Barry Stuppler

The U.S. gold exports to Hong Kong surged in February consuming nearly all of the domestic gold mine supply . . . .

A combination of higher interest rates (10-Year Treasury at over 3%, the highest in the past four years), and a stronger U.S. Dollar (Index is 91.43) kept Gold on the defensive last week . . . .

This morning, with the U.S. Dollar and interest rates moving higher, Gold has been on the defensive . . . .

Gold dropped to $1,315 in early Asian trading before finding bargain buying and short-covering . . . .

Germany has the world’s second-largest gold reserves, but since the Cold War, no one has seen it on German soil. Until this weekend, when the country’s central bank, Bundesbank, put eight bars on display at its Money Museum . . . .

The price of silver will depend heavily on trends in investment demand in 2018 but could get a boost from international political and economic risk purchases, CPM Group said on Tuesday . . . .

Gold broke down below the $1,320 level in early Asian trading, reaching a low of $1,313 before seeing strong buying . . . .

Gold remains on the defensive as the U.S. Dollar index hit a 3 1/2 month high today, and the 10-year U.S. Treasury rate moved above 3%, the highest rate in 4 years . . . .

Led by China, the global gold market has moved from the West to the East, the CEO of the World Gold Council, Aram Shishmanian, told an industry forum on April 19 . . . .

Even with Wednesday’s silver rally, the precious metal is still significantly undervalued, said Goldmoney. But, all of that is about to change, with a more than 30% jump in prices coming our way . . . .