Daily Market Update

Gold May Return 25% In 2019 Given Brexit, Trump and Other Risks – IG TV Interview GoldCore

– Outlook for gold in 2019: IG TV Victoria Scholar interviews GoldCore
– Given Brexit & Trump risk, trade wars & fragile economic growth, gold may gain 20%-25% in 2019
– Palladium has surged to record highs and gold will play catch up in coming years and reach record highs again; Both nominal highs near $1,900/oz and inflation adjusted at much higher prices
– Global demand will be strong in 2019 and gold production globally is plateauing
– Focus on gold not just in dollars but in euros, pounds & local currency terms in which gold made gains in 2018 and will likely do again in 2019
– Year-end 2019 forecast for gold is 1500 $/oz but gold’s value is as a safe haven

Courtesy of IG Markets

 

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News and Commentary

Gold near 3-wk lows as firmer dollar sees speculators sell (Reuters.com)

Venezuela gold holdings in Bank of England soar on Deutsche deal (Reuters.com)

Asian markets slip on global growth worries (MarketWatch.com)

AngloGold Faces South Africa Doubt as M&A Gold Rush Quickens (Bloomberg.com)

British PM to try to break Brexit deadlock with EU concessions (Reuters.com)

Copper prices slide on weak Chinese data (MarketWatch.com)


Gold ETF Holdings Near Highest Level Since 2013: BMO. Source: Bloomberg

China’s Xi Warns Party of ‘Serious Dangers’ as Risks Mount (Bloomberg.com)

A Truly Terrible Idea for Deutsche Bank (Bloomberg.com)

Wyoming Legislators Want State to De-Risk Investments by Holding Gold and Silver (SoundMoneyDefense.org)

Indian government’s scheme to paperize citizens’ gold has failed (Gata.org)

The silence on Wall Street’s Dark Pools is deafening (WallStreetOnParade.com)

Gold Prices (LBMA PM)

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
14 Jan: USD 1,293.70, GBP 1,007.02 & EUR 1,129.27 per ounce
11 Jan: USD 1,298.80, GBP 1,012.91 & EUR 1,123.96 per ounce

Silver Prices (LBMA)

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
14 Jan: USD 15.61, GBP 12.13 & EUR 13.61 per ounce
11 Jan: USD 15.68, GBP 12.23 & EUR 13.60 per ounce

Recent Market Updates

– 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
– Financial Advice In 2019: Own Gold To Hedge $250 Trillion Global Debt Bubble – GoldCore In Irish Times
– China Adds 320,000 Ounces To Gold Reserves – First Central Bank Purchase Since October 2016
– Gold At 6 Month High At $1,300 and All Time Record Highs In Australian Dollars Over $1,870
– Gold Hedges Stock Market Falls In 2018 – Gains 2.7% In Euros and 3.8% In Pounds

Mark O'Byrne
Executive Director

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