This was not the report that I had prepared for today but there are a few points, given the geopolitical turmoil, that I feel the need to address. This will follow with the prepared report. Our Chief-broker Eric Relph’s son serves in the 4trth Infantry Division. He says that Some of his counterparts in elements of the 3rd Infantry and 8th Airbourne contingent have been called up for deployment to the Mid-East. Boots heading for Iranian ground? Not if they can help it but nothing is off the table. I have no inside info but it would be my guess as to where they could be headed. Iran says the strait of Hormuz is closed and traffic is off 90%. The oil market is alarmed and that angst is spreading though markets. The US must open the strait of Hormuz to oil transit. President Trump says the US will insure the ships and cargos and provide escorts. There are reportedly 60 large tankers waiting outside the gulf for word that it is safe to enter. Many others are trapped in the gulf waiting for an opportunity to exit. The trade needs to see convoys successfully transit the strait, entering…
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