Gold Marginally Higher On ‘Bargain Hunting’ As World’s Largest Gold ETF Sees Holdings Rise 1.8% to 924.94 Tonnes In One Day

◆ Gold prices have inched 0.3% higher today as a sharp drop of nearly 2% yesterday has attracted bargain hunters

◆ Gold tested support at $1,500/oz after another peculiar sell off in the futures market saw prices fall $30 in two hours on the COMEX yesterday with most of the selling coming after European and London markets had closed

◆ The sell off came despite robust demand for gold globally as seen in the world’s largest gold ETF seeing its holdings rose 1.81% to 924.94 tonnes yesterday alone

◆ The smart prudent money continues to diversify into safe haven gold in the form of fully segregated gold coin and bar ownership outside of the banking system 

 

 

NEWS and COMMENTARY

Gold gains ground on bargain hunting, stronger dollar caps gains

Gold falls 1.8% on firmer dollar, U.S. stock gains

Asian stocks give up gains as U.S.-China optimism fades

Trump says trade deal with China could happen sooner than people think

Asian stocks gain as Trump says China trade deal could be ‘soon’

Trump says impeachment inquiry could derail trade deal, Mexico markets slump

Wall Street believes Trump is safe but worries impeachment inquiry could hinder trade deals

Eco ‘gold mine of the future’ has arrived in Canada

GOLD vs. PAPER MONEY: Production Cost Is A Good Indicator Of Real Value

 

Gold backing off, chart does not look overly bearish – Ira Epstein Update

 


Gold Prices (LBMA – USD, GBP & EUR – AM/ PM Fix)

24-Sep-19 1520.25 1520.65, 1220.76 1216.67 & 1382.36 1381.36
23-Sep-19 1519.50 1522.10, 1222.13 1225.90 & 1385.48 1385.11
20-Sep-19 1504.10 1501.90, 1199.07 1203.62 & 1361.06 1362.52
19-Sep-19 1498.40 1500.70, 1200.67 1201.76 & 1354.85 1357.08
18-Sep-19 1502.20 1503.50, 1206.27 1204.90 & 1360.39 1359.92
17-Sep-19 1499.30 1502.10, 1208.89 1207.24 & 1361.51 1360.45
16-Sep-19 1502.05 1497.20, 1207.35 1203.30 & 1357.25 1359.46
13-Sep-19 1506.30 1503.10, 1209.41 1208.19 & 1356.88 1358.35
12-Sep-19 1502.95 1515.20, 1219.94 1227.46 & 1362.88 1373.53
11-Sep-19 1493.65 1490.65, 1208.21 1209.07 & 1354.74 1355.90

Hard currencies are outperforming the dollar, euro, pound & all digital fiat currencies.
Source: Bloomberg via James Henry Anderson @jameshenryand



Jim Rogers: Buy Gold Coins and Silver Coins as Global Crisis Is Coming – Watch here

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Mark O'Byrne

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