Barry Stuppler

With China’s strong economic growth in the first quarter of this year, jewelry demand in that country also increased, but platinum jeweler demand lagged behind other jewelry segments owing to a lack in innovative product and market-wide marketing support, says Platinum Guild International . . . .

Gold continues to stay in a very tight $7 high/low trading range . . . .

There is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony . . . .

Gold continues to trade in a tight $8 high/low trading range . . . .

Next week is the two-day FOMC meeting followed by a press conference. Presumably there will be a 25-basis point rate “hike” on Wednesday, June 13th at 2:00 p.m. EST . . . .

Gold briefly broke back above the key $1,300 per ounce level this morning on fresh buying . . . .

Gold doesn’t want to go down. They took it below $1,290 this morning, but major buying appeared and the price quickly jumped $5 per ounce . . . .

What does it Indicate?

Global trade war very positive for gold . . . .

Most of last week, Gold traded above and below the important $1,300 per ounce support/resistance level. Gold ended last week at $1,295 per ounce, down $8 on normal volume . . . .