precious metal trends

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% . . . .

Investors and silver stackers should position themselves for falling silver production around the globe . . . .

Some of the biggest billionaire investors on the planet are actively seeking out precious metals like gold as wealth protection insurance amid the uncertainty of the current geo-political climate . . . .

Investors seek refuge in safe-haven assets as geopolitical tensions send gold and silver prices above key resistance levels due to rising tensions over U.S. relations with Russia and North Korea  . . . .

Gold pushed to near a four-month high amid heightened political uncertainty in the U.S. and the EU this morning . . . .

Gold continues its 2017 rally, closing Friday at $1,236, up $16 per ounce for the week, and up $85 (7.4%) since the beginning of the year. Gold reached a new 2017 high of $1,246.60 last Wednesday. Interestingly enough . . . .

Gold got back on track last week,reaching a new 2017 high of $1,227 last Thursday, and continues to show excellent price support on high CME trading volume . . . .

Will the Trump Presidency be positive for gold, or not?  On balance, it could well be as Trump is a known believer in the place of gold in the global monetary system . . . .

SHARPS PIXLEY FORECASTS 2017 . . . .

Right now, gold is still caught in a trading range, but with a long-term bias toward exploding higher over the next few years to at least $5,000 an ounce . . . .