Weekly Market Report

Gold’s reaction to higher rates only reinforces the fact that runaway inflation, currency depreciation, a roaring commodity market, and worldwide demand . . . . Barry Stuppler

Last week we saw President Biden ban Russian gas and oil, and the price of precious metals exploded higher . . . . Barry Stuppler

Last week the Gold price traded between $1,892 and $1,974 per ounce as news about the Russian/Ukraine war . . . . Barry Stuppler

We have just seen an extraordinary week of volatility in the precious metal markets . . . . Barry Stuppler

Gold closed last Friday at $1,899, up $57 per ounce for the week, mostly based on concerns over the Russia/Ukraine conflict . . . . Barry Stuppler

Last Friday at 3:02 PM EST, Gold had a strong and dynamic rally taking the price to $1865 per ounce . . . . Barry Stuppler

Last Friday was a key day in the ultimate direction of the Gold price. Gold closed Thursday right on the key $1,800 per ounce support/resistance level . . . . Barry Stuppler

To say that last week was surprising and highly disappointing is an understatement . . . . Barry Stuppler

Last week, the Dow Jones Average dropped 1,646 points, Bitcoin fell $8,500, while Gold increased $15 per ounce . . . . Barry Stuppler

I see a new all-time high for the Gold price within the first six months of the year . . . . Barry Stuppler