Barry Stuppler
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Daily Market Report 9/6/16
GOLD This morning Gold opened strong in Asian trading and continued that strength in European and U.S. markets. Gold demand from jewelry manufactures showed dramatic pick up after the August holidays. Gold reached a high of $1,352.20 on excellent demand. At 11am PDT today, Gold is up $24 per ounce, trading at $1,349 per ounce on heavy volume. SILVER Silver...(Read More) -
Avoid Paper Gold - “Gold Delivery” Refused by Gold Exchange Traded Commodity
(Read More)"Delivery of gold" has been refused by a popular German gold exchange traded commodity (ETC), Xetra-Gold, which is offered by Deutsche Bank, in the latest example of the risk of owning gold exchange traded commodities (ETCs), exchange traded funds (ETFs) and indeed most institutional gold investment offerings . . . .
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Daily Market Report 9/2/16
GOLD This morning’s weaker than expected U.S. Jobs report, showing an increase of only 151,000 jobs in August, was bullish for precious metals. This report strengthens the argument of those who say there will not be an interest rate hike anytime soon. After reaching a 2-month low of $1,302 on Thursday, Gold rallied this morning after the U.S. Jobs report...(Read More) -
U.S. Mint sells last 2016 American Eagle platinum bullion coins
(Read More)The 20,000-coin limit to authorized purchasers was reached Aug. 26. The U.S. Mint authorized a maximum production in 2016 of 20,000 American Eagle 1-ounce .9995 platinum bullion coins . . . .
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Daily Market Report 9/1/16
GOLD Gold reached a low of $1,302 in early Asian trading. At that point bargain buyers appeared and quickly took the price up $10 per ounce. As we approach the holiday weekend, it will be interesting to watch the Asian and European markets trading on low volume. At 11am PDT today, Gold is trading at $1,313 per ounce, up $5...(Read More) -
India preparing comprehensive gold policy
(Read More)This is the first time the government has taken such an initiative. It is to include the stated policy, setting up of gem and jewelry parks and regulations for testing and certifying agencies, to primarily address issues of the diamond industry . . . .
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China Can and Will Confiscate Gold From SGE, Banks & Chinese Citizens, When It Suits Them
(Read More)By far the greater bulk of gold owned in China is under the control of the Shanghai Gold Exchange, which is controlled by the Chinese Central Bank, i.e. The People’s Bank of China. Should they wish to confiscate their citizen’s and institution’s gold, it can be done overnight . . . .
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Daily Market Report 8/31/16
GOLD It appears that Gold is working its way down to the $1,300 per ounce major support level. Light trading volume (ahead of a holiday weekend) combined with a stronger U.S. dollar has resulted in a slow decline in the Gold price. At 11am PDT today, Gold is trading at $1,308 per ounce, down $5 on average volume. SILVER Silver...(Read More) -
Why Gold Could Be Worth $1,700/oz: Deutsche
(Read More)Gold dropped for a seventh day this morning, heading for the longest run of declines since May, trading at $1,319 an ounce . . . .
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Daily Market Report 8/30/16
GOLD A stronger U.S. Dollar and improving U.S. economic news drove the Gold price down this morning. As we approach the Labor Day holiday weekend, the trading volume is weakening. At 11am PDT today, Gold is trading at $1,313 per ounce, down $10 on light volume. SILVER Silver tried to break above the $19 per ounce resistance level this morning...(Read More)
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Gold & Silver Trading Around Support Levels ByJune 2 2026
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Gold’s Weak Hands Dumped, But the Strong Hands Never Left ByJune 2 2026
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Gold & Silver Testing Key Support Levels Again ByJune 1 2026
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Gold & Silver testing Key Support Levels Again ByJune 1 2026