White House to Issue Decree Clarifying Gold Bars Tariffs
The Trump administration intends to issue an executive order in the near future to clarify what it called misinformation about the tariffing of gold and other specialty products, a White House officia...
Fiscal QE Weakens Markets and Accelerates the Rush to Gold & Silver
At first glance, the US employment figures released for July 2025 appear solid. The unemployment rate remained stable at 4.2%, and casual observers might see this as a sign of economic resilience. How...
US Imposes Tariffs on Gold Bars
Update. The Trump administration intends to issue an executive order in the near future to clarify what it called misinformation about the tariffing of gold and other specialty products, a White House...
Europe: The Great Decline
Until now, the European Union has been regularly criticized for its nitpicking bureaucracy: a desire to regulate everything, even if it meant stifling emerging technology sectors — yesterday the inter...
Is Gold Really “Too Expensive”?
Some investors choose to defer their investment in gold, arguing that gold is “too expensive.” This argument can be viewed from two angles. On the one hand, it is clear that gold is “expensive” in ...
Three Interventions, No Respite: Confidence in the BoJ Eroding
On July 29, 2025, the Bank of Japan (BoJ) conducted three separate monetary interventions in a single day, an exceptionally rare occurrence. Among other measures, it offered to lend Japanese governmen...
Gold: Clues in Unusual Places Revisited
This week, we will revisit a blast from the past when we looked at three fun ratio charts back in June, 2023 to see if we could pick up any clues about the future direction of the gold price. I have u...
Will Gold Soon be Flippening on US Debt?
The price of gold is rising — more in dollars than in euros, due to the depreciation of the US currency — as is that of bitcoin. Equities, too, are on the rise: the S&P 500 has already wiped out t...
JGB Turmoil, Gold in Yen Surge – The True Price of the US-Japan Deal
The sudden rise in 10-year yields on Japanese government bonds – reaching 1.60%, their highest level since 2008 – comes amid heightened macro-financial tensions. The yield on 20-year ...
The Silver Market is in Turmoil
The silver market is at a critical juncture, marked by a growing dislocation between the physical and paper markets. On July 11, no less than 483 million ounces were sold short in a single hour on the...
U.S. Housing's Collapse vs. Gold and Silver Picks Up Steam
This week, we will look at the median price of a single family home sold in the United States vs Gold and Silver and see that, despite what your eyes might be telling you about home prices remaining s...
Rio 2025: BRICS in a Position of Power?
The BRICS 2025 Summit is now over. This year in Rio, it reminds us that the heart of the global economy is gradually shifting from West to East. Beyond important declarations on global governance, and...
China and the Revaluation of Precious Metals
Remember the cycles of the mining industry. For multiple reasons, the price of extracted ore tends to fall, particularly due to competition. Thus, as a mine is operated, the metal content generally...
U.S. Debt: Bessent's Crazy Gamble
Foreign investors continue to buy US debt on a massive scale. In April 2025, despite high market volatility, net purchases of US corporate debt by non-residents approached $50 billion, according to...
Silver, Platinum, Copper: The Great Return of Metals?
While gold has been the big winner in recent years, many other metals are now becoming increasingly scarce. Rising demand for metals is mainly driven by the energy transition (electric vehicles, photo...
New Turbulence on the Bond Market
The bond market continues to face severe turbulence. The British bond market has been under pressure since Rachel Reeves, Chancellor of the Exchequer in Keir Starmer's Labour government, was forced...
Has Gold Mania Arrived?
This week, we will look at a couple of gold ratio charts that suggest we may be entering into a mania phase in the yellow metal that could run for several years. The first is that of the gold price vs...
China Accelerates its De-Dollarization and the Internationalization of its Gold Market
A chart recently published by Liz Ann Sonders, Chief Strategist at Charles Schwab, vividly illustrates the current economic impasse in the United States. It concerns the Philadelphia Federal Reserve's...