Video: BREXIT To Contribute To London Property Bubble Bursting

– Brexit in conjunction with severe price unaffordability, rising interest rates and global economic uncertainty is leading to sharp price falls in London home prices

– London home prices have fallen five months in a row with property prices more than 7% lower in 12 months in some areas

–  The Economist has done research which suggests that London house prices are 50% overvalued and Dublin house prices are 25% overvalued

– The Economist believes that there are many cities with property bubbles vulnerable to sharp corrections due to rising interest rates and geopolitical uncertainty and  unaffordability

– Reuters poll of housing market analysts and experts predicted that London house prices will continue to fall in 2018 and 2019, with a one-in-three chance of a house price crash

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News and Commentary

Juncker vows to turn euro into reserve currency to rival petro-dollar (Politico.eu)

Gold near 1-wk highs as Sino-U.S. trade talk hopes hurt dollar (Reuters.com)

The Fed is trying to finally get back to ‘normal’ after the crisis (CNBC.com)

As Trump embraces more tariffs, U.S. business readies public fight (Reuters.com)

U.S. producer prices post first drop in one-and-a-half years (Bloomberg.com)


Source: SilverInstitute.org

Euro Has the Power to Challenge the Dollar (Bloomberg.com)

The next financial crisis ‘will be more severe’ socially and politically, says billionaire investor Dalio (MarketWatch.com)

Gundlach Says Dollar’s Next Move May Be Downward (Bloomberg.com)

Here’s why one analyst just made a ‘rare’ call to buy some gold (MarketWatch.com)

China to Continue Driving Global Silver Market Forward (SilverInstitute.org)

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Gold Prices (LBMA AM)

12 Sep: USD 1,197.80, GBP 919.07 & EUR 1,033.10 per ounce
11 Sep: USD 1,194.00, GBP 915.92 & EUR 1,028.75 per ounce
10 Sep: USD 1,195.80, GBP 923.28 & EUR 1,032.45 per ounce
07 Sep: USD 1,200.75, GBP 928.30 & EUR 1,031.32 per ounce
06 Sep: USD 1,204.30, GBP 931.65 & EUR 1,035.82 per ounce
05 Sep: USD 1,194.70, GBP 932.46 & EUR 1,031.74 per ounce

Silver Prices (LBMA)

12 Sep: USD 14.16, GBP 10.90 & EUR 12.22 per ounce
11 Sep: USD 14.13, GBP 10.85 & EUR 12.19 per ounce
10 Sep: USD 14.22, GBP 10.99 & EUR 12.28 per ounce
07 Sep: USD 14.19, GBP 10.90 & EUR 12.20 per ounce
06 Sep: USD 14.27, GBP 11.03 & EUR 12.27 per ounce
05 Sep: USD 14.17, GBP 11.05 & EUR 12.22 per ounce


Recent Market Updates

– Australia’s Banking System May Be The “Bloody Big Butterfly” Which Triggers Next “Financial Storm”
– Ten Years Since Lehman: Biggest Driver of 2008 Financial Crisis Has Only Got Worse
– London Property: Here Comes the Crash
– This Week’s Golden Nuggets
– Gold Remains An “Excellent Way to Hedge” for Longer Term – BNP Interview
– Video: Gold Surges To Record Highs In Emerging Market Currencies – New Highs In USD, EUR, GBP In the Coming Months?
– September Is The Best Month For Gold and Worst Month For Stocks
– Pound Investors Face Months of Volatility Into Brexit Endgame
– This Week’s Golden Nuggets
– Video: “Financial War” Deepens as Russia Buys Gold and Dollar Hegemony At Risk – Rickards on CNN
– Will Indebted Nations Globally Follow Venezuela Into Hyperinflation?
– End Of Dollar Hegemony May Happen Soon and Badly Impact Indebted America

Mark O'Byrne

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