The Sunday CharterN° 29Semaine close le 25 octobre 2026
Commodities retain the edge, gold falls back
The five markets hold their regime this week. Behind this stability, the paths remain contrasted: commodities extend their advance, while gold widens its lag relative to its long-term trend. Equities preserve their constructive orientation, but with a slightly narrower margin. Volatility eases over the week, without the tensions having disappeared.
Equities
Constructive
Treasuries
Under pressure
Gold
Under pressure
Commodities
Constructive
Bitcoin
Transition
What it is
Three things that make it worth ten minutes.
Five markets, read the same way every week
Equities, bonds, gold, commodities and one more. Each gets a state, a direction, and one paragraph on what changed. The format does not move, so you can compare this week with the last one without re-learning the page.
It says what would change its mind
Every market block carries the condition that would flip it. That is the part a forecast never gives you, and it is the part that lets you check the reading against what happens.
Free, dated, and permanent
Every edition keeps its own address for good. Once published, the text is not quietly rewritten: a correction moves a visible revision marker instead.
Archive
Every edition published, 15 in total.
An edition keeps its address for good. Nothing is removed, and a correction moves a visible revision marker rather than rewriting the text in silence.
N° 29 · current
2026-10-25
Commodities retain the edge, gold falls back
N° 28
2026-10-18
Nervousness returns, the markers hold
N° 27
2026-10-11
Positions hold, the gaps sort themselves out
N° 26
2026-10-04
Nothing tips over, but the gaps shift
N° 25
2026-09-27
Equities advance, gold and bonds drift away
N° 24
2026-09-20
A quiet week where nothing reverses
N° 23
2026-09-13
A week that pulls back without settling anything
N° 22
2026-09-06
Commodities lead, without everything following
N° 21
2026-08-30
Bitcoin joins the constructive markets, gold loses its footing
N° 20
2026-08-23
The improvement broadens, without anything being settled
N° 19
2026-08-16
Equities lose their tilt, commodities hold the upper ground
N° 18
2026-08-09
Stocks move ahead, gold stays under pressure
N° 17
2026-08-02
The rise holds, but is narrowing
N° 16
2026-07-26
Edition 16
N° 15
2026-07-18
Edition 15
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Have it arrive on Sunday morning instead.
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