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Iran updates : US President Donald Trump seems to be pursuing a “no war, no peace — just economic pressure” on Iran.., because...America’s depleted weapons stockpiles undermine Trump’s leverage with Iran Markets : crude prices up a bit for the usual reasons, still around $80 WTI, no-one really cares too much at these levels or rather suits most.., USDJPY is back to 159 (155 lows briefly last week - more action required, interventions + rate hike), French 30y yields 4.79% highest since 2008, CHF weakens still at snail pace, but it does weaken (trend), if you like and believe in further BoJ/Bessent JPY interventions, CHFJPY lower long-term is way out of PPP levels!. S&P 500 Price/Book ratio jumps to highest level in history, surpassing the peak of the Dot Com Bubble Nvidia lines up $500 billion in financing as CEO Jensen Huang tells CNBC his chips are ‘investable asset’ >>> so let me get this straight...Larry Fink of BlackRock is comparing Nvidia's $500B fund raise to the creation of Mortgage Backed Securities? I'm sure that MBS instruments have never caused us any issues in the past... UK regulator prepares framework for tokenised gold German truckers take the load as drought hits Rhine shipping. Emergency move to suspend Sunday ban comes as economists warn of hit to country’s GDP growth U.S. Bitcoin ETFs saw an inflow of more than $850 million last week, the largest weekly inflow since April, price unch still low 60K's US court rules Meta, other tech firms must face thousands of lawsuits over social media addiction. A US appeals court on Aug 10 allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet’s Google, ByteDance’s TikTok and Snap Inc’s Snapchat over claims they designed their products to be addictive to young users Nvidia, Wall Street asset managers partner on $500B AI push Japan-U.S. yen intervention: impact on global currency markets Investors Drop Stock Hedges as S&P 500 Rally Drives Options Shift - Bloomberg Munitions shortage constrains Trump's military efforts against Iran German truckers take the load as drought hits Rhine shipping UK regulator prepares framework for tokenised gold Swiss Gotthard road tunnel to close for 12 nights in August - SWI swissinfo.ch Spain imposes border checks on Italian travelers in tit-for-tat move over Ceuta migrants row US President Donald Trump issues backing for under pressure Fifa chief Gianni Infantino - BBC Sport Income investing: Helping your money work for you – The Armchair Trader US social media addiction cases to move forward

Iran says Hormuz deal close but US must meet commitments before strait reopens Saudi Arabia is bracing for attacks on ports and airports by Iraqi militias working with Iran-backed Houthi rebels, a Saudi official told CNN, then again Iran says US & Israel cant use Straits of Hormuz ...it's still a bit up in the air.. WTI sub $80 though, markets seem not to be bothered.. Markets : The S&P 500 is now up more than 100% since Michael Burry told people to sell in January 2023...eventually it'll be right, one day..‘Sell America’ Debate Re-Emerges as US Policies Sow Some Doubts, Global gold ETFs added $3 billion in July, reversing two consecutive months of outflows, The Fed is not going to hike, says Morgan Stanley’s Ellen Zentner, technically, USDJPY needs to go well below and stay below 200dma to worry any long-term carry trades (levels sub 156 JPY ideally), PM's definitely put a big base in last 2months, strong rally of lows.. Just three companies, Amazon, Alphabet and Meta, have already sold nearly $170 billion of investment-grade bonds so far in 2026, dwarfing last year's total tech issuance: Bloomberg. And they keep issuing, with Alphabet today looking to sell an additional $25 billion of bonds China’s exports growth beats estimates in July, as AI-driven shipments surge Apparently everyone is long and leveraged up... >>> and yet... S&P 500 sees "record" call option buying When gold goes up you will read on X it’s due to physical demand (russia, Korea and few others last few days news).. when it goes down it’s paper selling US court granting an eleventh-hour attempt to prevent the disclosure of the financial performance of the US president’s companies Live updates: Iran says Hormuz deal is close but US must meet commitments before strait reopens | CNN US Treasury's Bessent: Reasonable for Fed to consider upsizing FIMA PUT simply......The US Treasury is printing dollars and buying US Treasury bonds from the Japanese. So the Japanese are in effect dumping US Treasuries but the US is managing the dump by printing dollars and absorbing the bonds. It’s clever - it’s also a little bit desperate >> It’s a version of Open Market Operations, done daily if bond auctions fall short, using FIMA facility that was created in 2022 (back then no treasuries were sold for those reasons)... US Treasury Secretary Scott Bessent suggests Federal Reserve could consider raising FIMA liquidity facility Fed's Warsh to stick with scaled-back communications - report | Seeking Alpha Kevin Warsh Opens Door to Surprise Fed Move ‘Sell America’ Debate Re-Emerges as US Policies Sow Some Doubts Bonds, Dollar Weighed Down by Washington Policy Decisions - Bloomberg The Fed is not going to hike, says Morgan Stanley’s Ellen Zentner Traders on Kalshi say it's likely S&P 500 will hit 8,000 in 2026 Treasury Secretary Scott Bessent on X: "A familiar act of mainstream media sophistry: work backward from a partisan verdict and then call the result analysis. The truth is wages are up for Americans across the distribution, but importantly earnings growth for Main Street workers at the 25th earnings percentile was https://t.co/EggVS98OwC" / X China's exports growth beats estimates in July, as AI-driven shipments surge Pentagon’s Secret Panic After Furious Trump Call Revealed Canadian Prime Minister Mark Carney Mocks Trump After Teleprompter Glitches During News Conference US federal judge halts order for Trump to turn over financial records to BBC | Donald Trump | The Guardian This sounds a lot worse than published.. Plane near drone found at German airport was carrying ammunition, media reports say | Reuters Republicans vote to hold Anthony Fauci in contempt of Congress as Democrats blast ‘McCarthy-esque’ hearing | The Independent Asia turns to gold in structural wealth shift - The Banker Hedgeye on X: "Global gold ETFs added $3 billion in July, reversing two consecutive months of outflows https://t.co/WOfJlmpjfL" / X Bitcoin party is over, much bigger selloff coming, says Peter Schiff - TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more caviat : he would say that...

