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Gold dramatically surged to major new secular highs this past week, fueled by stunning geopolitical news. The US assassinated Iran's top general, so Iran fired ballistic missiles at military bases in Iraq used by the US. That naturally ramped gold bullishness, spawning all kinds of predictions for much-higher prices. But geopolitically-driven gold spikes never last long, and the gold buying behind this surge is very precarious.
Geopolitics are fascinating, the modern intersection of centuries of history, politics, religion, and military actions. Growing up, geopolitics were my second passion after the markets. I read everything I