Gold smashes through $5,100 as a US government shutdown looms — this time over federal agents shooting civilians, not spending limits. Plus: China's AI video platform hits 12 million users, Europe's IPO market starts 2026 at record pace, and Anthropic's CEO warns superhuman AI will "test us as a species."

Trades: long gold (reiterating), long European AI infrastructure, short US federal contractors.

The One Number: 10,000 — ISIS fighters back in Syria.

New format: deeper analysis, more chain effects — let us know what you think.