India Is Buying Gold

India has joined countries like Russia and China buying gold in an attempt to diversify reserves away from the US Dollar:

"The Reserve Bank of India has jumped on the gold bandwagon. Since December 2017, the Indian central bank has added 50.4 tons of gold to its reserves. India bought 8.2 tons of gold in January and February of this year and analysts project that pace to pick up. India’s gold reserves currently stand at a record high of almost 609 tons, according to data from the IMF."

Related trading tickers: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)

Russia Continues Buying Gold

The Russians bought more gold last month as they continue to try to minimize exposure to the US Dollar.

"The Central Bank of Russia added another 18.7 tons of gold to its stash in March according to a press release last week. This boosts the country’s gold reserves to 2, 167.9 tons or 69,700,000 ounces. Gold now makes up about 18% of the Russian central bank’s reserves."
- in Schiff Gold

“Vladimir Putin’s quest to break Russia’s reliance on the US dollar has set off a literal gold rush.” 
- in Bloomberg

Related trading instruments: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ)

Crude Oil Will Put Pressure On The U.S. Economy

This is going to add additional downward pressure to the US Economy while putting upward pressure on the measured rates of inflation and maybe putting more pressure on the Federal Reserve to raise interest rates which is the last thing Donald Trump wants the Federal Reserve to do.