RTX’s valuation reflects a transition from cyclical aerospace supplier to structurally supported defense platform. With missile defense replenishment, NATO re-armament, and commercial aerospace recovery underway, the company offers durable cash-flow stability in a multi-year procurement environment. Analysis and rating: Neutral/Hold.

Gold functions as an option on policy credibility and geopolitical stability in uncertain regimes.

Options are priced on time and probability—not conviction. Most losses come from misunderstanding that difference.

Precision can feel reassuring, but durability comes from process.

As industrial demand grows, the gap between paper silver and physical supply becomes increasingly relevant to price behavior.

Legal pressure on the Federal Reserve raises questions around independence, credibility, and how policy is perceived in an already constrained environment.