Barry Stuppler

Gold continues to consolidate in a narrow $10 high/low trading range . . . .

Large speculators raised their bullish net positions in the Silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday . . . .

Auto catalyst metal palladium will struggle to maintain its recent push to 16-year highs above $1,000 an ounce, but is still expected to set record average highs this year and next as emissions controls ramp up, a Reuters poll showed on Thursday . . . .

My good friend Pierre Lassonde, cofounder and chairman of Franco-Nevada, doesn’t know how we’ll replace the massive gold deposits of the past 130 years or so. Speaking with the German financial newspaper Finanz und Wirtschaft this month, Pierre says we’re seeing a significant slowdown in the number of large deposits being discovered . . . .

Last week, Gold had an amazing week, closing within a $10 high/low range all five days . . . .

Gold opened higher this morning on a softer U.S. Dollar and a small decline in interest rates . . . .

Bullion is often used as a safe haven in times of geopolitical and economic uncertainty, while riskier assets such as equities are generally sold off . . . .

Commodity prices stormed higher in the decade to 2012, fueled by a mismatch between Chinese demand and global supply, creating supply shortages that led to substantial gains in many commodity markets . . . .

The Gold price is behaving amazingly strong today . . . . 

With the U.S. Dollar now trading at a 2-month high and interest rates and equity markets strong, Gold remains on the defensive . . . .