Financial markets

The UK bond market is under pressure, in an unstable global context marked by friction between the Fed and the Treasury and high sensitivity to uncertainty. Physical gold is becoming an instrument of economic survival and a bulwark against the erratic decisions of the authorities.

Many banks, governments and large funds are buying gold on a massive scale via perfectly legal but off-market channels. This is a growing trend, mainly in the Middle East and Asia, which makes the measurement of gold's value more complex than it first appears.

Capitalism promises us a paradise, but are we living in hell? Can economic progress be incompatible with human progress? An economy based on debt, and therefore on the imperative of growth, never ceases to encourage capital sins, an economy based on gold can adapt to human needs and therefore enc...

If the yield curve steepening bet reverses, it could have a significant impact on the gold price. In a scenario where long rates fall rapidly - for fear of recession or a return to caution by central banks - gold would benefit. Falling real interest rates would make the metal more attractive, and...

This week, we'll have a look at the charts of Platinum and the Gold/Platinum ratio in an effort to see if Gold has a big move left in it. Platinum tells us that we could be at an inflection point in the gold secular bull market.

The financial world may be on the verge of a regime change. Financial repression, thought to have been relegated to the past, is making a discreet comeback through the Japanese door. The Tokyo authorities are already trying to manipulate the yield curve by adjusting the supply of debt, hoping to...

The year 2025 is likely to be the year of crisis: the United States must refinance $9 trillion in debt — a quarter of its total outstanding — while financing an annual budget deficit of $1.9 trillion. A veritable debt wall. And then there's Japan, France, and so on. Will there be sufficient deman...

The gradual disappearance of structural buyers of sovereign debt - central banks, Japan, pension funds - ushers in a new era in which debt is no longer “free by design”, but must once again become desirable in a competitive universe. In this new context, physical gold is regaining its role as a s...

Debate on social media has been hot about whether Gold's current correction from its all time high around $3,500 set in April to near $3,100 this month has another leg down or if the worst may be over. This week, we'll look at a chart of Gold and a chart of the Gold/Silver ratio to see if we can...

When the bond market, and in particular that of US sovereign bonds, becomes unstable or loses investor confidence, it's not just bad news for financial portfolios: it's a crack in the very foundations of the global financial architecture.