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Gold has traded between $1,211 and $1,224 so far today after yesterday’s pullback…as of 8:30 am Pacific, bullion is up $1 an ounce at $1,221…front-month Gold futures were down for 10 of 13 trading sessions through yesterday, touching their lowest since February 26…Silver has added 3 cents to $15.24…Copper is down 3 pennies at $2.25…Crude Oil has slipped 95 cents to $38.84 while the U.S. Dollar Index has rallied another one-fifth of a point to 96.17…

Gold and commodities in general have been tripped up this week due to confusing signals sent by the Fed – very poor communication, actually, because central bank members have been all over the map in the last 10 days…to traders, the comments from St. Louis Federal Reserve President James Bullard yesterday and several other Fed officials, such as Philadelphia Fed President Patrick Harker, suggesting the possibility of a rate hike as early as next month, contrast sharply with the dovish message sent after the Fed’s meeting last week…

Has so much changed in just 1 week?…the central bank took no action on rates and slightly downgraded its view on the economy in its March 15 policy statement…the forecasts of Fed officials also showed that most members favored 2 rate hikes this year, versus an earlier forecast of 4 hikes…

Bullard said policymakers should consider hiking rates at their next meeting, suggesting there is a risk in overshooting inflation. “You get another strong jobs report, it looks like labor markets are improving, you could probably make a case for moving in April,” Bullard said…meanwhile, a normally dovish Fed member – Chicago Fed President Charles Evans – said Tuesday he expects to see 2 rate hikes this year…Philadelphia Fed President Patrick Harker said “there is a strong case that we need to continue to raise rates”…and, on Monday, Atlanta Fed President Dennis Lockhart also suggested the U.S. could be in line for another hike as soon as April…

Despite its rally this week, the Dollar Index still faces technical pressures after its recent breakdown…other supportive influences for Gold include the “Brexit” worries about the U.K. leaving the European Union (immigration problems in Europe, even more evident after the attacks in Brussels the other today, could certainly influence Britain’s June referendum), as well as potential for still-lower interest rates due to economic worries in key markets such as Japan and Europe…

Trudeau:  “We’re Not At War With ISIS”

The real reason Justin Trudeau ended Canada’s bombing mission against ISIS in Iraq is that Trudeau simply doesn’t comprehend the scale of the ISIS threat against the West…he actually doesn’t take ISIS or Islamist extremism seriously, as demonstrated by his comment to media yesterday that “Canada is not at war with ISIS”…how could a leader of a country be so foolish and naïve, especially after the horrific attacks this week in Brussels that followed the massacre in Paris last November?…even the socialist President of France, Francois Hollande, recognizes that his country is at war with ISIS…and Canada somehow is not?…this is pacifism and ignorance at its extreme…ISIS has declared war against Canada and all of the West…Canada is a country that has always punched above its weight in conflicts and has helped defeat evil in the past…Trudeau, however, has chosen to downplay the crisis with ISIS as he tries to show a politically correct and “tolerant” Canada while falsely claiming that “climate change”, not radical Islamist terrorism, is the world’s biggest threat…it’s like Trudeau is in a parallel universe (Tuesday’s budget indicated that as well, a $30 billion boondoggle that did nothing to improve Canada’s security or defense capabilities)…

The facts are that ISIS, referred to as merely a “JV team” by President Obama a couple of years ago, has an army of at least 30,000 jihad fighters in Iraq and Syria…it is extremely well-funded and has already conducted or inspired more than 70 terrorist attacks in 20 countries (including the U.S. and Canada) other than Iraq and Syria where its carnage has taken a much deadlier toll (including genocide against Christians and others)…in addition, what we also know now is that ISIS has established a chemical weapons factory in Syria and, as reported yesterday by the Associated Press, has trained at least 400 fighters to target Europe in deadly waves of attacks, deploying international terror cells like the ones that struck Brussels and Paris with orders to choose the time, place and method for maximum chaos…

ISIS makes al Qaeda look like amateurs…rest assured, ISIS is plotting to kill not hundreds but tens of thousands of Europeans and Americans and Canadians and other “infidels” through attacks that would dwarf 9/11…a well-funded terrorist organization with its hands on weapons of mass destruction is a nightmare scenario, and the only way this army can be defeated is by attacking it with boots on the ground…in other words, a large NATO ground force, supplemented by troops from various Muslin countries, is probably the only way to stop ISIS…in the meantime, though, Trudeau (and Obama) will keep pretending that everything is okay while they lecture us about the danger of stirring up hatred against Muslims…

God forbid but there will come a point, we predict, when the West’s inability to deal effectively with ISIS and Islamist terrorism will have enormous consequences beyond what anyone can currently imagine…there will be safety in Gold which got its kick-start after 9/11…

In today’s Morning Musings…

1.  Venture chart update…

2.  The “Drone Deal” moves closer to landing on the CSE…

3.  Aphria (APH, TSX-V) shows technical and fundamental momentum…

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