Barry Stuppler

Bank of America Merrill Lynch has reiterated their forecast for gold prices to average the fourth quarter around $1,400 an ounce. At the same time, the bank sees silver prices averaging $17.50 in the final three months of 2018 . . . .

Gold opened in Asian markets this morning at $1,238, hit a low of $1,237, then a major buyer appeared at that price . . . .

Since 1986 when the United States Mint first introduced silver and gold American Eagle bullion coins, they have been top sellers in the United States as well as around the world . . . .

For reasons that have to do mainly with security, a number of America’s allies around the world have for decades agreed to store a portion of their national gold reserves — their sovereign gold — in New York . . . .

June was truly an ugly month for Gold investors. Gold started the month at $1,301 and ended at $1,251 per ounce, a $50 decline . . . .

Gold continues to trade in a declining $15 high/low range today . . . .

After reaching a low of $1,245.50 per ounce on Thursday, we saw a rally start in Asia and move through the Mid-Eastern and European markets . . . .

Precious metals have all taken a bit of a knock in recent months with a revival in the strength of the US Dollar. Platinum is an interesting one in particular . . . .

Silver prices continue their slump from the previous week thanks to two major culprits . . . .

In early Asian trading there was serious concern that a trade war would lead to a devaluation of the Chinese Yuan . . . .