Greetings Contrarian,

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and pray for Israel. 🙏

Here are the highlights:

👀 Gold is Up!

👀 Oil is Up

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👀 Gold is Up!

Gold prices experienced a rebound, escalating 1% to $1,850 per troy ounce, following a seven-month low, in light of recent attacks on Israel that heightened its appeal as a safe-haven asset.

This uptick opposes the preceding weeks' downward pressure from the US Federal Reserve’s indication of a sustained period of higher interest rates, which usually divert investments from the non-yielding gold to US Treasuries.

The sustainability of this influx towards gold, according to Norbert Rücker of Julius Baer, hinges on whether the Middle Eastern violence signals a transformative shift in geopolitics, impacting the duration and stability of safe-haven flows.

We’ll be watching.

👀 Oil is Up

Crude prices surged to as high as $89 a barrel on Monday over concerns that Hamas's attack on Israel will increase tension across the Middle East and affect output from leading oil producers.

Brent, the international oil benchmark, jumped as much as 5.2% in early trading in Asia, before steadying to trade 3.8% higher at $87.83. WTI, its US counterpart, rose 4% to $86.07.

The jumps have revived fears of another prolonged period of high prices that would fuel inflation in many parts of the world.

📰 In Other News:

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Happy Speculating!

The Editor

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.