This Week’s Golden Nuggets

News, Market Updates, Charts and Videos You May Have Missed

Here is our Friday digest of the important news, market updates, charts and videos we covered this week.

The crisis in emerging markets deepened this week with currencies around the world collapsing in value and gold reaching new record highs in these fiat currencies. Equity indices in emerging markets have seen sharp drops and now developed markets are seeing weakness in their stock markets.

It is important to consider the potential impact on the wider markets and the risk of contagion to our inter connected, indebted and vulnerable financial markets and system.

Video This Week

 

Market Updates This Week

September Is The Best Month For Gold and Worst Month For Stocks

Real Gold and Silver – 7 Reasons Robert Kiyosaki Owns Them

Video: Gold Surges To Record Highs In Emerging Market Currencies

Gold Remains An “Excellent Way to Hedge” for Longer Term – BNP

Watch Bloomberg Video of BNP Paribas’ global head of equity derivative strategy Edmund Shing on hedging the U.S. markets and gold as a long term hedge and insurance

 


Charts This Week

 

 

 


Source: FinViz.com

 

 


Source: Comex via Bloomberg


Source: Bloomberg

 

News and Commentary

Gold imports in India jump two-fold in August as traders replenish inventory (Business-Standard.com)

Gold up as dollar slips against yen on trade issues (Reuters.com)

Gold Prices Rise on Safe-Haven Bid, Weak Job Creation (Investing.com)

U.S. factory orders fall in July on weak aircraft demand (Reuters.com)

U.S. Service Industries Expanded in August by More Than Forecast (Bloomberg.com)


Source: Bloomberg.com

Is This the Biggest Buy Signal for Gold Since 2001? (CaseyResearch.com)

What Turkey Can Teach Us About Gold (RealInvestmentAdvice.com)

Gold market intervention by BIS declines after $100 price plunge (Gata.org)

In crisis 10 years ago – and 3 ways to handle the next crisis (StansBerryChurcHouse.com)

Paper Money Eventually Returns To Its Intrinsic Value – Zero (ZeroHedge.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below


Gold Prices (LBMA AM)

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
04 Sep: USD 1,195.75, GBP 932.57 & EUR 1,034.20 per ounce
03 Sep: USD 1,201.70, GBP 933.00 & EUR 1,035.75 per ounce
31 Aug: USD 1,206.85, GBP 927.58 & EUR 1,034.03 per ounce
30 Aug: USD 1,202.35, GBP 924.25 & EUR 1,028.49 per ounce

Silver Prices (LBMA)

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
04 Sep: USD 14.25, GBP 11.11 & EUR 12.33 per ounce
03 Sep: USD 14.53, GBP 11.27 & EUR 12.50 per ounce
31 Aug: USD 14.66, GBP 11.27 & EUR 12.56 per ounce
30 Aug: USD 14.67, GBP 11.27 & EUR 12.54 per ounce


Recent Market Updates

– 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
– 10 Incredible Photos From Venezuela Show The Disastrous Risks Of Currency Devaluation
– This Week’s Golden Nuggets
– Video: Is Silver Set for a Massive Breakout?
– Banks Now Long Gold, Short Dollar. What Do They Know?
– Russia Buys 800,000 Ounces Of Gold In July

Mark O'Byrne

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How Gold Stacks Up Against Stocks, Property, Commodities and Big Macs!

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Videos

Are We In A Financial Bubble? Peter Grandich Interview

Marc Faber Interview 2021: Don’t Sell Your Gold

Buy Physical Silver Now- Gary Savage

Blog posts

Gold Leads the Way for Silver

Gold leads the way Last week we wrote about the gold to silver ratio. Our points were that it measures the price of one metal against the other, just as we use the dollars per ounce to measure daily metals prices, and just as we use ounces per Corvette to measure purchasing power preservation. Also, […]

READ MORE

Gold, Stocks & Commodities- A Complicated Correlation

In our July 29 post titled How Gold Stacks Up Against Stocks, Property, Commodities and Big Macs! we showed readers charts of gold as a ratio to other assets and products. We discussed that gold competes with crypto and stocks for the investment dollars. It was clear that gold as a ratio of the S&P […]

READ MORE

How Gold Stacks Up Against Stocks, Property, Commodities and Big Macs!

Gold and silver have faced stiff competition for investment dollars. There is little doubt that the cryptocurrency hype at the end of 2020 and the first quarter of 2021 sucked investment away from gold. Some viewed it as a ‘no lose’ investment and others as the next generation alternative to fiat currencies. The sharp decline […]

READ MORE

Featured

How High is Too High for Rising Government Bond Yields?

READ MORE

Gold, the Tried-and-True Inflation Hedge for What’s Coming!

READ MORE

Silver – 7 Reasons it is Still Set to Soar

READ MORE