Barry Stuppler

Putin Warns: "US Sanctions Hurt Trust in Dollar as Reserve Currency"

Last Monday through Wednesday, Gold traded in a $10 High/Low range, between $1,286 and $1,296 per ounce. Then early Thursday, the President cancelled the North Korean summit and the stock market dropped 150 points but Gold/Silver rallied . . . .

A political crisis in Italy that is causing heavy selling on European equity markets has rolled into the U.S. Market, driving the Dow Jones down over 400 points . . . .

The markets are quiet ahead of the holiday weekend. 10-year interest rates have sold-off, but the U.S. Dollar Index is over 94 . . . .

The U.S. President cancels the North Korean summit, the stock market drops, and Gold and Silver rally . . . .

The U.S. Dollar Index briefly broke above the 94 level (highest value since 2011) and Gold sold off from the day’s high of $1,298 per ounce . . .

After reaching a low of $1,282 per ounce yesterday, today Gold has traded in the narrow $8 high/low range . . . .

Gold to Outperform Against Other Currencies . . . .

On May 4 and 5, 2018, Warren E. Buffett (born 1930) and Charles T. Munger (born 1924), both already legends during their lifetime, held the annual shareholders’ meeting of Berkshire Hathaway Inc. . . . .

Last Tuesday, Gold dropped $28 per ounce to below $1,290, breaking the important $1,300 resistance level . . . .