FLASH GAGE – Gold At Over 9 Month High

Flash Gage - News Headlines that Impact precious metals as they happen.

Strong buying out of the Far East overnight brought the price of Gold to a 9 month high.

Both the dollar and treasury yields heading south in a big way, fueling the price of gold this morning.

What started the rally overnight in the Far East was the firing of a missile by North Korea over Japan airspace. As the missile headed towards Japan the Japanese new agencies broke into every TV channel
telling everyone to take cover. Where will these types of provocations take the price of gold is anyone’s guess.

Equities down triple digits before the opening also giving gold a boost.

Strong inflows overnight in the gold ETF arena.

Overall the price of Gold seems to be operating on all cylinders.

Next level of resistance in the price of gold is $1,332.

Have a wonderful Tuesday.

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