Daily Market Update

Gold Price Will “Scream” and See $1,700 “Quickly” Says Billionaire Paul Tudor Jones

via Bloomberg

Paul Tudor Jones, the Tudor Investment Corporation founder, believes that gold is the best trade and is going to “scream” over the next year to two years. He outlines his reasons why with Bloomberg’s Vonnie Quinn on Bloomberg Markets.

Watch the full interview here


“The best trade is going to be gold. If I have to pick my favorite for the next 12-24 months it probably would be gold. I think gold goes beyond $1,400… it goes to $1,700 rather quickly. It has everything going for it in a world where rates are conceivably going to zero in the United States.”

“Remember we’ve had 75 years of expanding globalization and trade, and we built the machine around the believe that’s the way the world’s going to be. Now all of a sudden it’s stopped, and we are reversing that.

When you break something like that, the consequences won’t be seen at first, it might be seen one year, two years, three years later. That would make one think that it’s possible that we go into a recession. That would make one think that rates in the US go back toward the zero bound and in the course of that situation, gold is going to scream.”


LBMA Gold Prices (USD, GBP & EUR – AM/ PM Fix)
12-Jun-19 1336.65 1332.35, 1049.27 1045.76 & 1179.99 1177.26
11-Jun-19 1322.65 1324.30, 1040.53 1041.30 & 1168.96 1170.42
10-Jun-19 1328.60 1328.60, 1046.94 1048.66 & 1175.41 1175.94
07-Jun-19 1334.30 1340.65, 1049.16 1052.14 & 1184.19 1184.60
06-Jun-19 1336.65 1335.50, 1053.15 1051.17 & 1189.62 1185.92
05-Jun-19 1337.75 1335.05, 1052.01 1049.22 & 1185.38 1184.99
04-Jun-19 1323.60 1324.25, 1045.51 1043.77 & 1177.47 1177.26
03-Jun-19 1313.95 1317.10, 1039.47 1042.35 & 1175.99 1175.38
30-May-19 1276.45 1280.95, 1010.44 1015.92 & 1146.25 1151.70



News

Gold Driven to Higher Ground as Investors Weigh Trade War, Fed

Gold Posts Back-to-back Session Gains, Buoyed by Worrisome Geopolitics

Gold Gains as U.S.-China Trade Woes Subdue Risk Appetite

Oil Sinks 4% to $51.14 on Rising US Crude Stockpiles, Fear of Faltering Demand

Trade Tensions Push Wall St. Lower, Rate Cut Hopes Limit Losses


Watch video here

Commentary

An “All Out Trade War” Is Most Definitely Not “Priced In” – GoldCore

“Renewed Worries Over the U.S.-China Trade War and Its Impact on the Global Economy Are Pushing Gold Higher” – GoldCore 

Countries with the Most Monstrous Corporate Debt Pileups

Trump Trade Wars Increasing Gold Prices

What a U.S. Rate Cut Could Mean for Gold Prices


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