Gold Bullion Has Little Downside, Brexit Or Not, Says HSBC

Gold News and Commentary
Gold hits highest in nearly two years after Fed’s cautious outlook (Reuters)
Gold Funds Keep Drawing Cash Even as Market Momentum Fades (Bloomberg)
Gold Jumps as Fewer Fed Officials See Multiple Rate Hikes in ’16 (Bloomberg)
China Dumping More Than Treasuries as U.S. Stocks Join Fire Sale (Bloomberg)
Sterling may weaken 11% if Brexit occurs: Goldman (CNBC)

Yellen said Fed “might legitimately consider” using helicopter money 

Gold Has Little Downside, Brexit Or Not, Says HSBC (Barrons)
Gold Quickly Go To $1,100/oz or 1,600/oz After BREXIT Result (Bloomberg)
Hemke and Maguire on the ‘New International Gold Order’ (Max Keiser)
Deutsche Bank: “If One Wanted A Simple Indicator Of Broken Financial System,This Is It” (Zero Hedge)
Gundlach: “Central Banks Are Losing Control” (CNBC)
Read More Here


Gold Prices (LBMA AM)
16 June: USD 1,307.00, EUR 1,161.14 and GBP 922.01 per ounce
15 June: USD 1,282.00, EUR 1,141.49 and GBP 903.04 per ounce
14 June: USD 1,279.40, EUR 1,140.84 and GBP 904.79 per ounce
13 June: USD 1,284.10, EUR 1,139.25 and GBP 909.27 per ounce
10 June: USD 1,266.60, EUR 1,121.07 and GBP 876.87 per ounce
09 June: USD 1,258.35, EUR 1,107.98 and GBP 870.53 per ounce

Silver Prices (LBMA)
16 June: USD 17.71, EUR 15.79 and GBP 12.54 per ounce
15 June: USD 17.41, EUR 15.51 and GBP 12.26 per ounce
14 June: USD 17.25, EUR 15.37 and GBP 12.17 per ounce
13 June: USD 17.32, EUR 15.37 and GBP 12.23 per ounce
10 June: USD 17.32, EUR 15.33 and GBP 12.01 per ounce
09 June: USD 17.05, EUR 15.03 and GBP 11.79 per ounce

Recent Market Updates
– Central Bank of Ireland Warns Risks are Debt, Brexit, Geopolitical Tensions and Migration
– Gold In Euros Surges 6.5% In June and 17% YTD On BREXIT Concerns
– Soros Buying Gold On BREXIT, EU “Collapse” Risk
– UK Gold Demand Rises On BREXIT “Nerves”
– Pensions Timebomb in “Slow Motion Detonation” In UK, EU, U.S.
– Silver – Perfect Storm Brewing in the Market
– Martin Wolf: There Will Be Another “Huge” Financial Crisis

– Silver Price To Surge 800% on Global Industrial and Technological Demand

– BREXIT Gold Diversification As Vote Fuels Market Uncertainty
– Gold Forecasts Revised Higher – Citi Says “Buy the Dip”
– World’s Largest Asset Manager Suggests “Perfect Time” For Gold


 

 

Mark O'Byrne

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