Daily Market Update

“Gold Is Looking Interesting” – May Take Out 5 Years of Highs in 50 Trading Days

News and Commentary

Gold gains on weaker dollar, chance of slower US rate hikes (CNBC.com)

Gold is regaining poise in Asia, rising call demand suggests more gains ahead (FXStreet.com)

Dow erases 500-point drop and closes higher in another wild session (CNBC.com)

Apple helps Wall St. pull back after S&P hits eight-month low (Reuters.com)

Fed seen slowing, or even stopping, rate hikes next year (Reuters.com)

Source: KingWorldNews

Gold is looking interesting (Macromon)

Gold will take out 5 years of highs in 50 trading days – Oliver (KingWorldNews.com)

What’s next for global markets? Keep a close eye on the oil price (MoneyWeek.com)

Here’s what mortgage ‘rate lock’ looks like, in one chart (MarketWatch.com)

Switzerland – World’s Biggest Hedge Fund Is Getting Whacked & Why “Moneyness” Matters (DollarCollapse.com)

Bear Markets Everywhere: Over Half The World Is Now Down 20% Or More (ZeroHedge.com)

Australia Warned To Prepare For “Severe Housing Collapse” And “Banking Crisis” (ZeroHedge.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold Prices (LBMA PM)

10 Dec: USD 1,246.80, GBP 980.61 & EUR 1,092.57 per ounce
07 Dec: USD 1,241.20, GBP 972.98 & EUR 1,091.51 per ounce
06 Dec: USD 1,236.45, GBP 971.48 & EUR 1,091.66 per ounce
05 Dec: USD 1,236.15, GBP 970.13 & EUR 1,090.16 per ounce
04 Dec: USD 1,239.25, GBP 966.74 & EUR 1,086.45 per ounce
03 Dec: USD 1,231.05, GBP 966.00 & EUR 1,084.92 per ounce

Silver Prices (LBMA)

10 Dec: USD 14.53, GBP 11.48 & EUR 12.73 per ounce
07 Dec: USD 14.49, GBP 11.34 & EUR 12.73 per ounce
06 Dec: USD 14.38, GBP 11.28 & EUR 12.68 per ounce
05 Dec: USD 14.48, GBP 11.34 & EUR 12.75 per ounce
04 Dec: USD 14.55, GBP 11.35 & EUR 12.77 per ounce
03 Dec: USD 14.39, GBP 11.31 & EUR 12.69 per ounce

Recent Market Updates

– Gold and Silver Gained 2% and 3% Last Week While Stocks Dropped Nearly 5%
– Irish Central Bank Refuses To Discuss Gold Reserves In Bank of England Vaults
– “Fake Markets” To Lead to Global Financial Crisis? – Goldnomics Podcast
– Gold Is “Coiled” and Looks Set To Surge Like Natural Gas — Bloomberg Intelligence
– “Collapse Of Civilisation Is On The Horizon” – Attenborough Warns World Leaders
– Deutsche Bank May Cause The Next Global Crisis
– Ireland’s Mr Gold Reveals Nuggets Of Wisdom For When The Next Crash Comes
– BREXIT May Lead to UK Property Crash and Depression
– General Motors And General Electric Highlight The Ponzi Scheme That Is The US Economy
– A Worldwide Debt Default Is A Real Possibility

Watch on Youtube here

Mark O'Byrne
Executive Director


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