Barry Stuppler

As the U.S. Dollar Index continues to fall (93.65), Gold continues to move higher . . . .

Yes, as hoped the price of Gold broke back above the key $1,250 per ounce resistance level this morning . . . .

Unlike the other big central bank buyer of gold, China, Russia is continuing to add to its gold reserves and reporting its increases . . . .

Gold picked up more than 2.4% since Monday, July 10, thanks to the fragility of the U.S. dollar. The rising momentum started last week, following the disappointing figure of U.S. CPI and retail sales while this week, U.S. President Donald Trump’s defeat helped it advance further . . . .

The Gold price has moved up gradually, from July 7th at $1,212 per ounce to today with Gold trading at $1,246 per ounce . . . .

In an timely piece, Rickards points out how the Federal Reserve is behind the curve, has “theories that bear no relation to reality” and has “blundered by raising rates.” This is happening at a time when the U.S. economy and stock markets are very vulnerable . . . .

Asian and European trading kept the price of Gold virtually unchanged . . . .

Sprott Inc, the precious metals-focused money manager, sees gold rising by the end of this year as weaker-than-expected economic growth drives stock prices lower . . . .

The Gold rally continues for the third straight day, up another $8 today on active trading . . . .

After reaching a low of $1,204 last Monday, Gold started on the road back to $1,300 per ounce . . . .