This Week’s Golden Nuggets – Central Banks, Goldman, Bank of America Positive On Undervalued Gold by Mark O'Byrne


	News, Commentary, Charts and Videos You May Have Missed Here is our Friday digest of the important news, commentary, charts and videos we were informed by this week. We released the Goldnomics Podcast and interviewed the ‘Silver Guru’, David Morgan about how silver and gold have been manipulated lower in the short term, are undervalued and will protect and grow wealth in the coming currency collapse. Gold and silver prices have fallen again this week and this month and sentiment remains very poor. However, the ‘smart money’ is increasingly positive on gold – including central banks such as the People’s Bank of China and Wall Street banks such as Goldman Sachs and Bank of America (see below). Contrarian investors continue to buy cheap financial insurance and are accumulating gold and silver coins and bars on this price dip. Precious metal prices can go lower in the short term but falls to the downside are likely to be mild while the potential upside is very substantial. At these depressed prices, canny contrarian investors are adopting the investment adage – buy low and sell high. Enjoy and have a nice weekend! Market Updates and News This Week Central Banks Positivity Towards Gold Will Provide Long Term “Support To Gold Prices” Europe Unveils “Special Purpose Vehicle” With Russia and China To Bypass SWIFT, Jeopardizing Dollar’s Reserve Status Gold Set to Soar Above $1,300 – Goldman and Bank of America Charts This Week Source: Gold Industry Group Source: Bloomberg Source: GnS Economics via ZeroHedge Videos This Week Gold Prices (LBMA AM) 27 Sep: USD 1,196.00, GBP 911.59 & EUR 1,020.91 per ounce 26 Sep: USD 1,198.80, GBP 910.49 & EUR 1,018.86 per ounce 25 Sep: USD 1,199.45, GBP 912.30 & EUR 1,019.77 per ounce 24 Sep: USD 1,198.75, GBP 913.69 & EUR 1,018.70 per ounce 21 Sep: USD 1,207.60, GBP 914.88 & EUR 1,025.25 per ounce 20 Sep: USD 1,203.00, GBP 910.55 & EUR 1,027.72 per ounce 19 Sep: USD 1,203.00, GBP 912.48 & EUR 1,028.44 per ounce Silver Prices (LBMA) 27 Sep: USD 14.42, GBP 10.98 & EUR 12.31 per ounce 26 Sep: USD 14.48, GBP 11.01 & EUR 12.32 per ounce 25 Sep: USD 14.29, GBP 10.86 & EUR 12.15 per ounce 24 Sep: USD 14.32, GBP 10.90 & EUR 12.17 per ounce 21 Sep: USD 14.33, GBP 10.87 & EUR 12.18 per ounce 20 Sep: USD 14.23, GBP 10.75 & EUR 12.14 per ounce 19 Sep: USD 14.18, GBP 10.76 & EUR 12.13 per ounce

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis

In the same category
Gold Forecast: $2800 $3300 Targets In Play Stewart Thomson Gold The PCE: Prepare For Blastoff Stewart Thomson Gold: Structural Inflation The Roaring 2020s Stewart Thomson