Gold Surges To $1,512 At Open In Asia, Falls To $1,488 At Open In London, Then Moves Over $1,500 Again

12, August

* Gold up nearly 6% so far in August after 3% gain last week

* Gold futures traders increase net longs in COMEX gold

* Volatile trading overnight saw gold go higher, lower and then higher again as gold seeks to consolidate at $1,500/oz (see gold in yellow in chart above)

NEWS & COMMENTARY

Gold gains as trade concerns weigh on global markets

Gold near $1,500 as trade tensions and recession worries linger

India is a step closer to first gold exchange

Goldman Sachs economists say fears rise that U.S.-China trade war leading to recession

We’re All Currency Manipulators Now – Stockman

More Disinformation About Gold

Investors are bullish on gold amidst $15 trillion in negative yield debt and currency, economic uncertainty

Don’t buy gold until it reaches this level, Piper Jaffray technician says

Gold Rally To Continue

Listen and Watch Jim Rogers Interview Here

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

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
30-Jul-19 1428.45 1425.90, 1173.47 1171.95 & 1281.75 1279.60
29-Jul-19 1418.95 1419.05, 1150.91 1157.94 & 1275.78 1275.30

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Mark O'Byrne

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