Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets

//Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets

News, Commentary, Charts and Videos You May Have Missed

Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week.

Market jitters and volatility have returned this week and the sell-off in US government bonds led to sharp falls on Wall Street centered on the very overvalued tech sector and the NASDAQ.

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets gold posted biggest gain more than 2 years(Bloomberg)

Gold is 1.3% higher for the week as of mid-morning European trading today. It needs to close positively this week in order to confirm a possible trend change.

A lower close this week, despite the significant volatility, would be bearish in the short term and suggest that gold needs a period of further consolidation before the bull market can resume in earnest.

It is too soon to tell if this week marks the much-anticipated turning point for gold but it certainly felt like an important week in the markets.

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets IMG 3778

We had an excellent client event in our new offices in Dublin on Wednesday evening and over 60 clients attended and enjoyed presentations by Mark O’Byrne and Stephen Flood. There was a very interesting Q&A session with some very informed clients. It was the first of many events – Galway, Cork, Manchester, London, NYC etc in the coming months.

Enjoy and have a nice weekend!

Market Updates This Week

Gold Up 2.5 Percent As Global Stock Rout Continues

“Gold Is On The Cusp” Of An “Explosion Higher” As Stock and Tech “Crash Is Coming”

Gold Bottoms As Gold Industry Consolidates and Weak Hands Capitulate

60 Charts For The (Last Few Remaining) Gold Bulls

 

News This Week

Gold Edges Higher In All Currencies As Global Stocks Slip

Investors Yank Record Cash Out of Stock, Real Estate, and Muni ETFs

Venezuela’s 2018 Inflation to Hit 1.37 Million Percent – IMF

Canadian Billionaire Investor Sprott says Bearish Gold Forecasters Have ‘No Friggin’ Idea

 

Videos This Week

 

 

 

 

 

Charts This Week

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets goldcore market update oct 11 3

Gold Up 2.5 Percent On Thursday After Global Stock Rout (Finviz)

 

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets playing catchup(Bloomberg)

 

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets living large

(Bloomberg)

 

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets hyperinflation gains speed

(Bloomberg)

 

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets https 3A 2F 2Fblogs images

Stock Buybacks Have Soared Faster Than Capital Spending (U.S. Global Investors)

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets https 3A 2F 2Fblogs images

Total Shares Outstanding of S&P 500 Consumer Staples Companies Are Plunging (U.S. Global Investors)

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets https 3A 2F 2Fblogs images

The Barrick-Randgold merger will create the world’s largest gold miner, valued at $18 billion (U.S. Global Investors)

 

News and Commentary

Gold at 2-month high as investors take refuge from a stock market slump (MarketWatch.com)

Gold Comes Alive in Biggest Jump Since `16 After Equities Roiled (Bloomberg.com)

Gold on Best Run in 6 Weeks as Dollar Strength Peaks (Bloomberg.com)

Gold near highest in over 2 mths as equity plunge boosts safe-haven appeal (Reuters.com)

Bitcoin slumps more than 5%, puts ‘digital gold’ status in jeopardy (MarketWatch.com)

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets gold posted biggest gain more than 2 years

Source: Bloomberg

Trump says Fed caused the stock market correction, but he won’t fire Chair Powell (CNBC.com)

ECB cannot come to Italy’s rescue without EU bailout: sources (Reuters.com)

‘Expensive energy is back’ – and it’s threatening the global economy, IEA warns (CNBC.com)

Global Internet Could Crash In Next 48 Hours – “Outage Across The World” (ZeroHedge.com)

How to safely ignore everything that happened yesterday (SovereignMan.com)

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets goldnomics ep8 banner 1

Gold Prices (LBMA AM)

11 Oct: USD 1,201.10, GBP 910.31 & EUR 1,040.27 per ounce

10 Oct: USD 1,186.40, GBP 902.02 & EUR 1,033.00 per ounce

09 Oct: USD 1,187.40, GBP 910.26 & EUR 1,036.01 per ounce

08 Oct: USD 1,194.80, GBP 914.86 & EUR 1,040.67 per ounce

05 Oct: USD 1,201.10, GBP 921.48 & EUR 1,045.08 per ounce

04 Oct: USD 1,199.45, GBP 925.02 & EUR 1,043.28 per ounce

Silver Prices (LBMA)

11 Oct: USD 14.40, GBP 10.90 & EUR 12.45 per ounce

10 Oct: USD 14.38, GBP 10.92 & EUR 12.50 per ounce

09 Oct: USD 14.33, GBP 10.98 & EUR 12.51 per ounce

08 Oct: USD 14.47, GBP 11.10 & EUR 12.61 per ounce

05 Oct: USD 14.64, GBP 11.23 & EUR 12.73 per ounce

04 Oct: USD 14.63, GBP 11.27 & EUR 12.72 per ounce

Recent Market Updates

– Gold Up 2.5 Percent As Global Stock Rout Spreads To Europe

– “Gold Is On The Cusp” Of An “Explosion Higher” As Stock and Tech “Crash Is Coming”

– Gold Bottoms As Gold Industry Consolidates and Weak Hands Capitulate

– 60 Charts For The (Last Few Remaining) Gold Bulls

– Poland and Australia Buy Gold As Global Property Bubble Bursts – This Week’s Golden Nuggets

– Brexit To Burst Dublin and London Property Bubbles? GoldCore Video

– Perth Mint’s Gold and Silver Bullion Coin Sales Soar In September

– “I’m Favouring Equities and Gold Over Bonds” – Stepek

– Poland Buys Gold For First Time In 20 years

– This Week’s Golden Nuggets – Central Banks, Goldman, Bank of America Positive On Undervalued Gold

– Central Banks Positivity Towards Gold Will Provide Long Term “Support To Gold Prices”

– Europe Unveils “Special Purpose Vehicle” With Russia and China To Bypass SWIFT, Jeopardizing Dollar’s Reserve Status

The post Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets appeared first on GoldCore Gold Bullion Dealer.

Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets   ptq

By |2018-10-12T22:15:30+00:00October 12th, 2018|Blog|Comments Off on Gold’s Best Day In 2 Years Sees 2.5 Percent Gain As Global Stocks Sell Off – This Week’s Golden Nuggets

About the Author: