Daily Market Update

Gold Season – Is This It?

– Gold season – Is this it? Carley Garner on gold seasonality
– Gold “tends to find a bottom in late July and early August”
– “August is actually normally a very good month for gold”
– Gold “tends to move higher through mid to late November”

Gold prices have a certain seasonality to them. Typically gold prices tend to bottom in July and August and then rally into the end of the year.

According to Carley Garner of DeCarlyTrading.com, this is driven by a number of underlying factors.

However, as of yet, we haven’t seen gold turn up again and key support levels have been breached. So are we really ready for a rally yet and is this the season for gold?

Stephen Flood, CEO of GoldCore.com has been finding out.

Watch The Latest Video Here

 

 

News and Commentary

Gold gains on bargain hunting; U.S.-China trade talks in focus (Nasdaq.com)

Gold prices steady as U.S.-China trade optimism pressures dollar (Reuters.com)

Gold speculators go bearish for the first time since 2002 (FXStreet.com)

Hedgies Hit Record Short Gold As Gundlach Warns Bond Bears Of “Massive…Short Squeeze” (ZeroHedge.com)

Venezuelan shopkeepers alarmed by Maduro’s latest economic moves (Reuters.com)

Maduro orders 96 percent devaluation in hyperinflation-stricken Venezuela (Reuters.com)


Source: Zerohedge.com

An ‘unhinged White House’ will prompt a market crash – Stockman (CNBC.com)

Is the Turkish crisis a buying opportunity? (MoneyWeek.com)

Emerging Market Debt Bubble Could Become A Global Crisis In Seconds (DailyReckoning.com)

Looming Economic Collapse: The $250 Trillion Dollar Worldwide Debt Crisis (ZeroHedge.com)

Gold is moving closer to a contrarian buy signal (MarketWatch.com)

Gold Prices (LBMA AM)

17 Aug: USD 1,176.70, GBP 925.59 & EUR 1,032.79 per ounce
16 Aug: USD 1,179.65, GBP 928.38 & EUR 1,037.74 per ounce
15 Aug: USD 1,186.70, GBP 933.10 & EUR 1,047.74 per ounce
14 Aug: USD 1,195.30, GBP 935.32 & EUR 1,049.11 per ounce
13 Aug: USD 1,204.40, GBP 944.85 & EUR 1,058.19 per ounce
10 Aug: USD 1,211.65, GBP 947.87 & EUR 1,056.44 per ounce
09 Aug: USD 1,215.50, GBP 944.08 & EUR 1,048.13 per ounce

Silver Prices (LBMA)

17 Aug: USD 14.66, GBP 11.54 & EUR 12.87 per ounce
16 Aug: USD 14.61, GBP 11.51 & EUR 12.85 per ounce
15 Aug: USD 14.83, GBP 11.66 & EUR 13.10 per ounce
14 Aug: USD 15.04, GBP 11.77 & EUR 13.18 per ounce
13 Aug: USD 15.18, GBP 11.91 & EUR 13.35 per ounce
10 Aug: USD 15.37, GBP 12.04 & EUR 13.41 per ounce
09 Aug: USD 15.48, GBP 12.01 & EUR 13.35 per ounce


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