Daily Market Update

Prepare For Global Debt Bubble Collapse – Outlook 2019

– Are we to prepare for a global Debt Bubble Collapse in 2019?
– 2019 to see the political and economic uncertainty of 2018 continue and likely to deepen
– Investors lulled into a false sense of security by politicians, brokers, bankers etc.
– Much “cheer leading” of the “economic recovery” narrative and by extension financial markets –  particularly property and stock markets
– Trade wars, currency wars, Brexit, Italexit, EU contagion are real risks
– Systemic risks posed by Deutsche Bank, Italian/ Irish etc. banks and indeed nations such as Italy, UK, US and the global debt bubble
– Risk assets and property to under-perform and precious metals to outperform
– Hope for best but be prepared for the worst by increased allocations to cash and gold

In the 10th Episode of The Goldnomics Podcast Mark O’Byrne and Stephen Flood are in conversation with Dave Russell as they look forward to 2019 and discuss what might be in store for financial markets if the trends from 2018 continue.

Listen to the full episode or skip directly to one of the following discussion points:

00:57 – Mark O’Byrne: What has 2019 got in store for us and are we expecting a global debt bubble collapse?

03:41 – Stephen Flood: Rising global debt level is unsustainable and several indicators point to a potential debt bubble collapse in 2019.

05:20 – Mark O’Byrne: Interest rate outlook for the next 12 months.

08:45 – Global debt level nears a quarter of a quadrillion ($250 trillion), 320% of total world output.

10:31 – Humongous debt and associated risks: what role are central banks playing?

11:05 – The end of quantitative easing: Any implication on the stock market?

12:30 – Interest rate hike in 2019: Are big banks insulated?

13:41 – Deutsch Bank: A potential cause of another financial liquidity crisis?

17:40 – Ramifications of a no-deal Brexit.

22:32 – Stephen Flood: Will a no-deal Brexit work out well for the UK in the medium/long term?

24:27 – No-deal Brexit and Bail-Ins: Should depositors and investors be concerned?

26:30 – How likely is it that impeachment proceedings will be instituted against Donald Trump in 2019?

31:30 – How good of a strategist is Donald Trump?

32:41 – Inequality and political events in USA: A peep through the lens of The Arc of Inequality.

36:23 – Instability, inequality and The Arc of Inequality: Looking at the role of populist leaders vs. central banks.

38:17 – Instability and inequality: Looking at the role of technological advancement and oligopolists.

40:51 – Globalization and progress in the east (Asia, India and China, etc.): A cause of reduced standard of living in the western world?

41:36 – De-dollarization of the global economy likely to continue in 2019.

45:13 – US to find it more difficult to fund budget deficits in future.

46:42 – Beyond the doom and gloom: where’s the bright spots out there?

49:50 – Asset allocation: How much should be invested in gold?

51:20 – Stock market advice from “experts”: Any need to be cautious?

52:41 – The implications of recent events for silver in 2019.

55:02 – Cryptocurrency: Outlook for Bitcoin in 2019.

58:01 – Silver vs. Bitcoin, which is a better investment option?

59:14 – Potential global financial crisis in 2019: what would be the main catalyst?


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News and Commentary

Gold settles higher as Fed lifts a key interest rate (MarketWatch.com)

Stocks Retreat on Fears of Fed Mistake; Oil Slumps: Markets Wrap (Bloomberg.com)

Asia Stock Carnage Deepens as Hopes Fizzle With Policy Updates (Bloomberg.com)

Gold steadies, Fed signals ‘some’ rate hikes for 2019 (Reuters.com)

Fed lifts rates, now sees ‘some further’ hikes ahead (Reuters.com)

Source: Bloomberg

Gold Bulls Just Regained the Upper Hand (USFunds.com)

$7.9 trillion pile of negative-yielding debt is growing fast (Bloomberg.com)

China’s holdings of U.S. Treasuries fall to lowest since May 2017 (Bloomberg.com)

Investors Should ‘Run For Cover’ – Greenspan Warns after Yellen, IMF, BIS Warnings (CNBC.com)

Alan Greenspan Warns Investors: Bad Economic Times Are Looming (Fortune.com)

Jarring FedEx Outlook Cut Suggests “Severe Global Recession” (ZeroHedge.com)

France and the Crisis of Democracies (FPCS.es)

Brexit Bulletin: The Predictions Edition (Bloomberg.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold Prices (LBMA PM)

20 Dec: USD 1,255.00, GBP 988.69 & EUR 1,093.73 per ounce
19 Dec: USD 1,248.60, GBP 986.77 & EUR 1,094.65 per ounce
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

Silver Prices (LBMA)

20 Dec: USD 14.77, GBP 11.64 & EUR 12.88 per ounce
19 Dec: USD 14.65, GBP 11.58 & EUR 12.84 per ounce
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

Recent Market Updates

– Gold Prices Likely To Go Higher In 2019 After 4% Gain In Q4 2018
– Everything Bubble Started Bursting In 2018 – GoldCore Video
– 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%

Watch on Youtube here

Mark O'Byrne
Executive Director


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