NatGas : Europe needs to buy incremental LNG and pipeline gas at the same time as it competes with Asian buyers. Storage is roughly 67% full, versus a seasonal norm near 83%, so purchasers have less time and less flexibility to wait for cheaper cargoes >>> chart here EU Natural Gas - Price - Chart - Historical Data - News >>> Higher prices are in fact the market mechanism needed to attract LNG cargoes to Europe rather than Asia. Equinor has said Germany should be able to secure adequate gas, but at high prices; TTF front-month prices have already reached their highest level since January 2023... higher prices, risk premium in European gas—particularly TTF winter contracts—until storage targets look secure or global LNG availability improves, Europeans are paying about 12x what Americans pay for NatGas... read that again... Iran and Gulf states to meet in push for Hormuz deal | Regional states hope temporary shipping agreement between Iran and Oman can offer a pathway to ease hostilities and reopen the strait, after...Iran-aligned Houthis seized control of Yemen's port city of Mocha and advanced down the Red Sea coast to strategic islands, military sources said, hours after President ​Trump said he expected the Iran war to end after the U.S. midterm elections. (Reuters) => Brent Oil Trades Near $107 as Houthi-Saudi Fighting Escalates, Saudi Arabia finds itself in an exceptionally serious (weak) position Markets : 10's to 4.95% this week in anticipation of U.S CPI today, FED Sep hike now 70% priced in (and 2 more thereafter - seems enough ?), USD not really higher on higher rates #debasement risk , Microsoft Corp. plans to more than triple its data center capacity, equity markets slightly softer on mainly higher oil, to be honest fixed income following Crude which has rallied hard these last 2 weeks, the Houthis taking complete control of Mokha IS a BIG issue for the U.S and the world, global bond sell-off continues overall this week, not just a U.S thing.., ECB hiked as expected, more to come, next up BoJ to hike and stay hawkish (important for JPY), SPX500 tested 50dma yesterday, back above this morning ahead of CPI, strong UK GDP #GBPCHF grinds higher still... AI may become the third superpower. The threat to mankind is real, and Trump and Xi need to develop a shared strategy to confront it, writes Paul Tudor Jones, FWIW, I'm with PTJ on this one ! Bessent says ‘a large bank’ will be sanctioned on Monday as part of Iran strategy The yen’s sharp rally could reverse toward the upper 150s per dollar if expectations for faster Bank of Japan rate hikes and a shift by pension funds toward domestic assets fail to materialize, according to Barclays Saudi crown prince urged Trump to strike Houthis amid Red Sea threat Trump said 'NO'.. Mocha - Google Maps Strategic in the Red Sea.. Houthis Near Complete Control Of Yemen Key Port City Bringing Red Sea Shipping Under Threat | Times Now Saudi Arabia finds itself in an exceptionally serious position. Following the latest strike on the Abqaiq–Yanbu pipeline—which had reportedly become the last remaining route for oil exports after the blockade of the Strait of Hormuz—Saudi oil exports have effectively come to a halt. The situation is further aggravated by reports that Riyadh has applied for a substantial World Bank loan amid mounting economic pressures. The Houthis’ control of the Bab al-Mandab Strait would represent another major setback for Saudi Arabia, particularly as around half of its vessels were already reportedly facing attacks or blockages. It is difficult to see how the Saudis will extricate themselves from the crisis into which they have placed themselves. UK economy beats forecasts with 0.4% growth in July Amongst all the doom and gloom that is in the UK.....GBPCHF quietly pops its head above 1.10... Bessent says 'a large bank' will be sanctioned next week AI May Become the Third Superpower - WSJ Nvidia stock edges higher on Microsoft data center expansion report Oracle earnings show slower cash burn as AI spending starts to pay off; stock jumps 4% after market The World’s Most Critical Line - Tavi Costa The US dollar is approaching one of its most consequential technical tests in years. U.S. Debt Matters, but the Euro Area May Create the Next Crisis | dlacalle.com The solution is not more government, monetization, intervention, or more taxes on productive capital. The answer is credible spending cuts, lower structural deficits, stronger incentives for private investment, and reforms that eliminate regulatory burdens and lift productivity as well as economic growth. If nothing changes, U.S. debt will continue to tighten global financial conditions, but the euro area may still be the place where the next sovereign crisis erupts. Michael Pettis on X: "1/2 Caixin: "China defended its large current-account surplus, saying the funds generated by its export strength are recycled into overseas investments that support industries and financial markets abroad." https://t.co/kwMVJozteJ" / X

