Barry Stuppler

A disappointing June Consumer Price Index report showing that retail sales were unchanged caused a rally in Gold and Silver today . . . .

Sprott Inc., the precious metals-focused money manager, sees gold rising by the end of 2017 as weaker-than-expected economic growth drives stock prices lower . . . .

Gold has traded today in a very narrow $8 high/low range, from $1,224 to $1,216 per ounce . . . .

Janet Yellen gave testimony to Congress today and stated that, “considerable uncertainty always attends the economic outlook” . . . .

The gold market rendered a quick dovish read on Federal Reserve Chair Janet Yellen’s prepared testimony to Congress . . . .

Gold was trading in New York this morning around $1,210 per ounce, then the Donald Trump Jr. email news was released and it jumped $5 per ounce . . . .

Last Monday, Gold dropped $23 per ounce, breaking below the important 200-day moving average of $1,230. Afterwards, Gold quickly dropped below $1,220, when the sentiment on the trading floor turned negative . . . . 

This morning Gold hit a low of $1,204 in Asian markets on heavy volume. It appears that was the Gold price bottoming out . . . .

Gold prices have moved moderately lower in the aftermath of a U.S. non-farm payrolls number that was a big miss to the upside. Gold initially pushed a bit higher right after the employment report, but those gains were short-lived. Gold prices had traded modestly lower overnight . . . .

This morning the U.S. Department of Labor stated that June employment increased by 222,000 workers, much higher than expected . . .