Offer & Supply

The situation on futures is totally disconnected from what is happening on the physical market and this concerns all precious metals: physical demand remains very strong on gold and silver, but also on platinum.

While overall LBMA inventories shrunk by 17.9% in recent months, we may wonder how much real physical silver is for sale in the London market.

This is the paradox of this unprecedented situation: the collapse of demand is leading speculators to open bearish positions on metals, at the very moment when the energy crisis is threatening available stocks!

The massive money creation in the 2000s has led to a debt and asset bubble, which is about to burst. Investors will be shocked by the speed of the decline and won’t react before it is too late. The massive money creation by central and commercial banks in this century has resulted in a growth of gl...

What if the fight against stagflation is only just beginning? Gold is the safe haven asset par excellence in case stagflation takes hold, especially since the supply of physical gold is decreasing.

Investors who exited the stock markets early enough will have to re-invest their cash somewhere. However, the stocks are falling and so are the bonds. The safety is certainly to place them in the precious metals, whose charts and fundamentals are extremely reassuring.

The recession forecasts is leading many speculators to bet on the coming fall in commodity prices. this strategy of short selling on commodities is coming up against a problem of physical supply. In metals, reserves on the London Metal Exchange have never been so low, and the latest correction has o...

The difference between the number of certificates and the investment in physical metal is now very clearly marked. At a time when the situation on the physical stocks of industrial metals and precious metals is becoming more and more tense every week, it is finally quite logical to see so many inves...

Rising wages, falling productivity: inflation is not transitory and is becoming uncontrollable for the Fed, because it is linked to a problem in the supply of raw materials.

Looking ahead, gold might attract further interest as a diversifier as central banks seek to reduce exposure to risk amid heightened uncertainty. Our expectation stands for central banks to remain net purchasers for 2022.