Gold and silver futures have exploded to record highs in 2025, capping one of the most dramatic rallies in the history of the precious metals market as investors piled into hard assets amid shifting monetary policy, geopolitical turmoil and tightening supply.Gold futures surged past $4,470 an ounce on Monday, up roughly 70% for the year — the metal’s strongest annual performance since 1979, according to market data cited by Bloomberg News.Silver outpaced even gold, soaring more than 130% year-to-date to aro ...

Core Insights - Bitcoin has demonstrated significant growth, with a price increase of 839% over the past five years, outperforming the broader stock market [1] - The cryptocurrency reached an all-time high of over $126,000 in early October, currently trading 15% below that level [1] Macro Perspective - Key macroeconomic factors are expected to support Bitcoin's price in the near and long term, making it a global asset of interest [2] - The potential for lower interest rates in the next six to twelve months may encourage investors to seek higher returns, positively impacting asset prices, including Bitcoin [3][4] - Geopolitical turmoil, particularly aggressive U.S. trade tactics, has led to increased interest in safe-haven assets like Bitcoin, which has risen 17% this year [5] Federal Debt and Liquidity - The U.S. federal debt is approaching $40 trillion, with ongoing fiscal deficits likely to persist, creating a favorable environment for Bitcoin [6] - Since Bitcoin's inception in 2009, there has been a significant increase in government debt and money supply, contributing to its price surge [7] - The ongoing rise in global liquidity is expected to continue driving Bitcoin's value [7] Future Trends - The advancement of AI and its economic implications could further enhance Bitcoin adoption [8] - Investors with a long-term perspective may find opportunities to buy Bitcoin during price dips [8]

Group 1 - Halliburton shares increased by 9.6% due to rising oil and gas prices amid escalating tensions between NATO and Russia [1] - NATO's leaders announced a "robust" response to recent Russian drone incursions, likely leading to further sanctions that could restrict Russian oil supply, which constitutes about 10% of global oil supply [2] - Oil prices rose over 2%, with Brent Crude surpassing $67 per barrel and West Texas Intermediate exceeding $63 per barrel, prompting a rally in oil and gas stocks [4] Group 2 - Halliburton is significantly leveraged to oil prices, with $8.5 billion in gross debt and $6.5 billion in net debt, making its stock particularly responsive to oil price fluctuations [4][7] - Oil and gas stocks, including Halliburton, can serve as a hedge against geopolitical instability and offer substantial dividends, with Halliburton's current dividend yield at 3% [6][8] - Halliburton is considered a strong candidate for portfolio inclusion due to its low valuation at 11.5 times earnings [8]

Geopolitical Situation - The report focuses on the reactions from Washington DC and around the world to the US strikes in Iran [1] - The report addresses the continued geopolitical turmoil in the Middle East [1]