- London, Dublin, Sydney, Vancouver and Hong Kong housing prices fall ...- Property bubbles in many cities internationally according to 'Economist', UBS & others- UBS found that six of the world's largest cities are now subject to massive speculative housing bubbles - Hong Kong, Munich, Toronto, Vancouver, Amsterdam & London- Brexit and bursting property bubbles including London impacting sentiment overvalued Dublin housing market- Housing prices in Dublin fall 2.5% as Brexit, global risks increase- Australian house prices fall 2.7% as Sydney & Melbourne see sharp price falls as Australian bubble bursts
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- Brexit in conjunction with severe price unaffordability, rising interest rates and global economic uncertainty is leading to sharp price falls in London home prices- London home prices have fallen five months in a row with property prices more than 7% lower in 12 months in some areas- The Economist has done research which suggests that London house prices are 50% overvalued and Dublin house prices are 25% overvalued
News and Commentary
Gold Down, but Stays Above $1,200 as Italy Worries Fizzle (Investing.com)
Gold hovers in narrow range as dollar rises on upbeat U.S. data (Reuters.com)
Asian markets sink, led by losses in Hong Kong, South Korea (MarketWatch.com)
Federal Reserve prepares for next crisis, bets it will begin like the last (Reuters.com)
Japan Waves Goodbye to U.K. as 'Gateway to Europe' Post-Brexit (Bloomberg.com)
Italy's Borghi Nods to 'Own Currency' (Bloomberg.com)
It Took Only 10 Minutes to Send Gold and Silver Prices Soaring (Bloomberg.com)
Silver and Platinum Are Both Very Cheap (MoneyWeek.com)
The Tyranny of the U.S. Dollar (Bloomberg.com)
One of the Greatest Follies from the Last Crisis Is Back (SovereignMan.com)
The Music Fades Out (HussmanFunds.com)
Another Failed Effort At Regulation - Craig Hemke (SilverDoctors.com)
Gold Prices (LBMA AM)
03 Oct: USD 1,203.50, GBP 925.73 & EUR 1,040.55 per ounce02 Oct: USD 1,192.65, GBP 919.77 & EUR 1,035.46 per ounce01 Oct: USD 1,185.30, GBP 907.94 & EUR 1,021.02 per ounce28 Sep: USD 1,183.50, GBP 906.44 & EUR 1,020.41 per ounce27 Sep: USD 1,196.00, GBP 911.59 & EUR 1,020.91 per ounce26 Sep: USD 1,198.80, GBP 910.49 & EUR 1,018.86 per ounce
Silver Prices (LBMA)
03 Oct: USD 14.74, GBP 11.36 & EUR 12.75 per ounce02 Oct: USD 14.51, GBP 11.20 & EUR 12.59 per ounce01 Oct: USD 14.55, GBP 11.16 & EUR 12.53 per ounce28 Sep: USD 14.31, GBP 10.97 & EUR 12.35 per ounce27 Sep: USD 14.42, GBP 10.98 & EUR 12.31 per ounce26 Sep: USD 14.48, GBP 11.01 & EUR 12.32 per ounce