Barry Stuppler

During the July 4th holiday, Gold moved higher, reaching $1,230 on the news of the North Korean missile launch . . . .

Last week Gold traded between $1,236.50 and $1,259 per ounce, closing at $1,242.30 per ounce on Friday, down $14 for the week. It was a disappointing week for Gold investors . . . .

Beginning of the end: The entire mining sector could be headed for closure as mining costs rise and production decreases . . . .

This morning Gold broke below the $1,230 per ounce 200-day moving average . . . .

India is the world’s largest consumer of gold . . . .

Going into a long holiday weekend, trading volume is weak . . . .

Many U.S. politicians believe the dollar is better than gold . . . .

Gold tested the support level, reaching a low of $1,239.50 before major buyers appeared . . . . 

Gold continues its fight to stay above the key $1,250 per ounce resistance/support level . . . .

Gold prices have climbed by around 8% year to date—close to what they gained for all of last year . . . .