Barry Stuppler

Another government shutdown could be coming down the pike if Congress doesn’t give in to President Trump’s demands for border wall funding. But no matter how the situation plays out, it could be a unique win-win situation for precious metal owners . . . .

Gold closed above the $1,300 resistance level yesterday and has traded in the $1,326 to $1,312 range for most of the day . . . .

Gold hit a 10-month high in midday trading as it burst above the $1,300 level and never looked back . . . .

2 million ounces of gold were dumped on the gold market in a minute on Friday, just ahead of Janet Yellen’s speech at Jackson Hole – and, apart from a brief downwards spike to below $1,280, the gold price rapidly climbed back to unchanged.  This has to be an incredibly bullish signal for gold in that even this amount of presumably paper gold thrown at it (62.2 tonnes) couldn’t keep the gold price down . . . .

Dollars are created as debt. More dollars in circulation = more debt. More debt means consumption is “pulled forward” from the future so consumption can occur now. This usually ends badly . . . .

There is no denying gold is viewed as a safe-haven asset; the metal recently rallied on heightened uncertainty in the marketplace. And, to one executive in the gold space, investors should look to get their hands on physical gold right now . . . .

If winning the Power Ball is ever in your fortune, don’t forget to invest at least 10% of that into gold, but make sure to store it in different countries, as government confiscation of the bullion is never completely out of the realm of possibilities, advises financial commentator Jim Cramer in his latest post . . . .

Germany’s central bank completed its plan to repatriate the country’s gold reserves from New York and Paris, three years ahead of schedule . . . .

Gold saw some slight profit taking in early trading today but remains steady . . . .

Despite significant US dollar weakness, gold price performance has been muted recently. It has been held back by factors such as a rebound in real interest rates and increased stability in the Chinese yuan, which has dampened near-term investment demand for gold in China . . . .