Daily Market Update

Leveraged Loan Funds In U.S. Lose Cash at Fastest Pace Ever

News and Commentary

Gold prices steady on Fed policy outlook uncertainty (Reuters.com)

US budget deficit hits record $204.9 billion for November (APNews.com)

Wall Street edges lower as trade-fueled rally loses steam (Reuters.com)

Dow gives up 200-point gains as digests latest US-China trade developments (CNBC.com)

India and United Arab Emirates to stop using U.S. dollars in trade (GulfNews.com)

U.S. Leveraged Loan Funds Lose Cash at Fastest Pace Ever (Bloomberg.com)

Source: Bloomberg

Leveraged Loan Market Collapsing: U.S. Banks Unable To Offload Loans Amid Record Outflows (ZeroHedge.com)

Brexit isn’t the only geopolitical risk to stocks – Rebalance your portfolio (GoldSeek.com)

What does May’s victory mean for markets? (MoneyWeek.com)

How to prepare your portfolio for a “bare-bones” Brexit (MoneyWeek.com)

CFTC refuses to address GATA’s questions about gold and silver market rigging (Gata.org)

Australia’s House Of Cards Is Collapsing: Recession Coming Up (ZeroHedge.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold Prices (LBMA PM)

13 Dec: USD 1,244.45, GBP 982.87 & EUR 1,093.62 per ounce
12 Dec: USD 1,244.75, GBP 993.31 & EUR 1,098.24 per ounce
11 Dec: USD 1,248.25, GBP 988.99 & EUR 1,096.59 per ounce
10 Dec: USD 1,246.80, GBP 980.61 & EUR 1,092.57 per ounce
07 Dec: USD 1,241.20, GBP 972.98 & EUR 1,091.51 per ounce
06 Dec: USD 1,236.45, GBP 971.48 & EUR 1,091.66 per ounce

Silver Prices (LBMA)

13 Dec: USD 14.68, GBP 11.60 & EUR 12.90 per ounce
12 Dec: USD 14.66, GBP 11.68 & EUR 12.93 per ounce
11 Dec: USD 14.64, GBP 11.62 & EUR 12.85 per ounce
10 Dec: USD 14.53, GBP 11.48 & EUR 12.73 per ounce
07 Dec: USD 14.49, GBP 11.34 & EUR 12.73 per ounce
06 Dec: USD 14.38, GBP 11.28 & EUR 12.68 per ounce

Recent Market Updates

– 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%
– Irish Central Bank Refuses To Discuss Gold Reserves In Bank of England Vaults
– “Fake Markets” To Lead to Global Financial Crisis? – Goldnomics Podcast
– Gold Is “Coiled” and Looks Set To Surge Like Natural Gas — Bloomberg Intelligence
– “Collapse Of Civilisation Is On The Horizon” – Attenborough Warns World Leaders
– Deutsche Bank May Cause The Next Global Crisis
– Ireland’s Mr Gold Reveals Nuggets Of Wisdom For When The Next Crash Comes

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Mark O'Byrne
Executive Director


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