Barry Stuppler

Today Gold has traded in a very narrow $8 per ounce high/low range, from $1,292 to $1,284 per ounce . . . .

Large stashes are a handy weapon against currency jitters and US pressure . . . .

India’s gold imports in September rose 31 percent from a year ago as jewelers increased their purchases ahead of a festival at the end of the month, provisional data from GFMS showed . . . .

Supported by heavy Chinese bargain buying. . . . 

In the past month the value of the U.S. Dollar, interest rates, and the stock market have all moved higher . . . .

According to the People’s Bank of China – the country’s central bank – the Asian economic giant’s gold reserves have now remained unchanged for 11 straight months - indeed ever since the nation’s currency – the yuan or reminbi – was admitted by the IMF as an integral constituent of that entity’s Special Drawing Right (SDR) . . . .

This morning in Asian markets Gold saw lots of Chinese bargain buying, as the Chinese returned from their holiday . . . .

German investors had little interest in gold prior to 2008, but last year they spent over 6 billion euros on gold investment products . . . .

Today, Gold continues to trade in the $1,270 to $1,280 price range, looking for short-term direction . . . .

Gold reached a high this morning of $1,282, in its first attempted rally to break out of its recent narrow trading range . . . .