Barry Stuppler

The U.S. Dollar Index sells off after meeting resistance at the 95.00 level and precious metals move higher . . . .

As we’ve noted in our just published article on the Shanghai Gold Exchange’s October figures, Asian gold demand this year to date is definitely trending higher . . . .

Beginning in November of 2017, the APMD will begin offering specially minted one-ounce .999 fine silver bullion rounds to collectors and investors . . . .

A strong U.S. currency continues to put pressure on precious metal prices . . . .

Last week, Gold traded in a narrow range between $1,268 and $1,277 per ounce, down $3 for the week. Although Gold is still up $118 since the beginning of the year, it sold off $82 in the past two months . . . .

More countries buying Gold continues to dominate the bullion news . . . .

Central banks are hoarding gold. China, Russia and many Asian and West Asian central banks have started accumulating gold. Now that the fashion of hoarding gold is back, let us see the fundamental reasons behind it . . . .

The U.S. Labor Department’s October employment number came in today at 261,000, making the unemployment rate only 4.1%, a 17-year low . . . .

Demand for physical gold was lacklustre in top consumers India and China this week, while the lure of the metal remained stable in Singapore, but India’s peak wedding season is expected to usher in renewed interest for bullion in coming weeks . . . .

Gold reached a high of $1,284 in early morning trading then there was some short-term profit taking and professional selling . . . .