Barry Stuppler

One major international global asset management firm says conditions are perfect for gold prices, comparing the market to a potential wildfire that is just waiting for the right spark . . . .

Unlike paper currency, coins or other assets, gold has maintained its value throughout the ages . . . .

It appears that after the October $65 selloff, Gold bottomed out at $1,246.90 on Friday Oct 14th. During last week, Gold traded above the important $1,270 resistance level twice  . . . .

Besides alerting us to how the expansion of fiat money is progressing, an objective of this exercise is to give some guidance on the price relationship with gold . . . . .

Gold futures have chalked up their best settlement so far this month and the precious metal seems to be defying analyst predictions that it will remain in a holding pattern until after the election. If gold was a funding bill, it would be getting bipartisan support . . . .

Jewelers are offering discounts of up to 50% on making charges to attract consumers in the ongoing festive season in the hope that the surge in rural demand will more than make up for the almost 10% higher gold prices this year, high import duties and a closer watch by the tax authorities on sales . . . .