Deutsche Falls To New Record Low Showing ‘Lehman Shock’ Contagion Risk


* Deutsche bank’s new record low at €5.80 underscores German and European banking contagion risk

* FTSE 100 opens slightly higher after trading delay of 90 minutes on trading trading services ‘issue’

* GE falls the most in 11 years after Madoff whistleblower calls it a ‘bigger fraud than Enron’

* Gold prices are marginally lower today but are currently set for another higher weekly close as safe-haven buying continues

* The wider economic, monetary and geopolitical backdrop will support safe haven assets and investors without an allocation to the precious metal should cost average into physical gold



Buy, Transfer & Store Gold and Silver in Zurich, Switzerland – Six Months Free Storage


News and Commentary

Gold heads for 3rd weekly gain on trade, growth concerns

Gold to Rise to $1,650 by 2Q 2020: UOB Private Bank

Deutsche Bank’s New Record Low Underscores European Banking’s Decline

German banks are in a much worse position than the rest of Europe – Citi

FTSE 100 opens after trading delay of 90 minutes on trading trading services ‘issue’

GE falls the most in 11 years after Madoff whistleblower calls it a ‘bigger fraud than Enron’

10-year Treasury yield falls to three-year low below 1.5%, 30-year rate declines to record low

Market plunge sheds harsh light on big banks and their derivatives counterparties

Nomura: Yesterday Was A Complete Rout, Raising Odds Of September “Lehman Shock”

“The End Of The World As We Know It” – China Going Nuclear Means There’s No Turning Back Now

Gold has been acting as a safe-haven – Ira Epstein



Gold in USD – Monthly – 10 Years



Listen and Watch Jim Rogers Interview Here


Gold Prices via LBMA (AM/ PM Fix – USD, GBP & EUR)

15-Aug-19 1517.65 1515.65, 1254.49 1250.26 & 1361.48 1363.78
14-Aug-19 1500.35 1513.25, 1241.69 1253.73 & 1341.61 1356.17
13-Aug-19 1527.20 1498.40, 1265.90 1240.38 & 1363.48 1338.67
12-Aug-19 1501.95 1504.70, 1244.82 1243.63 & 1343.64 1341.74
09-Aug-19 1503.50 1497.70, 1242.19 1240.99 & 1342.02 1338.05
08-Aug-19 1497.40 1495.75, 1230.26 1234.14 & 1335.08 1335.70
07-Aug-19 1487.65 1506.05, 1225.82 1239.33 & 1330.11 1341.44
06-Aug-19 1461.85 1465.25, 1199.59 1201.21 & 1304.85 1311.11
05-Aug-19 1457.45 1465.25, 1199.92 1203.85 & 1307.92 1310.23
02-Aug-19 1436.05 1441.75, 1184.17 1187.28 & 1294.02 1298.44


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Mark O'Byrne

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