Gold

We'll try to understand how a recession manifests itself and how long it takes to materialize. As a reminder, recessions are often beneficial for gold price growth.

The global economic slowdown is having a direct impact on the accelerating depreciation of the Japanese currency. Under these conditions, the price of gold in yen continues its parabolic rise.

Current history shows a decline in US monetary hegemony, marked by a series of de-dollarisation announcements and a reduction in dollar reserves in central banks, signalling a change in international trade, particularly in commodities such as oil.

The slowdown in the US economy is amplified by structural problems in the labor market and inflation, masked by a rise in part-time employment and temporary support measures, with an increased risk of recession due to the prolonged inversion of the yield curve.

As we near the end of a monetary era, key dominoes like political stability, currency, and debt will fall, causing social unrest, war, and economic collapse, with gold becoming a critical stable asset and its value significantly increasing.

When a single stock soars, we often lose sight of the bigger picture. NVIDIA, for example, allows us to overlook the fact that banks are facing record losses due to the collapse of the bond market.

Tavi Costa emphasizes the importance of identifying macroeconomic trends, particularly the growing shift towards hard assets like gold amidst global inflationary pressures and geopolitical changes. He points out the rising demand for commodities like copper and the underinvestment in precious met...

The release of a lower-than-expected US CPI and the Fed's decision to keep rates unchanged sent gold lower, while the dissolution of France's National Assembly caused tensions to mount on the French bond market.

Few analysts chart the Dollar Index, DXY, as a means of predicting the future direction of the gold price. Their assumption is that if DXY is trending down, then gold will be trending up and vice versa. But this is a mistake.

US markets hit new highs thanks to the rise of technology stocks, notably NVIDIA, while European households prefer bank savings. At the same time, China and other BRICS countries are increasing their gold reserves, moving away from the dollar.