Mining

The realization of the disconnection between the paper market and physical supply is likely to come very late: it is only when copper reserves are almost exhausted that the importance of physical versus paper will be truly measured. This sudden realization, which will also occur in silver, could...

Let's decipher the fundamentals of the silver market and the outlook for 2023. The latest World Silver Survey 2023 shows that the silver supply gap is historic and quite significant. This supply deficit alone represents 20% of total market demand !

Central banks are buying at a historic pace, demand for physical gold is rising sharply, and gold mining production is stagnating due to rising costs. This trend is indicative of a new equilibrium that is, so far, a bullish factor for the gold price.

Savers are not the only ones who have become poorer in the last two decades. Companies have also experienced a shortfall compared to the gold prices rise. If these companies had invested even a small part of their cash flow in gold, it would have greatly improved their financial situation...

Regardless of the extent of the economic slowdown, and the extent of future demand, metal supply is being revised downwards in most markets. Forecasts for 2023 suggest that inventory levels will not follow the usual intrinsic demand cycle. Indeed, we are already seeing real "runs" in some markets...

As the hegemony of the US is coming to an end, the dominance of the decadent West is moving quickly to the East and South. Commodity based countries like the enlarged BRICS will dominate for the next few decades and probably longer. Oil and gas will form the base of this shift but also many other...

As we close out the year 2022, it must be admitted that the performance of gold and silver prices in 2022 has surprised many analysts. The performance of precious metals is all the more remarkable in the face of sharp declines in equity and bond markets. Gold is outperforming the indices by more...

China is continuing its de-dollarization process, while at the same time trying to secure supplies of the raw materials. This is contributing to the pressure on metal stocks. Demand for physical silver is expected to increase by +16% over last year. Mine production is not sufficient to meet such...

The current crisis in the cryptocurrency market is a reminder of how important it is to know the product and the counterparty of the product you are investing in, and this also applies to holders of physical gold.

The news is marked by the crisis of confidence in the entire cryptocurrency sector after the spectacular fall of the FTX exchange platform. The reaction of the markets to the consequences of the crypto crash may therefore prove difficult to read. The other event of the week was the release of the...