Daily Market Update

JPMorgan Warns U.S. Money Market Stress to ‘Get Much Worse’


◆ Severe funding pressures in U.S. money markets tipped to resurface heading into year-end by JPMorgan who warn that financial stresses are likely to ‘get much worse’

◆ Goldman Sachs and Bank of America also warn funding issues remain (see below)

◆ Federal Reserve will start buying $60 billion of Treasury bills every month

◆ Funding markets are on notice for a possible year-end liquidity crunch

◆ Growing stresses in U.S. banking and financial system should support gold


NEWS & COMMENTARY

JPMorgan Warns U.S. Money-Market Stress to Get Much Worse

Global economy faces $19 trillion corporate debt timebomb, warns IMF

Gold prices inch up on upbeat risk sentiment

Silver prices rally 1.6% — leaving gold in the dust

PM pushes for Brexit deal vote after being forced to seek delay

Goldman warns that buybacks are ‘plummeting,’ ending a big source of buying power for the market

Wall Street rises on trade optimism


SWOT Analysis: The Dutch National Bank Is Bullish on Gold

Decoding the Fed – John Mauldin

More Unanswered Questions – Ted Butler




Understand the Real Causes of the Coming Collapse
Listen to Goldnomics Podcast Here



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

21-Oct-19 1490.85 1491.65, 1147.81 1148.27 & 1334.91 1337.12
18-Oct-19 1487.50 1490.00, 1154.15 1155.64 & 1336.67 1337.28
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


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Mark O'Byrne
Executive Director

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