Daily Market Update

Brexit To Burst Dublin and London Property Bubbles? GoldCore Video

– London, Dublin, Sydney, Vancouver and Hong Kong housing prices fall …
– Property bubbles in many cities internationally according to ‘Economist’, UBS & others
– UBS found that six of the world’s largest cities are now subject to massive speculative housing bubbles – Hong Kong, Munich, Toronto, Vancouver, Amsterdam
 & London
– Brexit and bursting property bubbles including London impacting sentiment overvalued Dublin housing market
– Housing prices in Dublin fall 2.5% as Brexit, global risks increase
– Australian house prices fall 2.7% as Sydney & Melbourne see sharp price falls as Australian bubble bursts


Related Video

– Brexit in conjunction with severe price unaffordability, rising interest rates and global economic uncertainty is leading to sharp price falls in London home prices
– London home prices have fallen five months in a row with property prices more than 7% lower in 12 months in some areas
– The Economist has done research which suggests that London house prices are 50% overvalued and Dublin house prices are 25% overvalued




Avoid Digital & ETF Gold – Key Gold Storage Must Haves






News and Commentary

Gold Down, but Stays Above $1,200 as Italy Worries Fizzle (Investing.com)

Gold hovers in narrow range as dollar rises on upbeat U.S. data (Reuters.com)

Asian markets sink, led by losses in Hong Kong, South Korea (MarketWatch.com)

Federal Reserve prepares for next crisis, bets it will begin like the last (Reuters.com)

Japan Waves Goodbye to U.K. as ‘Gateway to Europe’ Post-Brexit (Bloomberg.com)

Italy’s Borghi Nods to ‘Own Currency’ (Bloomberg.com)

It Took Only 10 Minutes to Send Gold and Silver Prices Soaring (Bloomberg.com)

Source: Bloomberg.com

Silver and Platinum Are Both Very Cheap (MoneyWeek.com)

The Tyranny of the U.S. Dollar (Bloomberg.com)

One of the Greatest Follies from the Last Crisis Is Back (SovereignMan.com)

The Music Fades Out (HussmanFunds.com)

Another Failed Effort At Regulation – Craig Hemke (SilverDoctors.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold Prices (LBMA AM)

03 Oct: USD 1,203.50, GBP 925.73 & EUR 1,040.55 per ounce
02 Oct: USD 1,192.65, GBP 919.77 & EUR 1,035.46 per ounce
01 Oct: USD 1,185.30, GBP 907.94 & EUR 1,021.02 per ounce
28 Sep: USD 1,183.50, GBP 906.44 & EUR 1,020.41 per ounce
27 Sep: USD 1,196.00, GBP 911.59 & EUR 1,020.91 per ounce
26 Sep: USD 1,198.80, GBP 910.49 & EUR 1,018.86 per ounce

Silver Prices (LBMA)

03 Oct: USD 14.74, GBP 11.36 & EUR 12.75 per ounce
02 Oct: USD 14.51, GBP 11.20 & EUR 12.59 per ounce
01 Oct: USD 14.55, GBP 11.16 & EUR 12.53 per ounce
28 Sep: USD 14.31, GBP 10.97 & EUR 12.35 per ounce
27 Sep: USD 14.42, GBP 10.98 & EUR 12.31 per ounce
26 Sep: USD 14.48, GBP 11.01 & EUR 12.32 per ounce

Recent Market Updates

– 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
– Gold Set to Soar Above $1,300 – Goldman and Bank of America
– Goldnomics Podcast: Silver Guru – David Morgan – Silver and Gold Will Protect in the Coming Currency Collapse
– This Week’s Golden Nuggets – Dalio’s Dollar Crisis, Fitt’s U.S. Government “Missing” $21 Trillion and Silver Guru’s End of Empire
– Dalio Warns Of Dollar Crisis – “History Is Doomed To Repeat Itself”
– Silver Guru Video: “The End of Empire and End of Fiat Currencies”
– Silver Is ‘Undervalued’ Relative to Stocks, Bonds, Gold – GoldCore

Mark O'Byrne
Executive Director


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