage, combined with much less downside risk. And because we see gold ready to shoot higher, these companies don’t even need that cushion — allowing them to bring in even higher profits that will spark a huge pop in gold royalty shares. We have made gains on some gold royalty stocks in the Strategic Intelligence portfolio and will be recommending more in future issues so keep an eye out for them.

I’m Byron King, senior geologist for Jim Rickards.

I’ve been working with Jim on various publications for many years and have crisscrossed the globe in search of the world’s best mining investment opportunities. You could say I have gained Jim’s trust by being out in the field and reporting back on the latest intel in the precious metals and energy markets.

That’s why I’m reporting on something Donald Trump did recently that most investors missed.

Trump signed an executive order that fast-tracks the federal permitting process to mine our mineral-rich Federal lands. And that’s a big deal. Why?

Because for many decades, America has been sitting on a $150 trillion fortune. But it’s been locked up by bureaucrats and anti-development regulation.

Now, though, and for the first time in several generations, the government is going to monetize America’s real, physical wealth. Not just with things like our nation’s gold reserves. But with all the priceless metals and resources hidden under the surface on our Federal lands.

Investors like you who tap into these minerals right now could become wealthier than you ever imagined. In fact, this secret store of wealth is so valuable, it could turn every legal U.S. citizen into a millionaire. This is your American birthright in action!

Thanks in large part to President Trump.

How did we get to this point? Let’s look at a map…

Along Came Trump

Now, I don’t work for President Trump, and he doesn’t call me on the phone to discuss policy. But I can think of two key drivers behind his efforts to unleash your American birthright.

First, look at the 2024 presidential electoral map, especially by county. Trump won the American heartland big-time.

2024 presidential electoral map by county. Courtesy Washington Post.

Trump wrapped up his win for president based on solid wins across the industrial Midwest, from Western Pennsylvania through Ohio and Michigan, over to Wisconsin. And while Trump lost overall in states like Illinois and Minnesota based on the urban vote, look at the rest of those jurisdictions. In suburban and rural areas where many current (and former) mines, mills, and factories are located, voters casted ballots for Trump.

Right away, you can see where the working-class vote came out for Trump. People voted for jobs, jobs, and jobs, and that point was central to Trump’s message. So anymore, when he talks about opening up America for renewal – the MAGA message, if not an American birthright – he reflects the desires of his voter base.

Another angle on Trump’s policies goes back to 2020, early in the pandemic. People realized that the U.S. no longer manufactures most of its medical products and supplies. Then (and even now), America imported massive quantities of items from overseas, especially China.

In other words, it dawned on many that the country’s medical supply chain relied on third-party foreign players. From antibiotics to pacemakers, blood thinners to bandages and much more, most U.S. medical products originated from abroad (eg, China and India), and still do in many instances. Or there’s the issue that the items may be manufactured domestically but with precursor chemicals from abroad. Right away, this became a national security issue.

Meanwhile, we’re now in the fourth year of the Russia-Ukraine conflict, and one glaring takeaway is that the U.S. lacks a sufficient industrial base to supply and resupply its military. Examples are legion and range from the inability to mass-produce ammunition like artillery shells and missiles, to the glacial pace of output for aircraft, ships, submarines and more, including the latest battlefield development, drones.

Arguably, the U.S. is a superpower only in a legacy sense, meaning that war reserve warehouses are filled with equipment and ammunition produced long ago, in factories that are no longer there; or if they’re still there, they have limited capacity.

Looking ahead, what if the U.S. had to fight a real war? Well, America is no longer that so-called “Arsenal of Democracy” you read about in history books. We have a strategic-level problem on our hands that the Deep State perma-bureaucrats in Washington do not want to publicize and overly highlight. Hey, they don’t care, and their paycheck always comes on time, right?

But the national security issue is real and absolutely concrete. Military power is the first derivative of industrial power, and Trump wants rapidly to rebuild U.S. industry to reenable military strength. Of course, people write long books about these topics, and this is only a newsletter article.

What do all these industrial goals have in common? The country needs minerals and metals in manufacturing, whether it’s for medical or military use. This is a framework through which to understand what we see with Trump and his policies.

The Man from Queens wants to open up America, to permit people to invest and reinvest in basic resources and wealth creation. He wants this land to be more for you and me to share the wealth, not just the special interests.

What Does It Mean to You?

What should you do as an investor? The short answer is to invest in American companies that will benefit from Trump opening up federal lands, reducing regulations on development, and moving to reshore industry. That is, own hard assets like energy and resources, plus of course, precious metals.

Shares in steelmaker Cleveland Cliffs (CLF), an American steelmaking play, offer upside if Trump’s metal tariffs remain in place for the longer term. Or look at a copper player like Freeport McMoRan (FCX), which has domestic and overseas production of red metal, along with a precious metals stream, extracting gold and silver from copper mining.

On the energy side, ExxonMobil (XOM) remains a solid play based on its domestic energy production, along with impressive future growth from its overseas operations, especially its giant discoveries offshore Guyana in South America.

With precious metals in the strict sense, keep Barrick Gold (GOLD) and Newmont Mining (NEM) on the table as strong plays that will only improve in a rising gold market. And Kinross Gold (KGC) also offers excellent upside opportunity as gold prices rise.

Please note, though, that some of these names are not official recommendations in our portfolio, although I keep an eye on all of them. I will keep you updated as needed.

In fact, a few of these names are included in your special report, The American Birthright: How to Claim Your Share of America’s $150 Trillion Mineral Endowment.

If you haven’t reviewed this report yet, I urge you to take a look at five American Birthright plays that could make you a fortune.

And stay tuned for more on American Birthright analysis and opportunities from Jim on his next briefing call live next Tuesday, April 8 at 10 am ET. You’ll get more information about this call in the coming days.

With that, I’ll sign off for now…

Thank you for subscribing and reading.