Barry Stuppler

In late morning trading the Gold price started a rally, quickly moving back above the $1,300 support/resistance level . . . .

His prior forecasts noted that countries around the world would soon stop trading commodities like oil in the U.S. dollar, something we’re already seeing with China, Russia, Iran, and Venezuela, all of which are preparing non-dollar, gold-backed mechanisms of exchange . . . .

Gold traded today in a very narrow $7 high/low range, from a high of $1,298 and a low of $1,291 per ounce . . . .

The Gold price dropped to its lowest level in over three weeks ($1,288) this morning after the Federal Reserve meeting yesterday . . . .

Bridgewater Associates founder Ray Dalio, the 68-year-old founder of the world’s largest hedge fund (160 billion under management), said bitcoin is "in a bubble" during an interview on CNBC Tuesday morning, arguing that the so-called currency is too difficult to spend, and too volatile to be a useful store of value . . . .

The Federal Reserve ended a two-day meeting today with a statement confirming a high probability of an interest rate increase in December . . . .

Gold showed increased demand this morning when it hit its low of $1,305.70 per ounce . . . .

According to GJEPC data, the gold bar imports by the country jumped higher by nearly 40% in August this year . . . .

Last week Gold traded between $1,316 and $1,340 per ounce, as it continued to build a base after recent gains, taking it above the important $1,300 level . . . .

This morning the U.S. Dollar continues its recent move higher and interest rates have ticked higher, causing the world’s equity markets to move higher and Gold to move lower. . . .