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- Due to global competition, mineral prices — regardless of the type of commodity — tend to decline over time. There comes a time when the operation of a mine becomes economically unprofitable due to low prices. Small firms, unable to withstand this pressure, are closed down or acquired by competitors with greater financial resources, who […]
- The U.S. economy is showing much deeper signs of fragility than the markets seem to comprehend. Travelling to New York this week, I'm struck by the contrast with my last visit, shortly after the Covid pandemic. Main Street's decline is evident. The U.S. tourism sector is feeling the first shocks of the boycott campaign launched […]
- Many of my readers will know that I am a big fan of comparative analysis and that I often look for clues in one chart to help figure out what might happen to another. This week, we'll be doing just that with charts of Platinum and the Gold/Platinum ratio in an effort to see if […]
- Japan is currently undergoing a critical period that is shaking the apparent stability of its economy. Although underlying inflation remains contained, the soaring price of rice – an emblematic and central commodity in the Japanese household consumption basket – has shaken perceptions of the cost of living. In just a few months, wholesale rice prices […]
- Are we on the eve of a bond market explosion, the beginning of the story being the end of convertibility between the dollar and gold announced by Richard Nixon on August 15, 1971? It was following this decision, combined with the explosion in budget deficits triggered by the first oil crash, that governments began to […]