Barry Stuppler

For most of today, the yellow precious metal is trading in the $1,280 range . . . .

Yesterday Gold reached a high of $1,305 before President Trump and Senator Mitch McConnell held a press conference to talk about the passage of Tax Reform legislation before year end . . . .

Last week was a great week for Gold investors. Gold rose $10 last Monday on excellent trading volume and never looked back . . . .

We are seeing good volume from Asian buyers today, supporting the important $1,300 level for Gold . . . .

The Central Bank of Russia has recently been buying bullion at an unprecedented pace. According to Argentine financial expert Gabriel Rubinstein, this policy is aimed at protecting the Russian economy in the event of crisis situations, including against dollar-related "manipulations" by the US . . . .

The Gold rally continued this morning as Asian buying took the price over the important $1,300 per ounce resistance level . . . .

Former U.S. Mint Director David J. Ryder, who served as the 34th chief executive of the nation’s coin producer, is President Trump’s intended nominee to become 39th director of the United States Mint . . . .

Many of the professional floor traders that I spoke with late yesterday and today are thinking Gold is back on the bullish trail . . . .

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 . . . .