Sunday, December 21st, 2025
Laramie, Wyoming
The US Coast Guard, with support from the Department of War, has boarded a third oil tanker off the coast of Venezuela, according to news reports this morning. The tanker was on the way to load oil and flew a Panamanian flag. The title to the oil was reportedly held by a Chinese company.
Homeland Security Secretary Kristi Noem says US forces will ‘continue to pursue the illicit movement of sanctioned oil that is used to fund narco terrorism in the region.’ We’ll keep an eye on the oil markets in the meantime in what should be a quiet week in markets.
It’s been anything but quiet for precious metals this year. Gold is up 66% year-to-date and has made 51 new all-time highs. Silver is 131% and has made 14 new all-time highs. The chart above (from earlier this week) tells the tale for 2025.
But what about 2026? Tom was on the case earlier this week, which you’ll find in our summary of posts below.
Until tomorrow,
Dan Denning
