Daily Market Update

In Bullish Shift, Investors Start Buying Gold ETFs

News and Commentary

Gold prices hold steady near 1-month low (Reuters.com)

Gold prices likely to rise by year-end: analysts (VietnamNews.vn)

In Bullish Shift, Investors Start Buying Gold ETFs (Barrons.com)

Silver Speculators Reduced Their Bearish Bets To Best Position In 13 Weeks (Investing.com)

Source: Marketwatch

Is this an ominous sign that another recession is looming? (MarketWatch.com)

What plunging oil prices may be telling us about the stock market and global economy (MarketWatch.com)

Global GDP Still Propped Up By A Massive Amount Of Debt (GoldSeek.com)

Nightmare Scenario For Beijing: 50 Million Chinese Apartments Are Empty (ZeroHedge.com)

Big investors sue 16 banks in U.S. over currency market rigging (Reuters.com)

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Gold Prices (LBMA AM)

09 Nov: USD 1,219.05, GBP 936.96 & EUR 1,075.81 per ounce
08 Nov: USD 1,223.45, GBP 932.02 & EUR 1,071.01 per ounce
07 Nov: USD 1,235.05, GBP 938.64 & EUR 1,074.62 per ounce
06 Nov: USD 1,234.85, GBP 947.75 & EUR 1,083.58 per ounce
05 Nov: USD 1,231.60, GBP 946.61 & EUR 1,081.96 per ounce
02 Nov: USD 1,235.50, GBP 948.00 & EUR 1,079.83 per ounce

Silver Prices (LBMA)

09 Nov: USD 14.34, GBP 11.01 & EUR 12.63 per ounce
08 Nov: USD 14.49, GBP 11.06 & EUR 12.70 per ounce
07 Nov: USD 14.67, GBP 11.15 & EUR 12.77 per ounce
06 Nov: USD 14.70, GBP 11.25 & EUR 12.89 per ounce
05 Nov: USD 14.74, GBP 11.33 & EUR 12.96 per ounce
02 Nov: USD 14.82, GBP 11.38 & EUR 12.95 per ounce

Recent Market Updates

– As Brexit Looms and Stocks Plunge In October – Now May Be The Time to Invest in Gold
– Gold ETFs See Strong Demand In Volatile October After Robust Global Gold Demand In Q3
– Venezuela Seeks To Repatriate $550 Million Of Gold From London
– Big Short’s Eisman Is Shorting Two U.K. Banks on Brexit
– “Red October” Highlights Importance of Rebalancing Portfolios and Gold’s “Very Positive” Outlook
– Alarm Bells Ring and Gold Rises In October As Stocks and Property Fall Globally
– Gold Analysts At LBMA See 25% Return To $1,532/oz In 12 months
– Gold Improves Investment, Pension and Central Bank Portfolio’s Risk-Adjusted Returns
– Gold Gains Nearly 1% On Week As Global Stock Markets Fall Sharply

Mark O'Byrne
Executive Director


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