– Review of 2018: ‘Everything bubble’ started bursting
– International stock market indices and many property markets have fallen sharply
– S&P 500 -4.5%, Nikkei -8%, EuroStoxx 50 -12.5%, FTSE -13%, DAX -16.5%
– Of 54 major international stock market indices, only 6 are higher (see table below)
– Global property bubble bursting – London, Sydney and Vancouver fall nearly 10%
– Crypto bubble burst as bitcoin falls from $20k to below $4k and cryptos collapsed
– Collapse of central bank driven asset bubbles to continue and intensify in 2019
– Gold lower in USD in 2018 but gains in EUR, GBP, AUD, CAD and most currencies
Editors note: In our first Goldnomics podcast this time last year, we considered the outlook for markets in ‘What 2018 has in store for financial markets’ (here). A year later our conversation looks quite prescient given how stock market (see below) and property market bubbles have started to burst and the collapse of the crypto and bitcoin bubble.
Watch ‘2018 – Everything Bubble Starts Bursting’ video here
CHRISTMAS SCHEDULE
We will be closed from 24th of December (next Monday), and reopen again on the 2nd of January (Wednesday). Our last trading day will be on the 21st of December (this Friday) and insured deliveries will begin again in the first week of January 2019.
We wish all our subscribers & clients a Happy Christmas and a Healthy & Wealthy 2019
Secure Storage Ireland – Click here for information
News and Commentary
Stocks Edge Up Before Fed Decision; Bonds Steady: Markets Wrap (Bloomberg.com)
Fed must take wait-and-see approach for stocks to get ‘sustained’ rally (CNBC.com)
S&P 500 ends flat in volatile trade ahead of Fed meeting (Reuters.com)
Chance of recession rises to the highest level of the Trump presidency: CNBC Fed Survey (CNBC.com)
As Global Equities Take a Hit, Gold Miners Are Doing Fine (Bloomberg.com)
Source: Bloomberg via Yahoo Finance
We Are In a Global Bear Market – Druckenmiller (Bloomberg.com)
This Is A Bear Market – Stocks Slump After Gundlach Unleashes Truth-Bombs (ZeroHedge.com)
How trade wars could easily get out of control (Telegraph.co.uk)
The world changes when you see gold under water (VOANews.com)
Sydney’s 10% Property Plunge Will Be the Central Bank’s Biggest Worry (Yahoo.com)
Listen on SoundCloud , Blubrry & iTunes. Watch on YouTube below
Gold Prices (LBMA PM)
18 Dec: USD 1,248.80, GBP 987.43 & EUR 1,096.70 per ounce
17 Dec: USD 1,239.10, GBP 982.61 & EUR 1,093.13 per ounce
14 Dec: USD 1,239.15, GBP 983.39 & EUR 1,096.90 per ounce
13 Dec: USD 1,244.45, GBP 982.87 & EUR 1,093.62 per ounce
12 Dec: USD 1,244.75, GBP 993.31 & EUR 1,098.24 per ounce
11 Dec: USD 1,248.25, GBP 988.99 & EUR 1,096.59 per ounce
Silver Prices (LBMA)
18 Dec: USD 14.66, GBP 11.55 & EUR 12.86 per ounce
17 Dec: USD 14.60, GBP 11.55 & EUR 12.86 per ounce
14 Dec: USD 14.58, GBP 11.61 & EUR 12.92 per ounce
13 Dec: USD 14.68, GBP 11.60 & EUR 12.90 per ounce
12 Dec: USD 14.66, GBP 11.68 & EUR 12.93 per ounce
11 Dec: USD 14.64, GBP 11.62 & EUR 12.85 per ounce
Recent Market Updates
– Global Financial System Is ‘Unstable’ and Risk Of ‘Clearing System Seizure’, BIS Warns
– Gold Flowing From West To East and Now To Goldman Sachs
– Brexit Risk Sees Gold Rise To Test EUR 1,100 Per Ounce
– Yellen Warns Another Financial Crisis Is Brewing
– Gold Krugerrand Coin Worth $1,200 Donated To Charity Again
– EU Recession Imminent – Euro Disunion as Brexit, Italy and End of QE Loom
– 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
