Gold Up 2.3%, Silver 5.3% In Week - Gundlach, Gartman and Dalio Positive On Gold
- Gold is up 2.3% this week and silver has surged nearly 5.3% as stocks sell off on geopolitical risk- Billionaire fund managers and commodities experts increasingly positive on gold- Risks are rising, and everybody should put 5% to 10% of their assets in gold - Dalio- Dalio's Bridgewater, world's largest hedge fund, warned clients that geopolitical risks are rising- 'Gold is about break out on the upside strongly' - commodities expert Gartman- Gartman believes right now investors should have 10% to 15% allocation to gold- "The stock market looks a little vulnerable. The geopolitical circumstances are getting worse and worse" - Gartman- Run up in gold prices is far from over due to economic risks - Gartman- Gold's chart has 'one of the most bullish' patterns - Billionaire bond guru Gundlach- Gold up 6.3% and silver 8.2% in 30 days and look on verge of major move higher
Market Performance - One Week (Finviz)
[image]https://www.goldcore.com/ie/wp-content/uploads/sites/19/2017/08/gold-in-USD-August-2017.jpg[/image]Gold in USD - 30 Days
[image]https://www.goldcore.com/ie/wp-content/uploads/sites/19/2017/08/silver-in-USD-August-2017.jpg[/image]Gold in USD - 30 Days
See below for Business Insider UK article on Gundlach, CNBC article on Gartman and Business Insider on Dalio's views on gold
News and Commentary
Gold ends at 2-month high: Risk aversion is back on (MarketWatch.com)
Stocks Drop Most Since May, Bonds Rally on Tension (Bloomberg.com)
GUNDLACH: Gold's chart has 'one of the most bullish' patterns around (BusinessInsider.com)
Dalio Recommends Gold as Hedge Against Rising Political Risk (Bloomberg.com)
'Gold is about break out on the upside strongly,' Dennis Gartman says (CNBC.com)
[image]https://www.goldcore.com/ie/wp-content/uploads/sites/19/2017/08/slumbering-no-more.png[/image] Source: Bloomberg.com
Everybody Needs To Put 5% to 10% of Their Money In Gold (BusinessInsider.com)
These 7 billionaires are worried about a stock-market correction (MarketWatch.com)
Sanctions will destroy the dollar (TheStreet.com)
Bitcoin Debate between Keiser and Schiff (Youtube.com)
Decade after financial crisis, World is still hooked on debt that caused it (Telegraph.co.uk)
Related Content“Do You Own Gold?” Ray Dalio at CFR: “Oh Yeah, I Do”Gold Selling “Malevolent Force”? – Dennis GartmanGold Is Undervalued - Leading Money Managers
Gold Prices (LBMA AM)
11 Aug: USD 1,288.30, GBP 993.67 & EUR 1,096.47 per ounce10 Aug: USD 1,278.90, GBP 985.39 & EUR 1,091.67 per ounce09 Aug: USD 1,267.95, GBP 974.80 & EUR 1,079.79 per ounce08 Aug: USD 1,261.45, GBP 967.78 & EUR 1,068.20 per ounce07 Aug: USD 1,257.55, GBP 963.41 & EUR 1,065.90 per ounce04 Aug: USD 1,269.30, GBP 964.92 & EUR 1,068.37 per ounce03 Aug: USD 1,261.80, GBP 952.41 & EUR 1,064.96 per ounce
Silver Prices (LBMA)
10 Aug: USD 17.08, GBP 13.14 & EUR 14.57 per ounce09 Aug: USD 16.59, GBP 12.76 & EUR 14.14 per ounce08 Aug: USD 16.39, GBP 12.57 & EUR 13.87 per ounce07 Aug: USD 16.13, GBP 12.35 & EUR 13.67 per ounce04 Aug: USD 16.70, GBP 12.71 & EUR 14.07 per ounce03 Aug: USD 16.47, GBP 12.50 & EUR 13.91 per ounce02 Aug: USD 16.67, GBP 12.60 & EUR 14.09 per ounce
Recent Market Updates
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Important Guides
For your perusal, below are our most popular guides in 2017:
Essential Guide To Storing Gold In Switzerland
Essential Guide To Storing Gold In Singapore
Essential Guide to Tax Free Gold Sovereigns (UK)
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