PM's had a great week finally moving off the lows, base formation (The Bank of Korea is set to buy physical gold for the first time in 13 years, per Reuters, From August 7, the Ministry of Finance of the Russian Federation will increase the purchase of currency/gold to 6.5 billion rubles per day #GOLD ), Asia's largest gold ETF (Huaan Gold ETF of China) saw net inflows for 16 consecutive days! Treasury Secretary Scott Bessent One of the highlights of the Warsh Fed has been watching stenographers posing as journalists, like the WSJ’s Nick Timiraos, reduced to reporting Fed backroom gossip because they’re incapable of performing real economic or monetary policy analysis without being spoon-fed, touching a nerve somewhere..will be interesting to read how the 'journalists' respond when doing their annual review on Bessent and Trump...won't be pretty... Markets : SpaceX lock up ends today, crude WTI around $80, 10's UST 4.61%, JPY giving back a bit of gains, USD near 6 week lows (positioning still long), BTC 65K ? (chart below), It's time to raise rates, cautions Minneapolis Fed President Neel Kashkari, More than 4 million S&P 500 call options traded on Tuesday, the most in history (Casino Royale..), Yuan hits strongest level against the U.S. Dollar since February 2023, Copper hits new ATH's, overall markets pretty happy to giddy up in the summer heat ! though as usual some decent vols underneath it all..stay focused ! WSJ : The joint U.S.-Japan support of the yen is unusual. The way it is being financed is unprecedented, and adds liquidity when the punch bowl of the U.S. economy and markets is already overflowing US refunds $100 billion in tariffs struck down by Supreme Court, filing shows Big US hedge funds targeted by wave of cyber attacks. Point72 and Citadel among firms hit by audio phishing schemes Britain’s national debt said to top £3tn "Market leverage is pretty high," JPMorgan Chase CEO Jamie Dimon SpaceX Won’t Destroy Telecom—It Will Just Reinvent It US refunds $100 billion in tariffs struck down by Supreme Court, filing shows | Reuters Scott Bessent’s Yen Trade Has Unintended Consequences for the Markets - WSJ The Ministry of Finance will increase the purchase of foreign currency in August: the volume of transactions, reasons, impact on the exchange rate Google is expanding its AI empire — and losing the people who built it Big US hedge funds targeted by wave of cyber attacks China reports slight increase in gold consumption - Chinadaily.com.cn The China Gold Association has released that gold production in the first half of the year decreased by 14.62%, while total demand increased by 1.23%, with investment demand growing by 28.42%. China is the world's largest producer of gold. JPMorgan's Dimon Warns of High Market Leverage Risks - Business Insider You bet it is.. SpaceX Won’t Destroy Telecom—It Will Just Reinvent It - Barron's SightBringer on X: "⚡️The Bank of Korea is set to buy physical gold for the first time in 13 years, per Reuters. The central bank plans to hold the gold domestically, rather than storing it at the Bank of England, marking a notable shift in its reserve strategy. This is much bigger than South https://t.co/vnkEYCeUfP" / X What Leopold Aschenbrenner’s Fall Says About This Overleveraged Market - Barron's Britain’s national debt said to top £3tn BTC 65K ? Barchart on X: "Bitcoin $BTC - 3rd time is the charm? https://t.co/aAiZDYKOnj" / X Farage’s popularity is plummeting. In Clacton, voters are losing faith

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 Hormuz deal 'close' / China July exports up 24% / JPY interventions, FIMA facility, QE like ; risk up, PM's up.. Bessent's message to 'journalists' / UK debt to 3trn / GOLD, PMs rally, after strong base built over last 2months JPY interventions, ceasefire, PM's rally, USD softer, rate hike exp down, Risk up : The Perfect storm ahead of Med-terms Hormuz deal 'close' / China July exports up 24% / JPY interventions, FIMA facility, QE like ; risk up, PM's up.. Bessent's message to 'journalists' / UK debt to 3trn / GOLD, PMs rally, after strong base built over last 2months JPY interventions, ceasefire, PM's rally, USD softer, rate hike exp down, Risk up : The Perfect storm ahead of Med-terms Hormuz deal 'close' / China July exports up 24% / JPY interventions, FIMA facility, QE like ; risk up, PM's up.. Bessent's message to 'journalists' / UK debt to 3trn / GOLD, PMs rally, after strong base built over last 2months JPY interventions, ceasefire, PM's rally, USD softer, rate hike exp down, Risk up : The Perfect storm ahead of Med-terms Media Apperances Please reach out to discuss your requirements Contact us / Visit our office

PVM provides financial expert legal witness investigations and court services, drawing on deep balance-sheet and relative value expertise. EXPERT FINANCIAL WITNESSES PVM has taken on mandates as an expert financial witness in legal cases in Switzerland to provide expert financial advice regarding the valuation of assets Our Expertise Our premier expert witnesses, Richard Mark Dodds, Stephan Collet and Elke Balters, can offer unparalleled technical testimony rooted in their extensive careers at major investment, compliance and consulting firms, where they held senior positions. Contact us

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. July) +21% +5.1% Performance over 10 years +103% 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. July) + 26% +8.5% Performance over 10 years +170% 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."