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)
Gold in USD – 30 Days
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
Source: Bloomberg.com
Related Content
Gold Is Undervalued – Leading Money Managers
Gold Prices (LBMA AM)
11 Aug: USD 1,288.30, GBP 993.67 & EUR 1,096.47 per ounce
10 Aug: USD 1,278.90, GBP 985.39 & EUR 1,091.67 per ounce
09 Aug: USD 1,267.95, GBP 974.80 & EUR 1,079.79 per ounce
08 Aug: USD 1,261.45, GBP 967.78 & EUR 1,068.20 per ounce
07 Aug: USD 1,257.55, GBP 963.41 & EUR 1,065.90 per ounce
04 Aug: USD 1,269.30, GBP 964.92 & EUR 1,068.37 per ounce
03 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 ounce
09 Aug: USD 16.59, GBP 12.76 & EUR 14.14 per ounce
08 Aug: USD 16.39, GBP 12.57 & EUR 13.87 per ounce
07 Aug: USD 16.13, GBP 12.35 & EUR 13.67 per ounce
04 Aug: USD 16.70, GBP 12.71 & EUR 14.07 per ounce
03 Aug: USD 16.47, GBP 12.50 & EUR 13.91 per ounce
02 Aug: USD 16.67, GBP 12.60 & EUR 14.09 per ounce