Bessent bond plan details revealed ( (tested right after announcement last night, 10's UST up 5bps to 4.84%..) as Treasury secretary tells FX traders he’s ‘the house now’..., one might dislike is rather bold or cocky approach, but has been consistent so far (it's not about morals and attitude, its about what he wants markets to do..and so far it's spot on... with regards to JPY strength, and more ahead ! #USDdebasement #duration risk (as Trump added another $1.3trn of promises overnight..)..., given inflation and relative strength in US K economy 4.85% in UST yields is not crazy at all LONGTERM, not at all, but you need charts going back 30-50years, not just 15years.. Trump promises to send a $ 5'000 check to all Americans, that's another $ 1.3 trn to come up with #debasement #GOLD , XPT had a very nice break up, XAGUSD awakening too, honest guv : ''just an honest public bride to voters'... This is a WILD divergence 'the gap between US & Chinese 10Y yields just hit a record 3.17%''.. - US yields are rising on debt supply & hike expectations - China's yields are falling on weak credit demand & deflation.. Markets : Brent over $100, UST 10's 4.84%, ECB to hike 25bps today (priced in), and we get U.S PPI later, followed CPI tomorrow, both pretty key given UST's, the response to U.S treasury buy backs this week (total of 14bn!!..) is quite telling...beware.., only 37% of S&P 500 stocks are trading above their 50-day moving average, the worst market breadth in more than 5 months, Anthropic reports fourth cybersecurity incident with early version of Claude, >>> USDJPY while <155, heading for 142, confirmation through 152.50 area >>> UST yields are up and USD is NOT rising ... this is highly unusual #debasement #gold #xpt #xag in play #GDX #mining companies Surprise..?..nope....AI data centers won’t create as many UK jobs as the tech sector projects, think tank warns Iran and US hit tankers in biggest wave of attacks on shipping since war began | Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, ‌in the biggest wave of attacks on shipping by both sides since the start of the six-month-old war. (Reuters) => Brent holds above $100 as tanker attacks deepen supply fear ECB rate hike ‘all but certain,' but questions remain Trump promises to pay Americans $5,000 if Republicans win midterms More debt, more debasement.. Market calling his bluff ... Nic on X: "Treasury buybacks this week: up to $14.5B. 10Y yield's response: 4.85%, highest since 2023. The government is now buying its own debt & the market is selling into it. The treasury is quite frankly pissing into the wind. https://t.co/BBzrWC2tLM" / X US Treasury Triples Long-Dated Debt Buyback to $6 Billion Lisa Abramowicz on X: "Traders are implying almost three Fed rate hikes ahead, with 2-year Treasury yields 66bp above the current fed funds rate. That's the biggest differential since 2022, during the post-pandemic rate-hiking cycle. https://t.co/1ZepcEuw4E" / X A lot priced in already... !! probably too much, good for #GOLD #SILVER #XPT What's next after #AI ??...... Advertotial 3 #QTUM Sundar Pichai To Step Back From Google, Jumps on Quantum Computing Financial Tech Anthropic discloses fourth AI hacking incident missed in earlier review - CNA AI data centers may create far fewer jobs than projected, think tank warns Excellent #XAGUSD #Silver analysis 🇦🇺Craig Tindale on X: "The Silver Turnstile: Tracking the 330 Million Invisible OZ That Prevent Delivery Failure" / X Gold rangebound as weaker dollar offsets rate-hike and inflation risks | Saxo Apple foldable iPhone: New boss starts with gamble on latest device Maria Bartiromo discovers that her boss is not Donald Trump CS-Pensionskasse zeigt: Job-Abbau gigantisch – Inside Paradeplatz UBS CEO flags investor complacency as geopolitical and economic risks mount Liz Webster on X: "Johnson had no credible plan for making Brexit work. Sunak tried to manage the consequences. Starmer inherited the damage and then inexplicably imposed his own red lines ruling out the Single Market and Customs Union. Now Burnham wants a European deal capable of adding https://t.co/vYCflbCcFV" / X

Anthropic : ..right before going for IPO... AI researcher Jacob Coxon quits after 3 years at OpenAI and Anthropic, warning that many AI executives privately fear superintelligence "could kill us all" by the end of the decade... >>> so the people building AI, believe it's going to kill us all by the end of the decade, BIG if true clearly.. doesn't sound all so 'super self-improved intelligence' to me..and you ?? Iran attacks US base in Jordan, ships near Hormuz after tankers sunk | Iran's Revolutionary Guard said it ​fired ballistic missiles at a base in Jordan used by the U.S. military and attacked 10 ships, after the U.S. said it had destroyed ‌five Iranian oil tankers, in a sharp escalation of the six-month-old war. (Reuters), Marco Rubio warned Iran will lose more tankers each time it tries to strike US