Daily Market Update

Video: Equity Options to Trigger the Next Financial Crash

Turbulence in financial markets continues with tech equity markets particularly effected.

GoldCore CEO Stephen Flood looks at the effect that the buying of equity derivatives by large “Whales” like Softbank, is having on equity markets.

With stocks like Tesla recording PE ratios over 1,200 are we looking at the pin that will burst the tech equity bubble.

Loose monetary policy is set to remain for the foreseeable future and this coupled with these option based “Gamma Trades” has fueled the rally in tech equities since the March 2020 lows.

As investors continue to look for a home for their money, more and more are returning to gold and the historic safe haven that it provides during times of heightened financial uncertainty.

NEWS and COMMENTARY

Gold under pressure from robust dollar; ECB meeting awaited

Nasdaq falls more than 3% as tech plunges once again, Dow drops 500 points

COMEX’s Gold and Silver Futures Market Trade Data Not Adding Up

We’re Headed toward Stagnation—Unless the Fed Reins In Its Money Printing

Rotbart Sees Upside for Gold, Increased Demand for Silver (Bloomberg TV)

GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

08-Sep-20 1920.60 1910.95 1467.72 1466.27 1626.17 1622.40
07-Sep-20 1928.40 1928.45 1463.08 1465.43 1629.88 1631.47
04-Sep-20 1937.60 1926.30 1456.49 1459.56 1634.75 1633.12
03-Sep-20 1934.10 1940.45 1453.86 1459.99 1635.28 1637.74
02-Sep-20 1969.00 1947.05 1475.17 1462.43 1659.47 1645.45
01-Sep-20 1987.95 1972.35 1479.83 1469.60 1661.33 1651.45
28-Aug-20 1955.85 1957.35 1471.97 1472.91 1642.72 1647.31
27-Aug-20 1938.80 1923.85 1467.87 1458.86 1638.87 1632.39
26-Aug-20 1918.50 1932.95 1458.83 1465.95 1624.39 1636.05
25-Aug-20 1925.45 1911.15 1468.35 1455.15 1626.43 1616.26
24-Aug-20 1947.55 1943.95 1484.03 1485.57 1646.26 1643.61


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Mark O'Byrne
Executive Director

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