– Cyberattacks expected to spread today in “second phase”
– UK intelligence says scale of threat significant
– Microsoft slams NSA for letting hacking tools cause global malware epidemic
– Ransomware attack already crippled more than 200,000 computers in 150 countries
– 1.3 million computer systems believed to be at risk
– Europol warns many computer systems simply won’t start
– Businesses, banks and government agencies around world told to prepare
– Renault, FedEx among companies affected by cyber-attack
– Banks in China including ATMs were affected
– Hackers could shut down banks and cut off power and water supplies
– “Biggest threat to civilisation” since the Second World War – Cyber security expert
– Risks posed to digital deposits and digital wealth are the “new case for gold”
– Cyber attacks growing in frequency – Western financial system vulnerable
News and Commentary
Gold firm on weak U.S. data, North Korea concerns (Reuters.com)
British hospitals, Spanish firms among targets of global ‘ransomware’ attack (Reuters.com)
Dollar starts week under shadow of underwhelming data, North Korea (Reuters.com)
Asian markets largely surge ahead despite global risks (MarketWatch.com)
Spain’s Banco Popular to sell off assets to boost depleted capital (Reuters.com)
Investors Should Care About China In 1 Simple Chart (ZeroHedge.com)
Commercials Cover All-Time Record Number Of Silver Short Positions (KingWorldNews.com)
Hit by Run on Deposits, Spain’s 6th Largest Bank Denies it’s Looking for Rushed Takeover to Avert Collapse (WolfStreet.com)
Join Buffett- Sit on your hands and avoid stock bubble (MoneyWeek.com)
Macron’s victory has opened a can of euro worms (MoneyWeek.com)
Gold Prices (LBMA AM)
15 May: USD 1,231.50, GBP 952.32 & EUR 1,124.61 per ounce
12 May: USD 1,227.90, GBP 955.06 & EUR 1,129.55 per ounce
11 May: USD 1,221.00, GBP 945.66 & EUR 1,122.95 per ounce
10 May: USD 1,222.95, GBP 944.61 & EUR 1,124.99 per ounce
09 May: USD 1,225.15, GBP 948.51 & EUR 1,124.20 per ounce
08 May: USD 1,229.70, GBP 948.71 & EUR 1,123.45 per ounce
05 May: USD 1,239.40, GBP 958.06 & EUR 1,130.33 per ounce
04 May: USD 1,235.85, GBP 958.15 & EUR 1,131.05 per ounce
Silver Prices (LBMA)
15 May: USD 16.59, GBP 12.83 & EUR 15.12 per ounce
12 May: USD 16.30, GBP 12.68 & EUR 14.99 per ounce
11 May: USD 16.37, GBP 12.70 & EUR 15.06 per ounce
10 May: USD 16.29, GBP 12.59 & EUR 14.99 per ounce
09 May: USD 16.22, GBP 12.55 & EUR 14.88 per ounce
08 May: USD 16.38, GBP 12.64 & EUR 14.96 per ounce
05 May: USD 16.27, GBP 12.58 & EUR 14.85 per ounce
04 May: USD 16.50, GBP 12.80 & EUR 15.09 per ounce
