JP Morgan just quietly put a $8,000 price target on gold — and they don't publish numbers like this without ironclad data. Gold is already up roughly 80% since the start of 2025, hitting $5,500 while stocks, bonds, real estate, and Bitcoin all stumbled. Central banks now hold more gold than at any point since 1971, and gold has officially overtaken U.S. Treasuries as the world's #1 reserve asset — at the fastest pace in 50 years.
Most Americans are waiting for a pullback, waiting for confirmation, waiting for cable news to say it's safe — while the gap between those who moved first and those who waited keeps widening. You're making a decision today whether you realize it or not. Position before $8,000 prints, or scramble after every news anchor in America is already talking about it.
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Tuesday, August 25, 2026: The Supreme Court green-lights a late election shift, trade tensions with Canada escalate fast, Iran threatens payback on sanctions, and Florida narrows what welfare dollars can cover.
Image via Axios
Supreme Court clears Trump to tighten mail-in ballot rules before midterms
The Supreme Court on Monday upheld President Trump’s executive order restricting mail-in ballots, allowing the administration to move ahead just months before the midterm elections. The decision reshapes election administration on a short timeline, likely triggering rapid changes by states and a fresh wave of legal and political fights over access and security.
Source: Axios
Read the full story at Axios →
Image via The Hill
Iran threatens retaliation after U.S. widens sanctions squeeze
Iran said it would retaliate after the Trump administration rolled out expanded sanctions aimed at further cutting the country off from the global economy. The move raises the pressure on Tehran to negotiate while also increasing the odds of regional escalation or asymmetric responses targeting U.S. interests.
Source: The Hill
Read the full story at The Hill →
Canada signals it’s ready to hit back as Trump tariffs near
Canadian negotiators left talks in the U.S. last week without a deal to avert new Trump tariffs, and Ottawa is signaling it will respond rather than wait for a breakthrough. The standoff puts cross-border supply chains and near-term pricing at risk, especially for sectors that rely on predictable North American trade rules.
Source: CNBC
Image via NBC News
Ottawa prepares a retaliation package for Trump’s latest tariff wave
Canada is set to outline retaliatory trade measures in response to President Trump’s newest round of tariffs, aiming to raise costs for U.S. exporters and strengthen its negotiating leverage. The next steps could broaden the dispute beyond the initial targets and pull more industries into the political crossfire.
Source: NBC News
Read the full story at NBC News →
Trump floats renaming Lake Ontario as the Canada trade fight turns theatrical
President Trump said the U.S. is considering changing the name of Lake Ontario to “Lake America” amid the escalating trade dispute with Canada. While largely symbolic, the remark underscores how quickly the conflict is moving from policy to public messaging designed to rally domestic support.
Source: CBS News
Read the full story at CBS News →
Image via Washington Examiner
DeSantis tightens welfare spending rules: no tattoos, tanning, or tobacco
Florida Gov. Ron DeSantis announced changes to certain welfare benefits that would restrict spending on what his office labeled “unnecessary” items, including tattoos, tanning beds, and tobacco. The policy is part of a broader push to narrow benefit use and could reignite debates over oversight, enforcement, and what counts as acceptable spending.
Source: Washington Examiner
Read the full story at Washington Examiner →
You’re caught up. See you tomorrow.
— Daily Recap Editorial