France’s debt crisis appears to be accelerating, as foreign investors begin to turn away from French bonds and the spread with Germany widens sharply. How far could this loss of confidence go, and ...

The U.S. bond market is experiencing levels of stress not seen in years, as long-term yields continue to climb. Yet gold is ...

Rising interest rates are reigniting concerns over public debt, particularly in France. As the cost of servicing debt could ...

Fed reserve injections and rising long-term yields. As the U.S. bets on AI to boost productivity, the balance between debt, ...

At this historic juncture, as fall approaches and budget votes loom, debt is at the center of every debate. Everyone is gradually coming to realize — whether consciously or not — that this issue is ...

The markets have reacted with relative calm to the latest developments in the Middle East. The new attacks on Saudi oil facilities in Abha and Jizan, Iran’s threats to establish a maritime exclusion ...

No one has mentioned this yet, but let’s get ahead of the question. Since we’re in the thick of the presidential election campaign and ideas we might call “original” are starting to pour in, it’s best ...

This week, we will revisit two key gold ratios: Dow/Gold and NASDAQ/Gold. In a bonafide bull market, Gold will substantially outerform these stock indices, which the yellow metal has done overall ...

In June 2025, I explained that the main risk to the markets might not be the rate hike itself, but rather the widespread adoption of the steepener trade. At the time, most investors were betting on a ...

While ETFs now account for a significant portion of investment demand, the price of gold appears to be influenced by multiple, sometimes conflicting forces. What is the respective contribution of the ...

In early June, I explained that the stock markets were giving a misleading impression of strength. The rise in U.S. indices was driven by an ever-smaller number of mega-cap tech stocks, while sectors ...

Gold’s high sensitivity to falling real interest rates suggests that a powerful driver of its upward trend will continue. In our previous study, we highlighted this strong correlation between gold and ...