* Major stock markets globally fell for a third straight day today
* Fears about a deepening and global trade war, protests in Hong Kong and a crash in Argentina’s peso currency led to safe haven demand for bonds, gold and silver
* Silver went above a 1 and half year high climbing 1.8% to $17.36 per ounce, its highest since January 2018 at $17.42
* Despite recent gains silver remains 65% below its record nominal high near $50/oz
NEWS & COMMENTARY
Gold hits over six-year ‘peak’ at $1,532/oz on risk-off sentiment
Shares sold after Argentina crash, safe-havens shine
European shares drop on global worries; Italy, Spain underperform
Federal Spending Sets Record Through July; Treasury Runs $866,812,000,000 Deficit
Record American household debt, nearing $14 trillion, Bankruptcy filings rising
Yuan at right level, disorderly capital flows unlikely – China central bank official
China media says Hong Kong protesters are ‘asking for self-destruction’ as military assembles nearby
Gold Carefully Closed Back Below $1,500 Spot/Silver Below $17 Spot
Gold Prices via LBMA (AM/ PM Fix – USD, GBP & EUR)
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
30-Jul-19 1428.45 1425.90, 1173.47 1171.95 & 1281.75 1279.60
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