Barry Stuppler

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 . . . .

Lower 10-year U.S. Bonds and a lower U.S. Dollar Index are helping Gold move above the $1,230 level today . . . .

The precious metal last week took support at lower levels and bounced back to trade above the important resistance level of $1,225 after the US Federal Reserve chair Janet Yellen spoke about growth projections of the US economy and further increase in interest rates . . . .

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 . . . .