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The Empire’s Oldest Trick

Jeff D. Opdyke · June 25, 2026 ·

In this issue of Frontier Fortunes, we’re taking a big step back to review where we stand with our entire Energy and Metals portfolio…

A few hours before I sat down to write this issue of Frontier Fortunes, Donald Trump and Iran announced a peace deal, supposedly ending nearly four months of hostilities in the Middle East.

The Strait of Hormuz—the 21-mile chokepoint through which roughly 20% of the world’s traded oil needs to pass every day—was set to reopen.

(Although, uncertainty remains. Will the deal hold? A few days after it was announced, Iran again declared it was closing the Strait. We shall watch closely.)

After four months of war, and the swings in the old and gold markets, now is the perfect time to revisit and review our Energy and Metals Portfolio.

So, in this issue of Frontier Fortunes, I am going to do just that.

I’ll give you an update on what’s been going on with each pick, what the future likely holds, and where I see opportunities today.

Inside this issue…

  • Why gold rallied after peace broke out

  • What Rome’s monetary history teaches investors today

  • The latest on Woodside’s 50% gain and ExxonMobil takeover rumors

  • Why I believe our energy positions still have room to run

  • Where I see the best opportunities in metals right now

Plus much more…

You can read it right here.

Frontier Fortunes Issues

About Jeff D. Opdyke

Jeff D. Opdyke is an American financial writer and investment expert based in Portugal. He spent 17 years covering personal finance and investing for the Wall Street Journal, worked as a trader and a hedge fund analyst, and has written 10 books on such topics as investing globally and personal finance.

Future of Wealth 2026

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