Daily Market Update

Bitcoin Price To $0 Or $1 Million In One Year? MoneyConf 2018 Poll

– Bitcoin price in one year (June 2019)? 
– Bitcoin at $10,000 is the call of majority of MoneyConf poll participants
– Bears see bitcoin at $0 while uber bulls see $100k/$1m (incl. Max Keiser)
– Is binary and “bitcoin will likely go to zero or go much higher”
– “Which cryptocurrency are you betting on in 2019?” – MoneyConf poll asks
– Bitcoin, ethereum favoured in poll over ripple and litecoin
– What’s the biggest concern with Initial Coin Offerings or ICOs?
– Lack of regulation (incl. investor rights), volatility and bubble will burst
– Most cryptos will go to zero and more than 99% of ICOs will go to zero as “no intrinsic value whatsoever”
Video recorded at MoneyConf 2018. What do you think?

 

News and Commentary

 

Gold scores highest finish in a month after ECB, Fed policy decisions (Marketwatch)

Gold steady below 1-month high, heads for 2nd weekly gain (Reuters)

Gold Prices Steady as US Reportedly Readies Hefty Tariff on Chinese Imports (Investing.com)

J.P. Morgan Remains Bullish On Gold But Downgrades Price Forecasts (24H Gold)

Greenspan says economy is already slowing (Marketwatch)

London house prices continue to fall as capital sees UK’s sharpest drop (City AM)

“Gold Has a Habit of Falling Prior to Fed Interest Rate Announcements and Rising Soon After” – GoldCore (Marketwatch)

Central banks are stepping out of the spotlight – and it’s about time (Moneyweek)

Will a cashless society lead to chaos? (Independent)

Sweden Puts the Brakes on its Cashless Society Plans (R.C. Young)

When the truth is found to be lies … Confidence in currencies dies. (Goldseek)

‘Real’ America: 21.5% Unemployment, 10% Inflation, And Negative Economic Growth (The Economic Collapse Blog)

Bond King Jeff Gundlach Sounds Alarm on America’s ‘Exploding’ Debt (CNN)

 

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold Prices (LBMA AM)

14 Jun: USD 1,305.30, GBP 971.27 & EUR 1,103.89 per ounce
13 Jun: USD 1,294.40, GBP 971.58 & EUR 1,101.92 per ounce
12 Jun: USD 1,298.30, GBP 968.27 & EUR 1,100.44 per ounce
11 Jun: USD 1,296.05, GBP 969.32 & EUR 1,099.57 per ounce
08 Jun: USD 1,299.20, GBP 968.68 & EUR 1,103.93 per ounce
07 Jun: USD 1,298.30, GBP 963.86 & EUR 1,097.97 per ounce
06 Jun: USD 1,295.25, GBP 964.57 & EUR 1,101.48 per ounce

Silver Prices (LBMA)

14 Jun: USD 17.12, GBP 12.75 & EUR 14.48 per ounce
13 Jun: USD 16.91, GBP 12.68 & EUR 14.37 per ounce
12 Jun: USD 16.85, GBP 12.58 & EUR 14.30 per ounce
11 Jun: USD 16.76, GBP 12.55 & EUR 14.23 per ounce
08 Jun: USD 16.72, GBP 12.49 & EUR 14.25 per ounce
07 Jun: USD 16.74, GBP 12.44 & EUR 14.15 per ounce
06 Jun: USD 16.55, GBP 12.33 & EUR 14.06 per ounce


Recent Market Updates

– Cashless Society – Good or Bad? MoneyConf 2018 Video
– Do We Still Need Banks In The Age Of Fintech?
– Total US Government Debt Is $200 Trillion – Debt Clock Ticking To Next Crisis
– All Gold is Not Equal – Goldnomics Podcast (Episode 4)
– “Without Gold I Would Have Starved To Death” – ECB Governor
– Swiss Government Pension Fund To Buy Gold Bars Worth Some €600 Million
– Turkey Uses Gold Bullion To Stabilise Its Currency And Economy
– Case for Gold in a Diversified Investment Portfolio
– Get “Positioned In Gold” Now As “You Will Not Have Time To Get Positioned” Later
– Consequences of Ignoring Economic Reality Are Dangerous
– Are Gold And Silver Bullion Obsolete In The Crypto Age?
– In Gold we Trust: 3 Important Factors Leading to the “Turning of the Monetary Tides”
– Silver Trading in Tight $1 Range As Pressure Builds For A Breakout
– Gold Back Above $1300 – Trump Cancels Historic Summit – Silver “Ready To Breakout”
– Gold Price Surges To Record In Turkey and Other Emerging Markets as Currencies Collapse

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