Gold and Silver Prices Resilient Over $1500 and $17 Despite Sharp Selling On COMEX Yesterday

14, August

* Gold is 0.8% higher to $15,14/oz and silver is 1.24% higher to $17.20/oz

* Gold has consolidated just over the $1,500 level finding support after mor poor economic data from China and Germany raised fears of a global recession

* CME raised gold margins from $4k to $4.5k or 12.5% yesterday

Silver in USD – 3 Days

Gold sheds 2% on signs of U.S.-China trade thaw

Gold drops from a more than 6-year high as U.S. delays some tariffs on China, schedules further trade talks

The remarkable resiliency of gold and silver

Trump: Chinese Government is moving troops to the Border with Hong Kong

Dont tell the public there was a frightening ‘glitch’ in stock markets yesterday

Greenspan sees no barriers to negative yields on Treasuries

U.S. Mortgage Debt Hits Record – $9.406 trillion, Eclipsing 2008 Peak

Just 6 cents on the euro for Cyprus bail-in haircut victims

Listen and Watch Jim Rogers Interview Here

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

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
01-Aug-19 1406.40 1406.80, 1161.12 1161.74 & 1273.35 1273.29
31-Jul-19 1430.55 1427.55, 1175.48 1167.45 & 1283.20 1281.37

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Mark O'Byrne

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