Barry Stuppler

Target picking is risky in an asset whose value is largely based on sentiment and prone to being "jawboned" into its proper place. But we believe for various reasons that if Gold does not pierce $1260 spot, its chances . . . .

Unbelievable, a $7 high/low trading range for Gold today, trading from $1,275 to $1,282 per ounce . . . .

In overnight Asian trading there was strong Gold demand, driving the price up to $1,289 per ounce for a short period of time . . . .

Billionaire hedge fund manager Ray Dalio didn’t just recommend gold last quarter. He bought a lot of it . . . .

Finally, a weaker U.S. Dollar has helped the Gold price move back above the $1,280 per ounce level today . . . .

Last week, Gold continued to trade in a narrow trading range between $1,271 to $1,281 per ounce. Many of the key financial indicators traded within a very tight range as the Gold price showed excellent consolidation . . . .

Gold has traded within a $5 high/low range today, from $1,275 to $1,280 per ounce . . . .

Russia has been expanding its gold reserves at a record pace, according to information from the World Gold Council (WGC). Russian business newspaper Kommersant suggests this gold rush will give Russia guarantees against sanctions and economic and geopolitical risks . . . .

A semi-holiday Friday has led to a lower Gold price, reaching $1,274 before finding support . . . .

Today, Gold is trading in a narrow $8 range, from $1,280 to $1,288 per ounce . . . .