Daily Market Update

Silver Bullion Set to Soar to $50 an Ounce (GoldCore Video)

– Silver bullion is the most undervalued precious metal, commodity and asset today
– Silver very rarely covered in the media and thus the fundamentals are not understood
– Supply demand fundamentals are very positive indeed as seen in recent report from Capital Economics
– While industrial demand may weaken, investment and safe haven demand for silver coins and bars will surge in the next crisis
– Silver mine production falling: Dozen of the largest silver mines in the world fell by 8% in 2018
– Silver bear market was exacerbated by manipulation and pushing silver lower
– Silver is going higher and $50 per ounce is a conservative target in the next 3 or 4 years
– In 2007 and 2009 we said gold would surge in the crisis and target $50 per ounce
– Long term charts are very bullish and show undervalued versus all assets and even gold
– Gold to silver ratio over 80 to 1 today: 15 to 1 is likely in the coming years (see chart)
– Silver prices adjusted for inflation are cheaper than 1916! (see chart)
– Record high for silver adjusted for inflation is over $115/oz (based on U.S. CPI) and over $700/oz (based on John Williams of Shadow Stats inflation data and methodology)
– Silver at lowest prices in history; T ime to buy and dollar cost average into position is now
– Avoid digital and ETF gold and silver and only own coins and bars in your possession or in allocated and segregated storage

 


Until April 18, when you purchase the minimum amount of 10,000 ($€£) in physical gold and or silver, you receive complimentary Storage In Zurich For 6 Months

 

News and Commentary

Gold dips to four-week low as dollar rises on robust weekly jobs data (GoldReview.com)

Gold futures finish slightly lower as dollar index bucks up (MarketWatch.com)

Trump Selects Gold Standard Advocate Cain for Fed Board – Sources (Bloomberg.com)

Trump says U.S. economy strong despite ‘destructive actions’ by Fed (Reuters.com)

Italy’s ruling populists push ahead to seize central bank gold reserves (ForexLive.com)


Source: Bloomberg

Ray Dalio Sounds a New Alarm on Capitalism’s Flaws, Warns of Revolution (Bloomberg.com)

Millions of Facebook Records Found on Amazon Cloud Servers (Bloomberg.com)

The Manhattan Housing Market Is On Its Worst Streak In 30 Years (ZeroHedge.com)

Manhattan Home Sales Drop to Decade Low for a First Quarter (Bloomberg.com)

‘Evidence of manipulation but not enough for charges’ may mean government itself is the manipuator (Gata.org)

Trump nominates a second gold standard advocate for Fed (WSJ.com)

Royal Canadian Mint releases three new bullion coins (Mining.com)

Gold Prices (LBMA PM)

04 Apr: USD 1,291.60, GBP 981.87 & EUR 1,149.78 per ounce
03 Apr: USD 1,291.85, GBP 980.38 & EUR 1,148.84 per ounce
02 Apr: USD 1,287.20, GBP 984.97 & EUR 1,148.95 per ounce
01 Apr: USD 1,291.90, GBP 987.27 & EUR 1,149.15 per ounce
29 Mar: USD 1,291.15, GBP 991.09 & EUR 1,151.19 per ounce
28 Mar: USD 1,306.90, GBP 995.20 & EUR 1,161.18 per ounce

Silver Prices (LBMA)

04 Apr: USD 15.08, GBP 11.48 & EUR 13.44 per ounce
03 Apr: USD 15.16, GBP 11.51 & EUR 13.49 per ounce
02 Apr: USD 15.02, GBP 11.51 & EUR 13.42 per ounce
01 Apr: USD 15.07, GBP 11.50 & EUR 13.42 per ounce
29 Mar: USD 15.10, GBP 11.52 & EUR 13.45 per ounce
28 Mar: USD 15.19, GBP 11.58 & EUR 13.53 per ounce

Recent Market Updates

– Perth Mint’s Gold Bullion Sales Surge 68% In March
– Central Banks Continue to Buy Gold at a Record Clip
– ItalExit and Cyber Risks in a Cashless World May Be Bigger Risks Than Brexit : Interview with GoldCore CEO
– Ireland and EU Countries Must Seek ECB Approval to Manage Gold Reserves – Draghi
– Global Risks Increasing – Underlining The Case For Gold in 2019 (GoldCore Video Presentation)
– Brexit and Learning To “Live With Boom and Bust Economic Cycles”
– ‘No Deal’ Brexit Risk Impacting UK and Irish Economies – Gold Gains On Recession Concerns
– America’s “Debt Crisis Is Coming Soon”

Mark O'Byrne
Executive Director

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