Daily Market Update

Silver Prices Likely To Go “Exponential” – Guggenheim Co-Founder

◆ Silver prices are likely to go “exponential again” according to Guggenheim Partners co-founder Scott Minerd, in an interview with Bloomberg at Davos (see silver chart and interview below)

◆ Silver is “the number one conviction trade in 2020” Minerd, who is also the Guggenheim Global Chief Investment Officer (CIO) told Bloomberg whose conviction trade was greeted with surprise by Bloomberg’s Tom Keene and Jonathan Ferro

◆ Silver has more room to run and there is a “strong probability” that silver will go “exponential” again according to Minerd

“When you look at the relative values of silver and gold, silver is about 65% below its prior peak while gold is very close to its prior peak”

◆ Financial markets and assets are a central bank fueled ‘ponzi scheme’ warned Minerd who is concerned about the huge rally seen in bond and particularly stock markets



Silver in USD – 10 Years (GoldCore.com)



In this special podcast to celebrate GoldCore’s appointment as an Approved Distributor of The Royal Mint, the GoldCore team discuss the ‘3 Key Things to Protect Your Finances in the 2020s’

Watch Podcast Here




NEWS and COMMENTARY

Gold inches up as virus fears mount; markets await Fed decision

Japan, U.S. evacuate citizens from China as virus spreads

How China’s new virus could disrupt the phase one trade deal with the US

Coronavirus cases in China overtake SARS — and the economic impact could be ‘more severe’

Industrial metals stabilise after coronavirus shock

IMF sees Italy deficit overshoot, says debt won’t come down

Gold price will skyrocket if Bernie Sanders wins 2020 presidential election



Exclusive Gold Offer – For Retail, Pension and HNW Investors

To celebrate our appointment as a Royal Mint Approved Distributor, we are offering newly minted 2020 Gold Britannias and Gold Sovereigns at incredibly reduced premiums for all lump sum and pension investments worth more than £10,000, €12,000 or $14,000.

We are also giving 12 months of Secure Storage free of charge. Investors must trade before March 20th to qualify for the Exclusive Offer.

Key benefits and information here



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

28-Jan-20 1579.60 1574.00, 1212.19 1211.04 & 1433.33 1430.77
27-Jan-20 1583.45 1580.10, 1209.28 1210.04 & 1436.66 1433.94
24-Jan-20 1561.85 1564.30, 1192.63 1194.19 & 1415.04 1418.04
23-Jan-20 1554.05 1562.90, 1182.94 1191.24 & 1401.91 1411.77
22-Jan-20 1558.10 1556.90, 1193.19 1186.20 & 1404.78 1406.04
21-Jan-20 1556.25 1551.30, 1192.87 1188.14 & 1401.25 1397.26
20-Jan-20 1559.25 1560.15, 1200.93 1200.38 & 1406.76 1407.72
17-Jan-20 1556.50 1557.60, 1193.21 1195.15 & 1399.60 1402.93
16-Jan-20 1555.20 1554.55, 1190.97 1190.94 & 1393.61 1394.90



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Mark O'Byrne
Executive Director

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