Barry Stuppler

During the 2008 financial crisis, gold was used in international settlements as a zero-risk asset after many decades of being sidelined in the monetary system. Since then the world’s central banks have been substantially increasing their official gold reserves . . . .

Gold has traded above and below the important $1,250 per ounce resistance level in a very tight $7 trading range

Unlike regular investors, billionaire money managers like Ray Dalio and Stan Druckenmiller are professional investors. They have entire institutional teams at their disposal, dive deep into the nuances and complexities of the market, and spend every waking moment of their lives thinking about how to get more from their investments . . . .

Do you believe all of the gold that is supposed to be at the Fort Knox bullion depository is there? Now would be a good time to ask President Donald Trump to open the vaults to the public as was done in 1974 when Gerald Ford was President . . . .

Gold is trading in a narrow $6.50 high/low trading range, between $1,241 and $1,248 per ounce . . . .

India’s gold traders stocked up anticipating a higher Goods and Services Tax (GST), pushing up imports of the precious metal & widening the country’s trade deficit to 30-month high in May . . . .

This keeps Russia in sixth place among global national holders of gold after China in fifth, but closing the gap given China seems to have ceased to report monthly gold reserve increases since last October . . . .

Last night, during Asian trading, Gold took a run at the important $1,250 per ounce resistance level . . . .

Gold was down after the Fed’s hike, but I expect it to start heading higher again. Too many powerful forces are driving it behind the scenes. Dwindling physical supply is a major one . . . .

Since February of 2017, Gold has traded between $1,201 and $1,298 per ounce. During that period of time Gold has made two attempts to break above the key $1,300 per ounce resistance level. The third attempt . . . .