Barry Stuppler

Gold has been fairly quiet this morning in part from the anticipation of the latest Fed news . . . .

If you’ve been waiting for the U.S. unemployment-inflation relationship to reassert itself, 2018 may be the year for you . . . .

Arguably Chinese gold demand, which remains high according to almost all accounts, tends to be a stabilising influence on the gold price with the twice-daily Shanghai fixes having their own impact is steadying price rises and falls . . . .

Gold ended its short-term bearish decline last week, rallying $40 per ounce for the week. Gold closed last Friday at $1,353.20 per ounce, above the key $1,350 support level . . . .

A strong U.S. Dollar caused Gold to decline in Asian and European markets this morning

Long after the Americans finish celebrating New Years and begin to renege on resolutions, the Chinese are just getting started. While the Chinese “Spring Festival” has not caught on with the rest of the world, the impact of this Chinese tradition offers average Americans a unique opportunity to benefit here in the USA . . . .

Gold showed some resistance and short-selling this morning when the price moved over $1,360 per ounce . . . .

While all eyes have been on gold’s massive rally Wednesday, the bigger play to come, according to some analysts, could be in silver . . . .

Gold tested the $1,350 per ounce support level, reaching a low of $1,348 in early trading . . . .

Gold remains one of the more "normal" trades this year - following seasonal patterns rather well. It has always been a case that gold tends to strengthen ahead of the Chinese Lunar New Year, and this year seems no different . . . .