Barry Stuppler

After a Gold rally that lasted seven consecutive days, with Gold moving up over $40, its taking a breather today . . . .

Rising demand for silver in two of the world’s largest consumers, China and India, since the beginning of this year is seen raising hopes of a better price performance for the metal . . . .

It looks like the worst is behind us. The flash crash from the 7^th of July, cleared few stop loss orders for sure and many buyers were kicked out of the market . . . .

What a great week for Gold investors with Gold up all five days . . . . 

Not only are the Turks buying more gold at a substantially more aggressive pace than the Russians adding 950,000 ounces of the yellow metal in just three months, the purchases are also much more meaningful when you look at the bigger picture . . . .

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 . . . .