The announcement of a partnership between the DTCC and the Stellar Development Foundation (SDF) for asset tokenization on Stellar by mid-2027 represents a major institutional event for a public blockchain. This partnership could include equities, ETFs, and US Treasury bonds. However, a detailed analysis reveals several points:
1. Solid but not exclusive fundamental thesis:…
Silver, a unique hybrid asset (monetary, industrial, speculative, linked to energy transition), exhibits higher volatility than gold. Its price is influenced by monetary demand, industrial demand, physical supply, and real interest rates.
The primary driver, monetary demand, is linked to real interest rates (nominal rates minus inflation). When real rates are negative, the opportunity…
Excerpt from the article by Neils Christensen
The gold market has experienced a downturn, with prices falling below $4,500 and testing the critical 200-day moving average support. Despite this short-term selling pressure, attributed to inflation concerns and speculation of interest rate hikes, one fund manager, Tom Winmill of the Midas Discovery Fund, believes the long-term…
Analyse de marché