Barry Stuppler

It’s been tough going for many silver bullion investors who look back fondly on silver’s surge to nearly $50/oz in 2011 . . . .

Gold opened lower, reaching an early morning low of $1,322 per ounce based on raising interest rates . . . .

Yesterday’s surge in silver prices finally sprung the shiny white metal free from the congestion it was caught in for the past couple of months and suddenly brings to light the prospects of an important long-term breakout . . . .

Gold couldn’t move back above the key $1,350 level this morning and sellers jumped in, taking the price down to the low of the day . . . .

Gold reached a high of $1,354 in early trading today. When sellers appeared, the price couldn’t stay above the key $1,350 level . . . .

Finally, after four attempts in the last month, Gold has moved above $1,350 per ounce . . . .

With higher US inflation, a weaker US dollar and geopolitical tensions on the horizon, Wayne Gordon explains why he thinks gold prices will rise even higher in the long term . . . .

Global debt has now reached over 327% of global GDP, $237 trillion. Prior to the financial crisis it was less than $150 trillion. The amount by which it has surged in just one year is the same amount as the ballooning national debt of the United States . . . .

Today, Gold briefly broke below the $1,340 level and quickly rallied back on excellent demand . . . .

Gold has remained disappointedly range-bound through equity turmoil and rising geopolitical tensions. A flirt above $1360/oz last week was cut short by hawkish Fed minutes but more positive inflation prints could yet kick-start the returns needed to entice meaningful inflows . . . .