Barry Stuppler

Gold hit a low of $1,305 this morning in Asian trading, then, like the four previous times this month, major buyers appeared and drove up the price $10 . . . .

Gold reached a low of $1,305 this morning when it looked like the President was going to extend the Iranian Nuclear agreement . . . .

Last week was definitely an important week for precious metal owners, full of adverse news and events for the Gold/Silver price . . . .

This morning, with the U.S. Dollar and interest rates moving higher, Gold is treading water and going nowhere . . . .

The U.S. Dollar continues to rally (Index over 92.50), April unemployment dropped to 3.9%, and - WHAT - Gold is higher . . . .

Gold continues to test its $1,300 per ounce support level and HOLD . . . .

A combination of higher interest rates (10-Year Treasury at over 3%, the highest in the past four years), and a stronger U.S. Dollar (Index is 91.43) kept Gold on the defensive last week . . . .

This morning, with the U.S. Dollar and interest rates moving higher, Gold has been on the defensive . . . .

Gold dropped to $1,315 in early Asian trading before finding bargain buying and short-covering . . . .

Gold broke down below the $1,320 level in early Asian trading, reaching a low of $1,313 before seeing strong buying . . . .