Barry Stuppler

The country’s gold and jewelry market has endured a sales slump following the introduction of value added tax . . . .

There is currently a wave of populism riding in Italy that is sure to bring more volatility to the markets, and with financial unrest comes a surge in gold, this according to Frank Holmes, CEO of U.S. Global Investors . . . .

With concerns that new U.S. tariffs could possibly cause a trade war, Gold rallied to $1,307 per ounce . . . .

Gold is trading in a narrow $9 High/Low range from $1,285 to $1,304 per ounce . . . .

Putin Warns: "US Sanctions Hurt Trust in Dollar as Reserve Currency"

Last Monday through Wednesday, Gold traded in a $10 High/Low range, between $1,286 and $1,296 per ounce. Then early Thursday, the President cancelled the North Korean summit and the stock market dropped 150 points but Gold/Silver rallied . . . .

A political crisis in Italy that is causing heavy selling on European equity markets has rolled into the U.S. Market, driving the Dow Jones down over 400 points . . . .

The markets are quiet ahead of the holiday weekend. 10-year interest rates have sold-off, but the U.S. Dollar Index is over 94 . . . .

The U.S. President cancels the North Korean summit, the stock market drops, and Gold and Silver rally . . . .

The U.S. Dollar Index briefly broke above the 94 level (highest value since 2011) and Gold sold off from the day’s high of $1,298 per ounce . . .