Barry Stuppler

Market reaction to the latest turmoil in the While House shows that investors are losing patience with the Trump administration and this should continue to underpin precious metals this year, according to one commodity analyst . . . .

After an exciting week for Gold owners, with a $35 rally, Gold is settling into a nice trading range . . . .

Most tellingly, currency markets are again in a state of crisis – led by the “tell” of plunging emerging market and “commodity currency” nations . . . .

Gold prices raced higher as worries about political instability in the US swept financial markets . . . .

Gold traded near a two-week high as the disarray engulfing Donald Trump’s White House boosted the commodity’s allure as a haven, with equities in retreat and investors scaling back the odds of the Federal Reserve tightening policy next month . . . .

After yesterday’s $21 rally on top of Gold’s $20 increase in the previous five days, it’s time for a small bit of consolidation . . . .

The markets are reacting to the turmoil with the equity markets falling, U.S. Dollar Index breaking below the 98, and 10-year Treasury bond yields dropping . . . .

Gold is up today, the fifth day in a row, reaching a high of $1,239 per ounce . . . .

Spot precious metals are up an average of 0.4% this morning, Tuesday May 16, gold prices are up 0.2% at $1,233.50 per oz, the rest are all up 0.5% . . . .

Last week we saw the turn in precious metal prices. Gold made a new 60-day low last Tuesday at $1,214 per ounce before heavy trading volume started pushing the Gold price higher . . . .