24
Jul
2017

Total Global Debt Hits $217 TRILLION

Gold and Silver Bullion – News and Commentary

Gold hits 4-week high on weaker equities, U.S. dollar (Reuters.com)

IMF cuts U.S. growth forecast for 2017, 2018 (MarketWatch.com)

Stocks to Edge Lower Before Earnings Flurry, Fed (Bloomberg.com)

Stocks brace for volatility in earnings deluge; Fed meeting looms (MarketWtch.com)

Charges dropped after ‘London Whale’ accused Jamie Dimon of making him a fall guy (MarketWatch.com)

Source: US Funds

“Mother of All Bubbles” Keeps Gold in Focus (AdvisorPerspectives.com)

Can You Guess the World’s Largest Gold Jewelry Market? (Fool.com)

The Student Loan Bubble and Economic Collapse (AntoniusAquinas.com)

Former ‘Plunge Protection Team’ Member Warns “Blockchain Is Freaking Governments Out” (ZeroHedge.com)

Deeply flawed Western economic models undermining worst global recovery in history (CNBC.com)

Gold Prices (LBMA AM)

24 Jul: USD 1,255.85, GBP 962.99 & EUR 1,077.64 per ounce
21 Jul: USD 1,247.25, GBP 958.89 & EUR 1,071.39 per ounce
20 Jul: USD 1,236.55, GBP 953.63 & EUR 1,075.06 per ounce
19 Jul: USD 1,239.85, GBP 950.84 & EUR 1,074.83 per ounce
18 Jul: USD 1,237.10, GBP 949.47 & EUR 1,071.82 per ounce
17 Jul: USD 1,229.85, GBP 940.71 & EUR 1,074.03 per ounce
14 Jul: USD 1,218.95, GBP 940.54 & EUR 1,067.92 per ounce

Silver Prices (LBMA)

24 Jul: USD 16.50, GBP 12.66 & EUR 14.17 per ounce
21 Jul: USD 16.43, GBP 12.63 & EUR 14.11 per ounce
20 Jul: USD 16.18, GBP 12.50 & EUR 14.07 per ounce
19 Jul: USD 16.23, GBP 12.44 & EUR 14.08 per ounce
18 Jul: USD 16.17, GBP 12.41 & EUR 13.99 per ounce
17 Jul: USD 16.07, GBP 12.30 & EUR 14.02 per ounce
14 Jul: USD 15.71, GBP 12.11 & EUR 13.76 per ounce


Recent Market Updates

– Gold Hedges Against Currency Devaluation and Cost Of Fuel, Food, Beer and Housing
– Millennials Can Punt On Bitcoin, Own Gold and Silver For Long Term
– “Time To Position In Gold Is Right Now” says Jim Rickards
– Bloomberg Silver Price Survey – Median 12 Month Forecast Of $20
– “Bigger Systemic Risk” Now Than 2008 – Bank of England
– “Financial Crisis” Coming By End Of 2018 – Prepare Urgently
– Video – “Gold Should Probably Be $5000” – CME Chairman
– India Gold Imports Surge To 5 Year High – 220 Tons In May Alone
– “Silver’s Plunge Is Nearing Completion”
– China, Russia Alliance Deepens Against American Overstretch
– Silver Prices Bounce Higher After Futures Manipulated 7% Lower In Minute
– Precious Metals Are “Best Defence” Against Bail-ins In Economic Crisis
– Buy Gold Near $1,200 “As Insurance” – UBS Wealth

Mark O'Byrne
Executive Director