Daily Market Update

Gold Has Biggest Gain In 2 Years On Stock Falls

News and Commentary

Gold at 2-month high as investors take refuge from a stock market slump (MarketWatch.com)

Gold Comes Alive in Biggest Jump Since `16 After Equities Roiled (Bloomberg.com)

Gold on Best Run in 6 Weeks as Dollar Strength Peaks (Bloomberg.com)

Gold near highest in over 2 mths as equity plunge boosts safe-haven appeal (Reuters.com)

Bitcoin slumps more than 5%, puts ‘digital gold’ status in jeopardy (MarketWatch.com)


Source: Bloomberg

Trump says Fed caused the stock market correction, but he won’t fire Chair Powell (CNBC.com)

ECB cannot come to Italy’s rescue without EU bailout: sources (Reuters.com)

‘Expensive energy is back’ — and it’s threatening the global economy, IEA warns (CNBC.com)

Global Internet Could Crash In Next 48 Hours – “Outage Across The World” (ZeroHedge.com)

How to safely ignore everything that happened yesterday (SovereignMan.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below


Gold Prices (LBMA AM)

11 Oct: USD 1,201.10, GBP 910.31 & EUR 1,040.27 per ounce
10 Oct: USD 1,186.40, GBP 902.02 & EUR 1,033.00 per ounce
09 Oct: USD 1,187.40, GBP 910.26 & EUR 1,036.01 per ounce
08 Oct: USD 1,194.80, GBP 914.86 & EUR 1,040.67 per ounce
05 Oct: USD 1,201.10, GBP 921.48 & EUR 1,045.08 per ounce
04 Oct: USD 1,199.45, GBP 925.02 & EUR 1,043.28 per ounce

Silver Prices (LBMA)

11 Oct: USD 14.40, GBP 10.90 & EUR 12.45 per ounce
10 Oct: USD 14.38, GBP 10.92 & EUR 12.50 per ounce
09 Oct: USD 14.33, GBP 10.98 & EUR 12.51 per ounce
08 Oct: USD 14.47, GBP 11.10 & EUR 12.61 per ounce
05 Oct: USD 14.64, GBP 11.23 & EUR 12.73 per ounce
04 Oct: USD 14.63, GBP 11.27 & EUR 12.72 per ounce


Recent Market Updates

– 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
– Brexit To Burst Dublin and London Property Bubbles? GoldCore Video
– Perth Mint’s Gold and Silver Bullion Coin Sales Soar In September
– “I’m Favouring Equities and Gold Over Bonds” – Stepek
– Poland Buys Gold For First Time In 20 years
– This Week’s Golden Nuggets – Central Banks, Goldman, Bank of America Positive On Undervalued Gold
– Central Banks Positivity Towards Gold Will Provide Long Term “Support To Gold Prices”
– Europe Unveils “Special Purpose Vehicle” With Russia and China To Bypass SWIFT, Jeopardizing Dollar’s Reserve Status

Mark O'Byrne
Executive Director

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