Barry Stuppler

Gold reached a high of $1,356 per ounce, above the key $1,350 resistance level . . . .

This week was certainly ripe with major events, each of which has had a direct and immediate impact on gold. However, it was the escalation of trade tariffs proposed by President Trump this week that sent gold prices dramatically higher and equity pricing to its lowest level since November 2017 . . . .

After our President signed an executive order putting $60 billion worth of new tariffs on China, it appears the Asian financial markets are really concerned about a trade war . . . .

Between yesterday’s dovish statements by Federal Reserve Chair Powell and today’s Chinese trade tariffs from the White house, the volatility in the financial markets has increased dramatically . . . .

Speculation around a more dovish strategy coming from today’s Federal Reserve announcement and press conference by J. Powell was supportive for the Gold price . . . .

For years, a trend has developed that, much to the dismay of global financial elites, has taken hold and will only accelerate from this point on . . . .

Today, Gold is trading in a narrow $10 high/low range, between $1,318 and $1,308, awaiting tomorrow’s Fed announcement on interest rates . . . .

The US dollar has been dominant as the global reserve currency for a century. It was backed by gold, and the phrase, “good as gold,” had a literal meaning . . . .

Peter Ginelli writes: Lately we have been seeing the term “stagflation” used in many headlines, by many respected analysts as well as the former and longest serving Federal Reserve Chairman Alan Greenspan in recent months . . . .

Last week, precious metals were primarily reacting to events surrounding the White House . . . .