Barry Stuppler

Each of the last three years have begun with gold rallies of over 10%. The stage is set for another such move in 2018. Are you prepared? . . . .

Gold rallied yesterday after the FOMC statement was released . . . .

Gold hit $1,251 this morning, before seeing some selling. The markets are awaiting the Fed statement . . . .

In Asian, European and U.S. commodity markets Gold moved down slowly, reaching a low of $1,236 per ounce . . . .

After another disappointing trading session, one bank sees gold ending the week on a positive note, with prices possibly moving up to $1,300 an ounce if the Federal Reserve hints at weak inflation on Wednesday . . . .

Last week’s Gold correction, closing at $1,248 per ounce, was caused by a combination of short term factors. Those factors being . . . .

Gold rallied in Asian markets, reaching a high of $1,252 per ounce, before seeing selling on light volume . . . .

Precious metals specialist, Ted Butler, is nothing but forthright about his views on the big investment banks, notably JP Morgan as top of his list of the ‘baddest dudes’ in the sector.  To this he has added the financial sector’s other frequently recognized ‘bad dude’ – Goldman Sachs – accusing them both of playing the markets in such volumes that they totally dominate them and frequently calling them out in what he describes as ‘criminal’ manipulation’ of these markets . . . .

U.S. equity markets and the U.S. Dollar continue to rally, putting pressure on precious metals . . . .

With the US Dollar hitting a 2 week high amid optimism towards the passage of the Republican backed Tax Reform plan, we saw Gold hit the $1,260 floor and break through . . . .