BOTH GOLD AND SILVER SEE MASSIVE SELL-OFF AND BOUNCE BACK

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	Gold Center Of Gravity Moving From West To East
	For decades, London reigned supreme in the global gold market. Its vast over-the-counter (OTC) system, built on unallocated accounts, netted trades and trust in paper claims set benchmarks and kept most bullion circulating as a financial instrument rather than plain physical metal... Jan Krikke
	Gold Is Not Too High It Is Still Being Bid By the Ton
	Every market eventually asks the same uneasy question once price moves fast enough to rattle even the true believers... Stephen Innes
	JP Morgan Sees $6,300 Gold After Historic Crash
	Gold and silver just posted their worst declines in decades... Daily News Nuggets
	Gold Selloff Sparked By Fed Certainty, Not Warsh Selection
	Friday’s dramatic metals selloff – the largest liquidity event in market history – was catalyzed by sudden clarity about the future of the Federal Reserve, according to Rhona O’Connell, Head of Market Analysis for EMEA & Asia at StoneX... Ernest Hoffman
	JPMorgan Sees $8,000 Gold Price Before 2030
	As gold prices continue to smash records, analysts are now assessing the metal’s next potential destination, with JPMorgan outlining scenarios in which it could top the $8,000-an-ounce level in the coming years... Staff Writer
	Dollar Sinks To Four-Year Low Trump Brushes Off The Decline
	The U.S. dollar extended losses to sink to a four-year low against a basket of currencies on Tuesday... Reuters
	Can the Government Confiscate Your Gold? The Real Risks Of Owning Gold (And Why It’s Still Worth Owning)
	For thousands of years, gold and silver have served that purpose... Jim Brown

As I watched CNN International and the BBC during my trip to France, India, Egypt, and Jordan, it became clear that China is expanding its influence around the world through trade deals. These deals are targeted at former U.S. allies, first India and Egypt, then the U.K., and most recently Uruguay. China’s strategy is very clear. It is going after countries that the U.S. has hit with sizeable tariffs or threatened, offering them a strong trade alternative. China’s short-term goal is to profit from trade, but I believe its long-term objective is to replace the U.S. Dollar as the world’s reserve or reference currency. Twelve months ago, international trade was conducted 98 percent in U.S. Dollars. Today, that number is below 70 percent, and the value of the Dollar is reflecting this shift. The U.S. Dollar Index was 109.65 on January 1, 2025, and today it stands at 97.53, down 11 percent in one year and at its lowest level in the past four years. This is why the U.S. dollar debasement trade is gaining popularity with large financial institutions.

I recently read an extraordinary article by Jan Krikke that provides outstanding research on the history of reference currencies, how Gold trading is moving from London to Shanghai, and several other compelling facts. I have provided a link above to “Gold Center of Gravity Moving from West to East.” His research is well worth 20 minutes of your time.

Now, let me talk about last week’s trading. Gold reached a high of $5,092 early Wednesday morning in London before experiencing a serious correction. Gold dropped below $4,700 per ounce three times last week, hitting a low of $4,404, before bouncing back above $4,900 on excellent volume each time. As I have said numerous times, Gold needs to build a base in the $4,800 to $5,000 per ounce range in February. However, considering what could come out of the White House, Gold could easily move well above $5,000. This year’s volatility in the Gold market has reinforced my belief that prices are headed higher, potentially reaching $6,000 by the summer. Yes, we will have corrections, but they will represent excellent buying opportunities.

Today: A very explosive issue is the potential for China to move against Taiwan. Over the weekend, Japan stated very clearly that any action by China against Taiwan would trigger a response from Japan. On these concerns, Gold moved above $5,000 per ounce in India. Gold saw some profit-taking in London, but by the close of London trading, it reached a high of $5,048 per ounce.

Last week was not good for Silver investors. Silver reached a low of $63.98 in the U.S. on Friday after hitting a high of $91.90 earlier in the week. Friday’s low of $63.98 was shocking. However, Silver found strong buying late in U.S. trading and rebounded to $76.85 by the close, finishing down $8.30 for the week. Friday’s drop was partially caused by the sixth sharp increase in margin requirements imposed by the U.S. CME Group at the market open. I would like to see Silver trade in the $75 to $90 range for a period of time to help build long-term support.

Today: Silver reached a low of $77.89 in overseas trading last night before major buying emerged, pushing prices to a high of $82.59 per ounce. Trading volume in Silver is improving, and we should no longer see the sharp price drops experienced recently. Investors are now waiting for key economic indicators for clues on the Federal Reserve’s policy direction in the coming months. The Fed closely monitors both the labor market and inflation when setting monetary policy.

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Barry Stuppler has been a professional numismatist for over 60 years and is considered one the nation’s foremost experts in rare coins and precious metals. Mr. Stuppler is a past President of the American Numismatic Association (ANA) and Professional Numismatists Guild (PNG). He is currently chairman of the Federal and California State Gold & Silver Political Action Committees, and president of the
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