Barry Stuppler

Gold prices surged more than 1% higher on Tuesday, climbing back above the psychologically important $1,200 level amid increased safe haven demand as concerns over Italy’s fiscal issues hit financial markets . . . .

Italy’s budget turmoil is giving gold and silver an added haven-demand boost at a time when fund managers are rebalancing their asset mix . . . .

Today, Italy stated that they are thinking about increasing spending and cutting taxes to stimulate the economy . . . .

It’s now been 8 weeks that Gold has stayed between $1,180 and $1,220 per ounce . . . .

If history is a guide, Silver is currently closer to a short-term low than a high . . . .

A new trade agreement with Canada and Mexico caused a rally in the U.S. Dollar Index (over 95) and our equity markets putting pressure on all four precious metals today . . . .

It was announced today that average 30-year mortgage interest rates hit a seven year high of 4.66% . . . .

There has been a recent change for the better in central bank attitudes to gold . . . .

Late yesterday the Federal Reserve raised the Fed-Funds rate to 2.25% and signaled it was prepared to increase rates again in December . . . .

As we approach a Federal Reserve meeting which is expected to increase the fed funds rate by ¼ point, Gold and Silver has sold-off . . . .