1. I think the reason gold is falling is this: Middle Eastern princes previously had constant cash flow from selling oil and natural gas. Now that shipping through the Strait of Hormuz is blocked, they don't have money, so they're selling their most liquid assets—gold. Additionally, some people have been converting gold into Bitcoin to transfer money out of the Middle East!

2. If the Strait of Hormuz continues to be blocked and the war escalates, the next step would be for Middle Eastern princes to sell US stocks.

3. So the most critical factor in the financial markets right now is actually simple—you just need to determine when the war will end, when expectations hit bottom, and whether it will escalate further.

4. The boss was killed, so the second-in-command can only avenge him to maintain control of the situation! Even if the second-in-command doesn't want to seek revenge internally, they still need time to go through the motions of avenging the boss externally. So personally, I think the risk remains quite high in the short term!