vessels , The Trump administration on Tuesday imposed sanctions on additional elements of Iran’s aviation industry, Iran turns to crypto to get around sanctions, => oil nears $100 Markets : Trump's wars, trade wars and currency action, it's a HUGE statement to talk JPY up like this (ie USD down..without saying it..!!), U.S. Treasury could begin buying back up to $10 Billion (JPM chatters) of long-term debt per individual operation - most likely 5-6bn, let's see how goes, big issuance week, you can fin result of todays (ALL..) auction on PVM's US Debt watch monitor usbudget.purevaluemetrics.com JPY >>> “I am the house now, so when we intervene with the Japanese yen, I have pretty good insight into what the Japanese, what the Bank of Japan is going to do, what Japanese policymakers are going to do,” Bessent said at a Southern Methodist University event in Texas on Tuesday. “And you can bet against me if you want.”....pretty clear message, sounds cocky, it is, but it's clear he has Japan and other's support to talk another G7 currency up, it IS a big statement that must be pre-agreed somewhat within G7.... (it avoids talking USD down..!..) U.S. Debt now exceeds 100% of GDP for the first time since World War 2 OPEC+ has lost control of the oil market This is pretty big news, one would think!!.. Jacob Coxon on X: "I resigned from Anthropic today. I spent the last three years doing pretraining research at both OpenAI and Anthropic. Neither company is acting responsibly. They are racing straight to self-improving superintelligence and gambling with our lives. More thoughts below." / X DeepSeek IPO: China's DeepSeek taps CITIC Securities for domestic IPO - The Economic Times China consumer, wholesale inflation rebound in August U.S. Treasury Expected to Increase Debt Buyback Size to $10 Billion Per Operation | Gate News Crandall sees something in the $5 to $6 billion range as a plausible starting point, while acknowledging even larger increases wouldn’t be out of character given the rapid shifts in the Treasury’s strategy during the past few weeks. Amplifying the immediate consequences of Wednesday’s news: it’s due to come just hours before the department’s next sale of 10-year notes, and a day before a 30-year bond auction. US strikes 5 Iranian oil tankers; Tehran targets Jordan base, US warships | US-Israel war on Iran News | Al Jazeera Pete Hegseth will be the next to fall - by Paul Waldman US hits remaining parts of Iran's aviation sector with sanctions in latest move to isolate Tehran - AOL OPEC+ has lost control of the oil market - TheStreet GBP G10’s ‘surprise’ currency star could stumble as peers hike rates Miliband says Israeli response to UK sanctions on West Bank settlements 'deeply regrettable' - BBC News Nike just got kicked out of an elite club - TheStreet Must be time to buy it !!! #NIKE Barchart on X: "U.S. Debt now exceeds 100% of GDP for the first time since World War 2 🤯👀 https://t.co/E3OW7Njxq5" / X Wilfred Frost on X: "Jeff Currie thinks global recession risks are “absolutely” under-priced by market, but governments know it’s coming. “We have a problem in diesel.” @CommodMkt Full ep below or here: YT: https://t.co/joiGGU2jFo Apple: https://t.co/3pKIbODwOv Spotify: https://t.co/sZLVQSRXfO https://t.co/hdr3mGYkL3" / X Liz Webster on X: "🚨 Britain has missed out on nearly £2 TRILLION of investment 👉 mostly thanks to Brexit Oxford Economics estimates that if Britain had invested at the OECD average of 22.5% of GDP, an additional £1.9 trillion would have flowed into our economy since 2000. Of 38 advanced OECD https://t.co/Q3V8Ubclr1" / X

Pure Value Metrics is a Global Asset Manager based in Switzerland. We also provide Multi-Family Office Services specializing in Trusts for International investors. Pure Value Metrics Switzerland For Swiss and International Clients, we provide comprehensive tailored asset management and innovative multi-family office services, including trusts. We facilitate multi-generational capital appreciation solutions. Unique Relative Value investing supported by detailed balance sheet analysis PVM is a Swiss based asset manager for Global Markets, with a unique Investment Matrix dynamic portfolio selection process, which involves targeting single value stocks and then taking a deep dive into their balance sheets for financial robustness and then assessing their relative value both against their competitors and themselves, to determine the investment entry and exit point. Latest Monthly Client Report PVM BITs BLOG Our daily round-up of Global Macro Market Trends and insightful news topics are offered with a free subscription Subscribe Blog Anthropic : Ai researcher Coxon quits !! / Bessent dares JPY traders ? big statement !.. / Iran, Jordan, US >> Brent $100 Huawei's own chips / JPY interventions, UST selling, GPIF's new asset alloc / Brent $100 / Copper all time high Hormuz in focus, new shipping route / AfD wins big / FED Sep hike : 60% priced in / JPN sold UST's to fund intervention Media Apperances Please reach out to discuss your requirements Contact us / Visit our office

