Barry Stuppler

Turkish gold imports surged due to a sharp increase in investment demand as well as renewed Central bank purchases . . . .

Gold traded below the $1,305 price five times in the past two weeks, testing the important $1,300 per ounce resistance level. Now, Gold has firmed up that support and is finally moving up to the $1,320 area . . . .

Gold is trading in a very narrow $6 high/low trading range, from $1,323 to $1,317 per ounce . . . .

Iran’s gold demand will probably be “strong” for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd . . . .

After Gold’s recent decline to the $1,305 area, its bullish for the Gold price to consolidate above the $1,320 level . . . .

This morning we saw a crack in the strength of the U.S. Dollar and Gold rallied . . . .

The past few months have seen some unusual, maybe even unique, developments in the gold and silver futures markets, with gold becoming extremely bearish and silver almost ridiculously bullish . . . .

Gold hit a low of $1,305 this morning in Asian trading, then, like the four previous times this month, major buyers appeared and drove up the price $10 . . . .

A commodity bull market is forming and gold has a big part to play, according to one Bank of America Merrill Lynch (BAML) strategist . . . .

Gold has traded in a drifting rectangle pattern for most of this year . . . .