Publications

Eurozone: Recession and Gloomy Economic Outlook

Published by Julien Chevalier | Jul 3, 2023 | 11236

Contrary to what many economists believed, the eurozone has finally entered into a recession. Rising interest rates and inflation are weighing on households. Consumption is falling. Demand for new loans is contracting sharply, particularly in France. The economic cycle is coming to an end. Like déjà...

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U.S. Companies Face the Debt Wall

Published by Laurent Maurel | Jun 23, 2023 | 8109

The U.S. debt crisis has been avoided, but the Treasury must urgently issue an avalanche of very short-term bonds to pay its bills. How much money does the U.S. government need? Initial estimates put the colossal figure at $550 billion, to be found immediately, starting this summer.

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The History of Gold Cycles

Published by Otavio Costa | Jun 15, 2023 | 12239

The multitude of macro drivers supporting the onset of another gold cycle is truly remarkable. Amplified by the prevailing skepticism surrounding the metal, we are arguably experiencing the most important time in gold's history.

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EU Banks Are Just As Worse Off As The U.S.

Published by Egon Von Greyerz | Jun 8, 2023 | 3177

Investing in gold is the way to safeguard yourself, and your family, from a broken financial system. Egon emphasizes that banks in the E.U. are no better off than those in the United States. He explains how the West’s debt is being increased exponentially, and that it’s only a matter of time before...

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The Problem With Gold Production Costs

Published by Thomas Andrieu | Jun 7, 2023 | 17872

Gold mining companies have a significant influence on the price of the yellow metal. With demand for physical gold tending to run out of steam in the first quarter of 2023, the pressure on production costs raises questions about the outlook for the gold price.

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Is the US Economy in Recession?

Published by Cyrille Jubert | Jun 7, 2023 | 6791

In reality, therefore, the American economy has been falling since the end of the 1990s. Despite the apparent rise in the stock market, the Dow expressed in grams of gold has been falling since the low point of gold in 1999.

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Gold: Looking for Important Clues in Unusual Places

Published by Mike Roy | Jun 5, 2023 | 9293

The charts compare the price of gold to the Producer Price Index of Lumber and Wood Products, but also to palladium and to the price of Microsoft stock. To figure out whether an asset is in a bull market, you don't just want to see the nominal value increase, you also want to see that asset outperfo...

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The Battle Against Inflation Is Far From Over

Published by Laurent Maurel | Jun 2, 2023 | 7284

The fall in oil prices and the dollar's significant rebound have not led to a significant correction in gold. This came as a surprise to many analysts, who were expecting gold to fall sharply in the face of declining inflation figures. Gold may be telling us that this fall in inflation is only tempo...

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China Makes its Mark on the Gold Market

Published by Julien Chevalier | May 30, 2023 | 17341

For the first time in several years, the People's Bank of China (PBoC) is once again publishing its purchasing data. This change in behavior is not insignificant, and testifies to the country's determination to establish itself as a major player in the gold market.

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