Gold Market News

The US real estate market is experiencing an unprecedented freeze. Mortgage demand in the US has fallen to its lowest level since 1995. In less than four years, mortgage applications have fallen by a spectacular 63%, reflecting growing buyer disaffection: Taxes and insurance: a growing burden In September, a record 32% of US household mortgage payments were absorbed by taxes and insurance, reducing the...

This week, we'll look at medium-term charts of Silver/Euro and Silver/FTSE. First, Silver/Euro shows us a horizontal channel consolidation that began during the Silversqueeze following the Covid low in 2020. Investors were left frustrated as Silver/Euro went nowhere for four years until it finally broke above its channel just last year. Prices went on to form a wedge just above the channel, which it has...

One of the factors suggested to explain the rise in bitcoin's price is that it is becoming the investment of choice for businesses and wealth management (family offices, multimillionaires). True, but isn't this part of a more global phenomenon that includes gold? This is explained in an interesting article in Echos: “Gold increasingly popular in investor portfolios”. According to BNP Paribas AM manager...

Inflation... that hidden tax that's still very much with us. Since 2022 and the post-Covid economic recovery, rising prices have weighed heavily on household purchasing power. After successive interest rate hikes, prices finally seem to be slowing down, but there are still many uncertainties. So can we look forward to a return to normal, or should we expect a new economic reality marked by high...

US Producer Price Index (PPI) figures are lower than expected. On a monthly basis, the overall PPI rose by 0.2%, below the forecast of 0.4%. Core PPI (excluding volatile items) remained unchanged at 0.0%, whereas an increase of 0.3% had been anticipated. On a yearly basis, overall PPI grew by 3.3%, slightly below expectations of 3.5%. As for core PPI, it rose by 3.5%, also below the 3.8% forecast. In...

This week, we'll change things up from our usual analysis on longer term charts and instead focus on the short term to see if there are any clues about where gold and silver are headed next. We'll start with a 4-hour chart of gold and see that it has created a triangle consolidation pattern since making its all time high back in October, 2024. Many of you will recall that gold was on an absolute tear...

With 2024 now behind us, the year ahead promises to be all the more dramatic. The times in which we live remain historically intense. At this very particular moment when two worlds are separating, the decades to come are being written today. 2025 will therefore be marked by the accelerated development of all the phenomena of the time (intensification of geopolitical conflicts, reinforced fragmentation...

The year 2025 is beginning with stagflation. In Europe, economic activity continues its slowdown. The latest manufacturing PMI indices all show a marked decline, while the job market in turn is likely to be impacted by this slowdown in the months ahead. The German economy is going through a deep crisis that threatens to spread to Europe and the rest of the world. In December, the PMI services index rose...

This week, we'll close out our chart analysis for 2024 with a look at a long term combo chart with the Dow/Gold ratio quarterly line above and gold below. Immediately, we can see that the ratio is currently trading near an historically significant level near the 1929 high. We can see that price has fallen through that level 3 times in history, and when it has, the drop has been dramatic with an 87%...

What is the future for the French economy? What does the future hold for a country with four simultaneous deficits - the only one in the entire eurozone? What is the future for a country with a debt of over 3 trillion euros, which finds itself sanctioned by a transnational institution - the European Commission - for its budgetary situation? What is the future, finally, for France, which, in addition to...

For the third year running, our forecasts for the price of gold have come true. In December 2023, we pointed out that “the average trend in the price of gold at this stage of the cycle suggests the possibility of a potentially high-performance impulsive upward movement (up to +30% within 12 months)”. Over the year 2024, the price of gold has in fact climbed by almost 30%... a performance unmatched for...

As we enter 2025, the US economic situation is showing signs of growing tension, with several dynamics converging to accentuate the fragility of the financial and consumer system. Numerous graphs reveal a fundamental shift in the interest rate environment, coupled with an alarming deterioration in household finances. The first important graph is that of the US 10-year yield: Since 2022, there has been a...

In my bulletin from January 19, 2024, titled “The Fed Has Not Won the War on Inflation”, I wrote: “The resurgence of inflation will certainly complicate the Fed's task when it comes to making the decision that markets have been anticipating for several weeks: stock market performance is explained exclusively by the Fed's promise of a rate cut.” I had also added: “Overall, the market does not seem to be...

This 32-minute discussion between Grant Williams and me covers my 55-year professional journey from banking in Switzerland, building and running a major UK FTSE 100 company (DIXONS), and setting up a major business in wealth preservation based on physical gold. In the interview, I discuss with Grant that gold is nature’s money and, therefore, the only money that has ever survived in its original form...

Listen to episode 3 of our ‘À l'Orée de l'Éco’ podcast: Why invest in a "World ET"’? Because logic would dictate that “the world”, when it happens to be whole, does not pose isolated risks. Except that investing in the MSCI World means betting on 1,400 of the largest companies in mainly Western countries, geographically diversified in 23 countries and sectorally in 11 different areas of activity. We are...

As 2024 draws to a close, we'll take a look this week at long term annual and quarterly silver price charts that look incredibly optimistic for 2025 and beyond. The first is an annual line chart that clearly shows silver's 45-year Cup and Handle Pattern. For those who might be new to technical analysis, the cup & handle is one of the most explosive of patterns, and when they break out, their measured...

Western investor sentiment towards gold is at an all-time low, while we have literally been witnessing a gold rush in Asian countries for the past two years. ETF outflows persist, particularly in Europe, while India and China step up gold purchases. Why are the Chinese and Indians buying physical gold, while financial institutions in Western countries are reducing their exposure to the precious metal...

This week, Cyrille Jubert published an excellent article on the explosive silver situation. The silver chart pattern is reminiscent of that seen at the end of 2010: The gold/silver ratio remains historically high, suggesting a relative undervaluation of silver: A return to the historical average (67) could quickly propel the price of silver to $40 an ounce. Tensions in the physical silver market over...

A very interesting review by Éric Dor, Chief Economist at IESEG, summarizing the exposure of French and European banks to French debt. French banks are naturally in first place, with very high levels of exposure. In the event of a debt crisis, i.e., if the French government were unable to finance itself, the value of these assets would plummet, instantly putting these banking establishments at risk, if...