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Fifty years to the day after the Yom Kippur War, the Hamas terrorist attack on Israel stunned the world with its brutality and suddenness. It was anticipated that this war would last longer than the previous one (less than twenty days, from October 6 to 25, 1973), with the threat of global repercuss...

In this article, we analyze gold's monthly performance. First of all, it appears that "minimal" monthly variations account for the vast majority of gold price variations. In other words, most of the time, the price of gold follows a channelled, low-volatility pattern.

The current bond crash is historic. The EDV ETF, which measures the price of very long-dated US Treasuries, has fallen by 58% in just over a year. The bond market's current fall is now greater than that recorded by the equity market during the last financial crisis in 2008 (-56%).

As central banks continue their headlong rush to the top, they are faced with a Cornelian dilemma: bring inflation down to 2% at the risk of triggering an unprecedented economic and financial crisis, or allow prices to rise, which would call into question their mandate and lead to social upheaval.

The ECB has just raised its deposit rate to 4% and halted its sovereign debt repurchases, with the stated aim of stamping out inflation. Unfortunately, this will probably have little effect, as oil prices are slowly but surely climbing.

The Western world economy is now as close to being terminally ill as it has ever been and its population is continuously getting unhealthier.

30-year Treasury bonds have fallen by more than 50%. Losses are starting to mount again, and this is worrying many observers. Although the US is not exposed to the risk of default, this decline reflects the effects of tighter monetary policy.

In the United States, the consumer price index (CPI) rose by 0.6% in August and by 3.7% year-on-year. This is an acceleration on the 0.2% monthly increase and 3.2% annual gain published in July. The year-on-year increase is higher than the economists' forecasts. In other words, August's CPI exceeded...

Precious metal prices, particularly silver, are closely linked to energy prices. Bank demand for gold looks set to be extremely strong in the final quarter of 2023, especially as the banking crisis is likely to spread internationally, as it did in 2008.

China added to its gold reserves for a 10th straight month, extending a push to bolster its hefty stockpile as it tries to diversify away from the US dollar.