Daily Market Update

Sydney’s 10% Property Plunge Will Be the Central Bank’s Biggest Worry

News and Commentary

Stocks Edge Up Before Fed Decision; Bonds Steady: Markets Wrap (Bloomberg.com)

Fed must take wait-and-see approach for stocks to get ‘sustained’ rally (CNBC.com)

S&P 500 ends flat in volatile trade ahead of Fed meeting (Reuters.com)

Chance of recession rises to the highest level of the Trump presidency: CNBC Fed Survey (CNBC.com)

As Global Equities Take a Hit, Gold Miners Are Doing Fine (Bloomberg.com)


Source: Bloomberg via Yahoo Finance

We Are In a Global Bear Market – Druckenmiller (Bloomberg.com)

This Is A Bear Market – Stocks Slump After Gundlach Unleashes Truth-Bombs (ZeroHedge.com)

How trade wars could easily get out of control (Telegraph.co.uk)

Banks’ confessions refute ‘conspiracy theory’ scorn of gold rigging complaints – Murphy (Youtube.com)

The world changes when you see gold under water (VOANews.com)

Sydney’s 10% Property Plunge Will Be the Central Bank’s Biggest Worry (Yahoo.com)

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Gold Prices (LBMA PM)

18 Dec: USD 1,248.80, GBP 987.43 & EUR 1,096.70 per ounce
17 Dec: USD 1,239.10, GBP 982.61 & EUR 1,093.13 per ounce
14 Dec: USD 1,239.15, GBP 983.39 & EUR 1,096.90 per ounce
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

Silver Prices (LBMA)

18 Dec: USD 14.66, GBP 11.55 & EUR 12.86 per ounce
17 Dec: USD 14.60, GBP 11.55 & EUR 12.86 per ounce
14 Dec: USD 14.58, GBP 11.61 & EUR 12.92 per ounce
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


Recent Market Updates

– Global Financial System Is ‘Unstable’ and Risk Of ‘Clearing System Seizure’, BIS Warns
– Gold Flowing From West To East and Now To Goldman Sachs
– Brexit Risk Sees Gold Rise To Test EUR 1,100 Per Ounce
– 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

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Mark O'Byrne
Executive Director

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