Barry Stuppler

Gold demand saw a revival in the financial year 2017-18, over the preceding fiscal, 2016-17, according to analysts. In fact, the import of the yellow metal stood at 74 metric tonnes (MT) in FY2017-18, increasing from 62 MT in FY2016-17, an increase of 19% year-on-year . . . .

After a sharp selloff in the U.S. equity markets and an excellent increase in the precious metals price yesterday, we are seeing a small correction . . . .

The concept of denuclearization of the Korean peninsula was the primary topic of the financial markets last week . . . .

This morning in Asian Gold markets, there was excellent demand . . . .

Since it’s Good Friday and the start of Passover, the U.S. Markets are closed today . . . .

The country is shrinking its tax base just as interest expenses surge and social programs get harder to cut . . . .

Gold is trading in a very tight $7 high/low range today, between $1,328 and $1,321 . . . .

The 4th quarter of 2017 GDP was revised today and in it increased to 2.9%. This caused the Gold price and stock markets to start moving lower . . . .

In a January post, I showed how the price of gold rallied in the months following the 2015 and 2016 December interest rate hikes – as much as 29 percent in the former cycle, 17.8 percent in the latter. Gold ended 2017 up double digits, despite pressure from skyrocketing stocks and massive cryptocurrency speculation . . . .

The silver futures Commitment of Traders (COT) report released last Friday was extremely positive and has most silver analysts calling for higher silver prices in the near term . . . .