Barry Stuppler

After Yesterday’s Federal Reserve announcement of a .25% increase in the Fed Fund interest the financial markets reacted . . . . (Barry Stuppler)

After a strong close on Friday, Gold has been moving higher since the open of trading . . . .

Last Friday was a key day in the ultimate direction of the Gold price. Gold closed Thursday right on the key $1,800 per ounce support/resistance level . . . . Barry Stuppler

With interest rates for the 10-year treasury moving to a 3-year high of over 1.92%, Gold was on the defensive . . . .

Last week we heard two significant announcements that have long-term effects on the U.S. economy. The first was on Thursday when the U.S. Labor Department said . . . . Barry Stuppler

Since the beginning of June, Gold has traded between $1,855 to $1,919, as Gold consolidates the recent gains. Physical and futures demand continues to grow every time Gold gets near . . . . (Barry Stuppler)

Gold broke the very important $1,800 per ounce resistance level on May 6th and has closed above that level for the past six trading days. During that period, Gold has traded between $1,808 to $1,848 per ounce . . . . Barry Stuppler

U.S. Dollar Index is staying above 90, while U.S. 10-Year Treasuries moved back above 1.60% . . . . Barry Stuppler

May started on a high note for Gold investors with the Gold price increasing $63 per ounce. Just last week, Gold broke out above the key $1,800 per ounce resistance level on Thursday . . . .

The month of April ended with Gold at $1,767.30 per ounce, up $51 for the month. Gold stayed above $1,725 all month . . . . Barry Stuppler