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As I write this Thursday morning, I'm looking at an image of an oil tanker burning near the strategically vital Strait of Hormuz.
The media is reporting two tankers have been hit in what's being called a "suspected attack" in one of the globe's most volatile flashpoints. It comes at a time of high tension between Iran and Yemen on one hand, and the United States, Saudi Arabia, and the United Arab Emirates on the other.
Am I concerned? Of course. And if you are, too, I sure don't blame you. It's perfectly normal.
But as intelligent investors, we want to reserve judgement until the facts are clear, and – importantly – we absolutely have the breathing room and confidence to do that because of the risk management we have in place.
I can't say as much for everyone else though; crude oil futures have already spiked 4%, and you can almost feel the chaos and fear through the computer monitor. There are a lot of headless chickens running around out there right now, and thankfully we're not among 'em.
Which brings me to today's recommendation.
About the Author
Keith Fitz-Gerald has been the Chief Investment Strategist for the Money Morning team since 2007. He's a seasoned market analyst with decades of experience, and a highly accurate track record. Keith regularly travels the world in search of investment opportunities others don't yet see or understand. In addition to heading The Money Map Report, Keith runs High Velocity Profits, which aims to get in, target gains, and get out clean, and he's also the founding editor of Straight Line Profits, a service devoted to revealing the "dark side" of Wall Street... In his weekly Total Wealth, Keith has broken down his 30-plus years of success into three parts: Trends, Risk Assessment, and Tactics – meaning the exact techniques for making money. Sign up is free at totalwealthresearch.com.