Daily Market Update

Brexit – The Pin That Bursts London Property Bubble

– Investors need a ‘Plan B’ to protect against Brexit, currency, property and other risks
– Brexit uncertainty is impacting Irish and UK consumers, companies and economy
– London home asking prices slump below £600,000: Lowest since 2015 but still very over valued
– UK house prices make weakest start to year since 2012: Up to 25% wiped off house prices in some of UK’s wealthiest areas
– NYC, Paris, Dublin, Hong Kong, Toronto, Vancouver, Sydney, Melbourne etc housing markets slowing
– Investors, pension owners should re-balance portfolios & diversify into physical gold


News and Commentary

Gold firm as growth concerns, U.S. govt shutdown drag dollar (Reuters.com)

White House chief economist: May see ‘zero’ growth in Q1 because of shutdown (CNBC.com)

U.S. mortgage applications slip from 11-month peak (Reuters.com)

ECB to acknowledge weak growth but keep policy unchanged (Reuters.com)

Russia calls moves to oust Venezuela’s Maduro illegal (Reuters.com)

Fed to Probe Deutsche Bank Over Suspicious Danske Cash (Bloomberg.com)

Source: Bloomberg

Goldman Sach’s Currie is Bullish on Gold for 3 Reasons (Bloomberg Video) (Bloomberg.com)

German Manufacturing Slump Casts Cloud Over Europe’s Economy (Bloomberg.com)

Replace U.S. dollar with Russian gold – Moscow Exchange Chief (RT.com)

Gold mergers signify lack of discoveries, junior acquisitions likely – Hathaway (PalisadeRadio.com)

Bridgewater Co-CIO: It Will Be Worse Than Everyone Expects (Bloomberg.com)

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Own gold and silver bullion coins and bars in allocated and segregated storage -with the ability to take delivery easily – in the safest vaults in the safest jurisdictions in the world.


Gold Prices (LBMA PM)

23 Jan: USD 1,284.90, GBP 990.14 & EUR 1,131.74 per ounce
22 Jan: USD 1,284.75, GBP 994.14 & EUR 1,130.58 per ounce
21 Jan: USD 1,278.70, GBP 995.08 & EUR 1,124.11 per ounce
18 Jan: USD 1,285.05, GBP 993.34 & EUR 1,126.86 per ounce
17 Jan: USD 1,294.00, GBP 1,004.92 & EUR 1,135.87 per ounce
16 Jan: USD 1,290.50, GBP 1,002.46 & EUR 1,130.99 per ounce
15 Jan: USD 1,289.35, GBP 1,002.99 & EUR 1,127.67 per ounce

Silver Prices (LBMA)

23 Jan: USD 15.38, GBP 11.80 & EUR 13.54 per ounce
22 Jan: USD 15.26, GBP 11.84 & EUR 13.44 per ounce
21 Jan: USD 15.26, GBP 11.86 & EUR 13.42 per ounce
18 Jan: USD 15.47, GBP 11.96 & EUR 13.56 per ounce
17 Jan: USD 15.57, GBP 12.08 & EUR 13.66 per ounce
16 Jan: USD 15.54, GBP 12.09 & EUR 13.66 per ounce
15 Jan: USD 15.60, GBP 12.13 & EUR 13.65 per ounce

Recent Market Updates

– Davos: David Attenborough Warns We Are Damaging The World ‘Beyond Repair’
– Gold May Return 25% In 2019 Given Brexit, Trump and Other Risks – IG TV Interview GoldCore
– Brexit, EU, Germany, China and Yellow Vests In 2019 – Something Wicked This Way Comes
– Three Reasons Gold May Embark On An Extended Rally
– Political Turmoil in UK & US Sees Gold Hit 2 Week High
– Gold Holds Steady Over €1,100/oz – Increased Possibility Of A Disorderly Brexit
– Turbulence and Brexit Make Safer Options Like Gold and Cash Essential
– Where Will The “Pending” Financial Crisis Originate?
– Gold and Silver Prices To Rise To $1,650 and $30 By 2020? Video Update
– Gold Outlook 2019: Uncertainty Makes Gold A “Valuable Strategic Asset” – WGC
– Blackrock Say Gold Will Be A “Valuable Portfolio Hedge” In 2019

Listen on iTunes, Blubrry & SoundCloud  & watch on YouTube above


Mark O'Byrne
Executive Director


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