Doomsday Clock Strikes One Minute To Midnight For Global Market Crash

August 17, 2015

It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations.

China currency devaluation signals endgame leaving equity markets free to collapse under the weight of impossible expectations.


Photo: Reuters

The Telegraph’s John Ficenec has written an excellent piece warning of a possible market crash in the coming weeks.

He identifies eight key “signs things could get a whole lot worse.”  

1 – China slowdown
2 – Commodity collapse
3 – Resource sector credit crisis
4 – Dominoes begin to fall
5 – Credit markets roll over
6 – Interest rate shock
7 – Bull market third longest on record
8 – Overvalued US market

John Ficenec is a market and finance expert and is Editor of the Questor column at Telegraph Media Group working across the Daily and Sunday titles and online. He is a qualified accountant who trained at KPMG before moving into asset management and the private equity industry. He has worked in financial journalism since 2011 and joined the Telegraph in 2013. He won ‘Article of the Year’ in the 2013 CFA Society of UK awards.

As we know, a picture paints a thousand words and the article is replete with a number of excellent charts which should give even the most complacent investor pause for thought.

DAILY PRICES
Today’s Gold Prices: USD 1,117.30, EUR 1006.17 and GBP 714.34 per ounce.
Friday’s Gold Prices: USD 1,116.75, EUR 1002.11 and GBP 715.29 per ounce
(LBMA AM)


Gold in USD – 1 Year

Gold and silver gained over 2% and 3% last week. After those gains, both precious metal took a breather on the COMEX on Friday. Gold and silver were mixed  – gold was flat and silver fell 1%.

This morning, gold is 0.4% higher to $1,118.60 per ounce. Silver is 0.2% higher to $15.37 per ounce.

Platinum and palladium are 0.5% and 0.2% higher to $1,001 and $623 per ounce respectively.

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Courtesy of http://www.goldcore.com/

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. 

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