Relative value asset management for global assets. PVM's Investment Matrix combines balance-sheet analysis with peer comparison to identify entry and exit points. Asset Management Using our unique relative value based Investment Matrix we build portfolios with superior analytical metrics, compared to mainstream equity indices. We currently have two different Portfolio offerings; firstly our classical Long only Global Equity model (suitable for all investors), and a Multi-Asset Class model, designed to generate additional alpha (suitable for Professional and Institutional clients only). We deliver discretionary portfolio management through individually segregated accounts held in your name. This flexible mandate empowers you to complement our core PVM Investment Matrix Portfolio by actively incorporating listed securities of your own selection. PVM Global Equity Long Strategy Type Long Global Equity Suitable for All Investors Focus Absolute return/low risk Minimum Investment 150k CHF 2025 Performance 2026 Performance (31. August) +21% +7.1% Performance since Jan 2016 +109% More PVM Global Multi-Asset Strategy Type Multi-Asset Class Suitable for Qualified Investors Focus Absolute return Minimum Investment 250k CHF 2025 Performance 2026 Performance (31. August) + 26% +10.6% Performance since July 2015 +194% More Our Investment Philosophy Investment Matrix Fundamental Design In 2015 we developed our dynamic Investment Matrix consisting of many fundamental variables, designed to identify value opportunities within Global Equities. Our Investment Matrix is constructed to identify and establish sustainable value. There are many reasons why that value may also not be sustainable, such as changing consumer sentiment or spending more on share buybacks than current cashflow permits, the PVM Investment Matrix reacts to these changes. Algorithmic Processes Systematic Throughout We utilise proprietary algorithmic screening, with a high degree of automation, to analyse the global equity universe, monitor our Clients' Portfolios, and identify new opportunities. Furthermore, we use algorithmic execution tools when buying and selling our clients' portfolios, where appropriate. Qualitative Rationale Deeper Understanding Driven by deep analysis of balance sheets and employing further levels of qualitative analysis, results in a thorough understanding of the companies we invest in. We consider factors, such as; the mix of Goodwill and Intangibles to Net Equity, tracking deviations from recognized Accounting Standards and taking a broader view of the global economic landscape. Robust Returns, less Risk Better Together The combination of quantitative systematic analysis, overlaid with qualitative reviews and active management within clearly defined parameters, results in an investment model which is both robust and not easy to replicate. Stable returns are achieved by taking less investment risk, at higher valuations. Investment Process "We believe that an uncompromising investment process is a key component in delivering consistent returns."

A Global Equity strategy focusing on quality and suitable for all investors from Retail to InstitutionalVM's Global Equity Long strategy targets undervalued global equities through disciplined balance-sheet analysis and relative value screening. PVM Global Equity Long PVM Global Equity Long Our Global Equity Long model offers a comprehensive investment strategy, suitable for Retail, Professional and Institutional Clients. Focusing on the importance of balance sheet analysis in equity investing our strategy aims to maximize long-term wealth creation by identifying financially strong companies with sustainable growth potential. The strategy places significant emphasis on fundamental analysis, particularly on balance sheet assessment. By analysing a company's financial statements, and systematically evaluating key metrics defined within our Investment Matrix , such as liquidity, price to earnings ratios, and dividend yields, helps us identify companies with robust balance sheets, strong capital structures, and good financial health. Focusing on financially strong companies, the strategy seeks to identify investments that can weather short-term market fluctuations and deliver sustainable long-term returns, which is proven through our track record. We do not take a contrarian view, nor are we locked to any specific countries our sectors; our Investment Matrix seeks quality and consequently allows the construction of well-diversified portfolios. Our goal is to generate long-term wealth while effectively managing risk. Performance Presentation Strong cumulative performance Management fee 0.84% annual (debited monthly) Performance fee 10% high watermark (debited monthly) No withdrawal fees No lock-up periods Suitable for Retail, Professional and Institutional Clients. Contact Button Button