02
Oct
2017

Gold Demand Surges As Price Suffers Worst Month Since November

Gold and Silver Bullion – News and Commentary

Gold drops to lowest in nearly 7 weeks; stronger dollar, equities weigh (Reuters.com)

Deutsche Bank in $190M currency-rigging settlement (Reuters.com)

U.S. Stocks Hit Records, Fed Talk Weighs on Bonds (Bloomberg.com)

Kevin Warsh is far from a lock to replace Janet Yellen as Fed chair (CNBC.com)

London house prices have fallen for the first time in eight years (CityAM.com)


Demand for gold in September surged with ETF holdings rising most since Feb 2017. Source: ZeroHedge

Gold Demand Surges As Price Suffers Worst Month Since November (ZeroHedge.com)

Trump’s “1500-Word Airball” Tax Plan (DailyReckoning.com)

Stock Market Is Seriously Overvalued Based On This Benchmark (GoldSeek.com)

Macquarie Lashes Out At Dimon: “Modern Finance”, Not Bitcoin, Is The Real Fraud (ZeroHedge.com)

Specter of Hyperinflation in Zimbabwe Triggers Panic Buying (ENCA.com)

Get your insurance while you can, not when you have to… (TheMacroTourist.com)

Gold Prices (LBMA AM)

02 Oct: USD 1,273.10, GBP 956.48 & EUR 1,084.55 per ounce
29 Sep: USD 1,286.95, GBP 963.15 & EUR 1,090.82 per ounce
28 Sep: USD 1,284.30, GBP 961.04 & EUR 1,091.40 per ounce
27 Sep: USD 1,291.30, GBP 963.83 & EUR 1,099.54 per ounce
26 Sep: USD 1,306.90, GBP 969.59 & EUR 1,105.38 per ounce
25 Sep: USD 1,295.50, GBP 957.89 & EUR 1,089.26 per ounce
22 Sep: USD 1,297.00, GBP 956.15 & EUR 1,082.09 per ounce

Silver Prices (LBMA)

02 Oct: USD 16.58, GBP 12.46 & EUR 14.12 per ounce
29 Sep: USD 16.86, GBP 12.60 & EUR 14.27 per ounce
28 Sep: USD 16.82, GBP 12.53 & EUR 14.28 per ounce
27 Sep: USD 16.89, GBP 12.58 & EUR 14.38 per ounce
26 Sep: USD 17.01, GBP 12.67 & EUR 14.43 per ounce
25 Sep: USD 16.95, GBP 12.57 & EUR 14.27 per ounce
22 Sep: USD 16.97, GBP 12.52 & EUR 14.18 per ounce


Recent Market Updates

– China Catalyst To Send Gold Over $10,000 Per Ounce?
– Gold Matches S&P 500 Performance In First 3 Quarters; Up 12% 2017 YTD
– Gold Standard Resulted In “Fewer Catastrophes” – FT
– Financial Advice From Man Who Made $1+ Billion in 1929 – Importance Of Being Patient and “Sitting”
– “Gold prices to reach $1,400 before the end of the year” – GoldCore
– Commodities King Gartman Says Gold Soon Reach $1,400 As Drums of War Grow Louder
– Bitcoin “Is A Bubble” but Gold Is Money Says World’s Biggest Hedge Fund Manager
– Pensions and Debt Time Bomb In UK: £1 Trillion Crisis Looms
– Gold Investment “Compelling” As Fed May “Kill The Business Cycle”
– “This Is Where The Next Financial Crisis Will Come From” – Deutsche Bank
– Global Debt Bubble Understated By $13 Trillion Warn BIS
– Bitcoin Price Falls 40% In 3 Days Underlining Gold’s Safe Haven Credentials
– Gold Up, Markets Fatigued As War Talk Boils Over

Mark O'Byrne
Executive Director