September 2020

Thanks to extremely stimulative fiscal and monetary policies economic data are improving and stock markets are booming. Further economic recovery and a continuation of the equity bull market will need further measures of stimulus.

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August 2020

Gold is now slightly overvalued and already discounts further monetary expansion. Indeed, excessive debt and related insol-vency risks mean that a further increase in the money supply is likely. The gold price should continue to rise in the medium- term and gold mining stocks remain attractive.

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Update July 2020

The economic recovery is running out of steam due to the re-introduced lockdowns. An insolvency wave is imminent, while monetary policy is driving equity markets to unprecedented heights. More on this in the Aquila Flash Update July 2020.

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July 2020

Gold and stock markets are driven by the flood of money. With a remain spread of the virus, central banks are likely to stick to their expansionary monetary policies. Gold stocks in particular should benefit from this. More on this in the new Aquila Flash July 2020.

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June 2020

Massive liquidity injections due to central bank balance sheet expansion and increased savings rates have catapulted equity markets worldwide. Even so, we caution against underestimating the risks in the second half of the year! Current assessments can be found in the new Aquila Flash.

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May 2020

The over-indebtedness risks increase. Meanwhile, gold is an attractive alternative currency. The new Aquila Flash discusses the possible effects of the Covid19 shock, why the debt monster continues to be fed and what the situation regarding gold (stocks) is.

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