Barry Stuppler
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Gold Technically Oversold, Ready for a Price Reversal
(Read More)In more ways than one, 2016 was a roller coaster year. One need only look at gold’s performance to confirm this. After rallying more than 30 percent in the first half, the precious metal stalled in the days before the U.S. election, then retreated on a weekly basis, under pressure from a strengthening dollar and tightening monetary policy . . . .
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Gold prices likely to average $1,350 an ounce in 2017
(Read More)Swiss bank UBS looks for gold to average $1,350 an ounce in 2017, characterizing the metal as down but not out after significant price declines over the last few weeks . . . .
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Daily Market Report 12/28/16
GOLD Gold continues to stay in a narrow $8 per ounce high/low range. I believe this is very positive for Gold, as it shows that any year-end tax selling hitting the market is very light. At 11am PST today, Gold is trading at $1,141 per ounce, up $3 on light trading. SILVER The professional traders are active in the Silver...(Read More) -
Year-end could be great opportunity to buy Gold & Silver<br />Mint State Gold - Weekly Market Report 12/27/16
(Read More)Since the election of Donald Trump, the U.S. Dollar and interest rates have soared. During this same timeframe, financial, pharmaceutical and energy stocks have led the way in the world’s equity markets’ climb higher . . . .
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Daily Market Report 12/27/16
GOLD Gold tested the $1,150 resistance level in Asia this morning, reaching $1,149.60 per ounce before finding heavy selling. Right now, Gold is finding support above the $1,130 area. At 11am PST today, Gold is up $6 per ounce, trading at $1,138 on good volume. SILVER Silver can’t find buyers above the important $16 per ounce resistance level. At 11am...(Read More) -
Strongest Gold “Buy” Signal In 16 Years
(Read More)Debt issued behaves like printed money until that debt is payed back. That’s the dirty little secret that bona fide economists don’t discuss, at least in public . . . .
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Daily Market Report 12/23/16
GOLD Gold has moved up slightly this morning on news of banking problems in the European common market. During the next three days, there will be limited trading in the precious metal markets around the globe. At 11am PST today, Gold is trading at $1,132 per ounce, up $3 on low volume. SILVER After not holding above the key $16.00...(Read More) -
Daily Market Report 12/22/16
GOLD Disappointingly, Gold continues to trade in a tight trading range between $1,128 and $1,134 per ounce. Based on the strength of the U.S. Dollar, and precious metal trading it is likely we will see another test of the recent lows before year end. At 11am PDT today, Gold is trading at $1,129 per ounce, down $4 per ounce on...(Read More) -
India Said to Consider Lowering Gold Import Tax to 6% From 10%
(Read More)Tax raised three times in 2013 to curb higher imports. . . .
Demand seen shrinking in 2016 to the least in 7 years. . . . -
Daily Market Report 12/21/16
GOLD The strength of the U.S. Dollar along with increasing interest rates continue to keep Gold on the defensive. Gold is likely to stay defensive as we approach the end of the year and see year-end tax selling. $1,100 per ounce is a major support/buying level for Gold if we see any year-end sell off. Gold is trading in a...(Read More)





