The exponential rise of the dollar combined with the collapse of the sovereign debt bond market has created an unprecedented risk for the entire financial system. It is in this context that the holding of physical gold outside the banking system, the ultimate insurance against these risks, finds...

The Fed's first mistake was to miss the start of inflation. We may now be witnessing the second mistake: in trying to create a useful recession to fight inflation, the US central bank is ignoring the unprecedented and irreversible impoverishment that the sudden rise in rates threatens to create.

The bond issue risks complicating the liquidity of the US Treasury market.The risk is that they will lose their status as a reserve asset, which would create a systemic risk. The confidence in the value of US debt is at stake. In this perspective, the purchase of physical gold becomes very import...

The current crisis clearly marks the borderline between two qualities of assets: those that offer a capacity to store energy and therefore protect against its volatility (precious metals) and those that impose, on the contrary, a dependence on fluctuating costs and threaten to transform a simple...

The last few physical silver bars are being snapped up on the COMEX. Under these conditions, we should experience a situation identical to that of 2020, with problems securing supply on the silver market. The current supply disruption is also a repercussion of the monetary shock imposed by the Fed.

While the daily manipulations of the bullion banks allow a few participants to make substantial gains in the derivatives markets, the BRICs continue to get their hands on most of the available physical gold stocks, led by China.

As with platinum, silver stocks available for delivery are accelerating their decline this week. This raid on COMEX precious metals stocks is also affecting gold. The rate at which stocks eligible for delivery are disappearing is accelerating.

The method of determining the price of gold is likely to change dramatically in the coming years. The importance of the physical metal is coming back to the forefront in the face of the imbalances created by the new geopolitical context and the difficulties linked to securing supplies.

What will gold in euros (EUR) do if this sharp entry into recession materializes? The resistance of €1,750, the previous high reached in 2020, has already been reached during gold's rebound last week. If gold breaks this level, we will likely be on our way to the all-time highs for gold in Euros,...

The volatility of the markets cannot hide the fact that the economic slowdown is now a fact. And it is especially in Europe that the end of the year is likely to be complicated. Under these conditions, gold serves as a safe haven. Physical demand figures continue to reach record highs. Fear of re...

The slowdown in the rise of the dollar, the oversold situation in metals and the high level of short positions should allow a pause in the correction phase of metals. For a true rebound to occur, the market must move from a macro approach to a realization of the reality of available physical inve...

The situation on futures is totally disconnected from what is happening on the physical market and this concerns all precious metals: physical demand remains very strong on gold and silver, but also on platinum.

This is the paradox of this unprecedented situation: the collapse of demand is leading speculators to open bearish positions on metals, at the very moment when the energy crisis is threatening available stocks!

What if the fight against stagflation is only just beginning? Gold is the safe haven asset par excellence in case stagflation takes hold, especially since the supply of physical gold is decreasing.

Over the past fifty years, sharp declines in consumer confidence have always coincided with periods of gold buying. It is almost as if gold is anticipating fiscal or monetary intervention in response to this famous engine failure.

The intensity of the bond market's decline is unprecedented. Bloomberg's Aggregate Index, which measures a basket of more than 28,000 bonds, has lost more than 15% since the beginning of the year, a drop not seen since the 1970s.

The recession forecasts is leading many speculators to bet on the coming fall in commodity prices. this strategy of short selling on commodities is coming up against a problem of physical supply. In metals, reserves on the London Metal Exchange have never been so low, and the latest correction ha...

Gold is logically regaining its stable monetary value in an increasingly tense geopolitical context, at a time when the energy future of the European continent poses many questions and when the risks of stagflation have never been so great since the Second World War.

The difference between the number of certificates and the investment in physical metal is now very clearly marked. At a time when the situation on the physical stocks of industrial metals and precious metals is becoming more and more tense every week, it is finally quite logical to see so many in...

Rising wages, falling productivity: inflation is not transitory and is becoming uncontrollable for the Fed, because it is linked to a problem in the supply of raw materials.