Daily Market Update

IMF Warning: ‘World’s Financial System Is More Stretched, Unstable and Dangerous Than It Was On the Eve of the Lehman Crisis’

Source: The Telegraph

◆ The International Monetary Fund (IMF) has again warned that the world’s financial system is more stretched, unstable and dangerous than it was on the eve of the Lehman crisis

◆ Quantitative easing, zero percent interest rates and massive financial repression has pushed investors – and in the case of pension funds or life insurers, actually forced them – into taking on ever more risk

◆ Ambrose Evans-Pritchard analyses the IMF warning in The Telegraph and concludes that the IMF has presented us with a Gothic horror show and that “we have created a monster”

◆ The International Monetary Fund (IMF) has presented us with a another stark warning; It alas is being ignored by most of the world’s media and by most financial advisers and economists

◆ AEP’s important synopsis of the latest IMF warning can be read in The Telegraph here



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NEWS & COMMENTARY

Gold ends at highest price in a week as investors weigh tentative Brexit pact

“Gold’s gains after an initial small sell off suggest that many market participants remain skeptical of this latest Brexit ‘deal’,” and British Prime Minister Boris Johnson’s ability to get both the Democratic Unionist Party in Northern Ireland and the UK parliament to agree to the deal,” said Mark O’Byrne, research director at GoldCore in Dublin, told MarketWatch.

Gold holds above $1,490 on weak Chinese data, Brexit prospects

Saturday’s Brexit vote will be ‘pretty close’: Labour’s McDonnell

Sterling turns lower as opposition grows to new Brexit deal

China says its economy grew 6% in the third quarter, slower than expected

Deep state board staff at the Fed has not been helpful for the economy

World is in a ‘great sag’ and echoes the 1930s – Dalio



GOLD PRICES (LBMA – USD, GBP & EUR – AM/ PM Fix)

17-Oct-19 1484.45 1492.65, 1151.64 1162.63 & 1336.60 1341.59
16-Oct-19 1482.55 1485.10, 1166.32 1155.85 & 1344.52 1343.27
15-Oct-19 1494.75 1487.80, 1183.69 1178.34 & 1357.08 1353.30
14-Oct-19 1494.20 1490.60, 1188.79 1182.94 & 1354.04 1352.12
11-Oct-19 1498.35 1479.15, 1197.93 1166.01 & 1359.90 1338.33
10-Oct-19 1508.20 1494.80, 1232.35 1222.75 & 1368.69 1356.38
09-Oct-19 1503.40 1507.25, 1228.43 1232.93 & 1369.00 1372.65
08-Oct-19 1500.00 1505.85, 1225.50 1233.14 & 1365.30 1372.28
07-Oct-19 1502.15 1501.25, 1221.40 1218.11 & 1369.36 1365.54
04-Oct-19 1509.50 1499.15, 1223.75 1220.01 & 1374.70 1366.78



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Mark O'Byrne
Executive Director

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