Daily Market Update

VIDEO: Italy €2.4 Trillion Debt To Create Eurozone Contagion and Global Debt Crisis?

– Italy is EU’s ticking timebomb as debt nears €2.4 trillion
– Italy’s GDP is just €1.85 trillion; National debt is 132% of economy
– Italy is politically dysfunctional at best of times; Now has populist left / right wing government
– National debt owed to other EU nations alone is 25% of its GDP
– Italy’s debt threatens global GDP; May wipe 0.4% off global GDP

– Default to create contagion in EU including a euro currency crisis
– All the focus is on Brexit and trade wars but “Italy is too big to bail and too big to fail”
– “Do not have all your eggs in one basket…”
– “Don’t panic. Diversify, diversify, diversify”

 

News and Commentary

Stocks Climb Before Earning Season; Dollar Weakens: Markets Wrap (Bloomberg.com)

Asian Stocks Gain; Dollar Steady Near Recent Lows (Bloomberg.com)

Asia shares edge higher, sterling slugged by UK politics, Brexit concerns (Reuters.com)

May’s Brexit Plan: The Details, The Overtures and The Meaning (Bloomberg.com)

Russia Joins Global Trade War – Imposes Tariffs On US Energy, Mining Imports (ZeroHedge.com)

Global trade war has kicked off (MoneyWeek.com)

Founder of world’s largest hedge fund says ‘first day of the war’ with China has begun (MarketWatch.com)

Hallmark of an economic Ponzi scheme – John Hussman (HussManFunds.com)

Govt economic advisor warns British defence planners that growth is ending (Medium.com)

We’re Witnessing Unusual Stock Market Behavior That Is Unlike Anything We’ve Seen Since 2008 (TheEconomicCollapseBlog.com)

Time to Buy Gold for a Trade (Investopedia.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold Prices (LBMA AM)

06 Jul: USD 1,254.20, GBP 947.55 & EUR 1,071.09 per ounce
05 Jul: USD 1,252.50, GBP 946.89 & EUR 1,071.64 per ounce
04 Jul: USD 1,256.90, GBP 951.47 & EUR 1,079.80 per ounce
03 Jul: USD 1,245.85, GBP 944.85 & EUR 1,068.81 per ounce
02 Jul: USD 1,249.00, GBP 948.87 & EUR 1,072.39 per ounce
29 Jun: USD 1,250.55, GBP 950.29 & EUR 1,073.85 per ounce

Silver Prices (LBMA)

06 Jul: USD 16.00, GBP 12.09 & EUR 13.66 per ounce
05 Jul: USD 15.95, GBP 12.04 & EUR 13.65 per ounce
04 Jul: USD 16.05, GBP 12.15 & EUR 13.78 per ounce
03 Jul: USD 15.93, GBP 12.08 & EUR 13.68 per ounce
02 Jul: USD 15.98, GBP 12.14 & EUR 13.73 per ounce
29 Jun: USD 16.03, GBP 12.20 & EUR 13.77 per ounce


Recent Market Updates

– U.S. China Trade War Escalates as Russia and China Accumulate Gold
– Irish Gold Money Rings Found – Mystery Surrounds What May Be Ancient, Pre-Historic Currency
– Gold $10,000 In Currency Reset? Russia, China Gold Demand To Overwhelm Gold Futures Manipulation (GOLDCORE VIDEO)
– Italian Debt – A Financial Disaster Waiting To Happen
– As The Currency Reset Begins – Get Gold As It Is “Where The Whole World Is Heading”
– Buy Gold Or Bitcoin As The “Liquidity Party” Is Ending?
– Why Russia and Turkey Diversifying Into Gold May Signal A Bigger Global Shift
– London House Prices Fall 1.9% In Quarter – Bubble Bursting?
– Gold Exports To London From U.S. Surge 152% In 2018
– Manipulation of Gold & Silver by Bullion Banks Is “Undeniable”
– “Perfect Environment For Gold” As Fed Will Weaken Dollar and Create Inflation – Rickards
– Russia Buys 600,000 oz Of Gold In May After Dumping Half Of US Treasuries In April
– In Gold, Silver and Bitcoin We Trust? Goldnomics Podcast with Ronald-Peter Stoeferle
– Own A “Bit Of Gold” As We Are Moving Ever Closer To A Trade War
– Bitcoin Price To $0 Or $1 Million In One Year? MoneyConf 2018 Poll
– Cashless Society – Good or Bad? MoneyConf 2018 Video

Mark O'Byrne
Executive Director

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