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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.

Supreme Court clears Trump to tighten mail-in ballot rules before midterms

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 →


Iran threatens retaliation after U.S. widens sanctions squeeze

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

Read the full story at CNBC →


Ottawa prepares a retaliation package for Trump’s latest tariff wave

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 →


DeSantis tightens welfare spending rules: no tattoos, tanning, or tobacco

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