Tag Archives: Daily Market Update

– Next Wall Street Crash looms? Lessons on anniversary of crash – 30 years since stock market  ‘Black Monday’ crash of 1987 – Dow Jones Industrial Average fell 22.6% on October 19, 1987 – S&P 500, FTSE and DAX fell 20%, 11% & 9% respectively – Gold rose 24.5% in 1987 (see chart), acting as safe haven  – Prior to crash, stocks hit successive record highs despite imbalances – Imbalances that lead to 1987 crash are...

Every year, Ronald-Peter Stoeferle and Mark J Valek of investment and asset management company Incrementum put together the report In Gold We Trust – 160-plus pages of charts and thoughts, mostly gold-related, on the state of the world’s finances. There’s so much to look at and consider. It’s a sort of digital equivalent of a coffee-table book. Yesterday I got an email from them, containing a “best of” – a compendium of...

What Steel’s study shows is that, as with any monetary force, it is how it is managed rather than what it is that carries responsibility for conflicts and the resulting financial situation. Steel’s work also demonstrates the strength and protection access to gold will give a country or army during times of conflict. Allies are able to have faith in countries that have managed their gold supply and economy responsibly,...

Silver bullion prices are expected to jump as solar and smartphone demand rises and the Fed tries to stave off economic weakness by Myra Saefong via Barrons Gold prices have far outpaced gains in silver so far this year, but silver will emerge as the winner for the second year in a row. With a per-ounce price of $17.41 for silver futures as of Friday, analysts say the white metal is poised for a big climb, particularly...

– Brexit UK vulnerable as gold bar exports distort UK trade figures – Britain’s gold exports worth more than any other physical export – Gold accounted for more than one in ten pounds of UK exports in July 2017– UK’s stock of wealth has collapsed from a surplus of £469bn to a net deficit of £22bn – ONS error– Brexiteers argue majority of trade is outside EU, this is due to large London gold exports– Single gold bar...

– Brexit UK vulnerable as gold bar exports distort UK trade figures – Britain’s gold exports worth more than any other physical export – Gold accounted for more than one in ten pounds of UK exports in July 2017– UK’s stock of wealth has collapsed from a surplus of £469bn to a net deficit of £22bn – ONS error– Brexiteers argue majority of trade is outside EU, this is due to large London gold exports– Single gold bar...

Global Outlook – Mad, Mad, Mad, MAD World: News in Charts by Fathom Consulting via Thomson Reuters Alarm bells are ringing for economic fundamentalists such as Fathom Consulting. Asset prices look increasingly out of step with fundamentals, and in some cases they look downright bubbly. And other geopolitical developments are similarly alarming. One might even describe them as… Central Bank Assets, 2007 - 2017 -...

 – Young Guns of Gold Podcast – ‘The Everything Bubble’– Precious Metal Roundtable discuss gold in 2017 and outlook– Gold +9.1% year to date; Performing well given Fed raising rates, lack of volatility and surge in stock markets – “People are expecting too much from gold”– Economy: Inflation indicators, recession on the horizon, global debt issues– Global demand: ETF inflows, Russia central bank purchases, Germany...

 – Young Guns of Gold Podcast – ‘The Everything Bubble’– Precious Metal Roundtable discuss gold in 2017 and outlook– Gold +9.1% year to date; Performing well given Fed raising rates, lack of volatility and surge in stock markets – “People are expecting too much from gold”– Economy: Inflation indicators, recession on the horizon, global debt issues– Global demand: ETF inflows, Russia central bank purchases, Germany...

– London house prices fall in September: first time in eight years– High-end London property fell by 3.2% in year– House sales down by over a very large one-third – Global Real Estate Bubble Index – see table– Brexit, rising inflation and political uncertainty causing many buyers to back away from market– U.K. housing stock worth record £6.8 trillion, almost 1.5 times value of LSE and more than the value of all the gold...