Gold Up 2%, Silver 5% In Week – Gundlach, Gartman And Dalio Positive On Gold

August 11, 2017

– 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

Silver 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

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)

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth. 

Nevada accounts for 75% of U.S. gold production.