Toronto Stock Exchange just hit a fresh all-time high, with investors rotating into defensive plays as geopolitical tensions escalate. The situation unfolding in Venezuela is driving a flight-to-safety rally, pushing gold prices to levels we haven't seen in a while. This kind of macroeconomic stress often reshuffles capital flows—traditional equities, commodities, and even alternative assets see renewed interest when risk appetite dries up. For crypto traders watching macro signals, moves in gold and equity indices like TSX are telling us something about broader market sentiment. When central banks and institutional investors start hedging geopolitical risk, it typically signals a recalibration of portfolio risk. Worth keeping an eye on how this plays out for both traditional markets and the digital asset space.