Daily Market Update

Central Banks In Hungary, Poland and Russia Are Buying Gold

News and Commentary

Gold edges higher as Asian shares slip (Reuters.com)

EU Says Italy’s Planned Budget Deviation is ‘Unprecedented’ (Bloomberg.com)

Dow drops more than 350 points in another bad day for struggling stock market (CNBC.com)

U.S. economy still on a strong growth path, leading indicator find, though dangers lurk (MarketWatch.com)

Pound recovers after PM says open to longer Brexit transition (Reuters.com)

China Stock Market Rocked by Forced Sellers; Yuan Hits Fresh Low (Bloomberg.com)

Source: Bloomberg

Central Banks In Hungary, Poland and Russia Are Buying Gold (QZ.com)

What’s next for US stock markets? (MoneyWeek.com)

Fractional reserve bullion banking and gold bank runs (GoldChat)

Trump Vs. The Fed: When Markets Crash, Who Is To Blame? (ZeroHedge.com)

Gold Breaks Out As Nasdaq Breaks Down – Raymond James (KingWorldNews.com)

The Student Loan Debt Crisis Is About to Get Worse (Bloomberg.com)

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Gold Prices (LBMA AM)

18 Oct: USD 1,224.60, GBP 933.76 & EUR 1,062.83 per ounce
17 Oct: USD 1,226.75, GBP 933.68 & EUR 1,061.38 per ounce
16 Oct: USD 1,228.85, GBP 931.35 & EUR 1,061.73 per ounce
15 Oct: USD 1,233.00, GBP 937.70 & EUR 1,064.45 per ounce
12 Oct: USD 1,218.75, GBP 922.11 & EUR 1,052.15 per ounce
11 Oct: USD 1,201.10, GBP 910.31 & EUR 1,040.27 per ounce

Silver Prices (LBMA)

18 Oct: USD 14.52, GBP 11.06 & EUR 12.60 per ounce
17 Oct: USD 14.65, GBP 11.16 & EUR 12.69 per ounce
16 Oct: USD 14.76, GBP 11.16 & EUR 12.74 per ounce
15 Oct: USD 14.74, GBP 11.19 & EUR 12.71 per ounce
12 Oct: USD 14.60, GBP 11.04 & EUR 12.60 per ounce
11 Oct: USD 14.40, GBP 10.90 & EUR 12.45 per ounce

Recent Market Updates

– How Do You Sell Your Digital Gold When the Internet Goes Down?
– IMF Issues Dire Warning – ‘Great Depression’ Ahead?
– Poland Raises Gold Holdings to Record High in September – IMF
– Why It’s Worth Holding Gold Bullion in Your Portfolio
– Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets
– Gold Up 2.5 Percent As Global Stock Rout Spreads To Europe
– “Gold Is On The Cusp” Of An “Explosion Higher” As Stock and Tech “Crash Is Coming”
– Gold Bottoms As Gold Industry Consolidates and Weak Hands Capitulate
– 60 Charts For The (Last Few Remaining) Gold Bulls
– Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets

Mark O'Byrne
Executive Director


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