Barry Stuppler

Will they break-out or break-down again? . . . .

The IMF Global Financial Stability report, released on 10 October, highlighted an increase in the level of risk among multiple global metrics. Following its publication, stocks in the US, Europe and Asia lost 4 %, 3% and 4 % respectively over three days . . .

Unlike gold and precious metals stocks, silver did not break out strongly on Thursday – although it rose, it did not break out at all, nor was volume exceptional, as we can see on its latest 6-month chart below . . . .

In one of the most profound developments in the central bank gold market for a long time, the Hungarian National Bank, Hungary’s central bank, has just announced a 10-fold jump in its monetary gold holdings . . . .

On fresh buying Gold hit a high today of $1,233 per ounce, before seeing some short-term profit taking . . . .

A weaker U.S. Dollar index combined with a continued sell-off in the world’s equity markets drove Gold up to $1,233 per ounce in early Asian trading . . . .

The excitement started Wednesday of last week as U.S.-China trade negotiations appeared to be going nowhere . . . .

Gold has traded above and below the key $1,220 breakout level today, reaching a high of $1,223 and a low of $1,215 . . . .

Could the 800 point fall in the Dow be the start of the much predicted equities collapse?  . . . .

Gold prices surged Thursday to the highest in more than two months, with the metal’s haven status in full force and attracting investment interest amid a sharp retreat for U.S. stocks that has infected foreign indexes . . . .