Barry Stuppler
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Daily Market Report 8/12/16
GOLD Both Gold and Silver rallied early in the day on weak U.S. economic data. On that news, Gold broke above the $1,350 level, but weekend selling drove the price back to $1,334. At 11am PDT today Gold is trading at $1,339, down $6 per ounce on good volume. SILVER Silver traded above $20 per ounce this morning on the...(Read More) -
A Perfect Storm for Gold?
(Read More)Ever since the Fed last raised its policy rate in December and has backed off further increases, asset markets (gold, commodities, bonds, stocks) have boomed in possible price bubbles . . . .
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Gold Has Now Entered Its Strongest Seasonal Period
(Read More)Investors should make use of gold’s lack of correlation with other assets, which makes it the best hedge against currency risk . . . .
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Daily Market Report 8/11/16
GOLD Gold briefly broke above the important $1,350 per ounce resistance level this morning on a weaker Dollar. However, when the Dollar rallied, the Gold price dropped below $1,350, reaching $1,340 before finding sizeable demand. At 11am PDT today, Gold is trading at $1,345 per ounce, unchanged from yesterday on average volume. SILVER Silver tested the very important $20 level...(Read More) -
Daily Market Report 8/10/16
GOLD Based on a weaker U.S. Dollar and the anticipation of some weak economic news in the next few days, Gold rallied this morning. Gold reached a high of $1,357 before seeing some short term profit taking. At 11am PDT today Gold is trading at $1,345 per ounce, up $4 on good volume. SILVER Silver finally moved back above the...(Read More) -
Daily Market Report 8/9/16
GOLD Gold reached its recent $1,330 per ounce support level in Asian trading this morning. At that price fresh buying appeared, quickly rallying the price up $8 to $10 per ounce. At 11am PDT today, Gold is trading at $1,341 per ounce, up $5 on excellent volume. SILVER Silver is trading actively between $19.58 and $19.89 per ounce today. Demand...(Read More) -
Weekly Market Report 8/08/16
(Read More)Gold & Silver price is consolidating in a narrow range . . . .
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Daily Market Report 8/8/16
GOLD Gold has been trading in a fairly narrow range between $1,332 to $1,339 per ounce after last Friday’s jobs numbers. Volume is above average, but I’m happy to see some stability after the dollar was affected going into the week. With all the growth Gold has experienced this year, it is healthy to see a pull back from time...(Read More) -
Daily Market Report 8/5/16
GOLD This morning, we found out that the U.S. non-farm payrolls increased dramatically to 255,000 jobs in July. This news caused the U.S. Dollar to rally sharply and for Gold to sell-off. I believe we will see Gold move back above the $1,350 level early next week. At 11am PDT today, Gold is trading at $1,340 per ounce, down $21...(Read More) -
Daily Market Report 8/4/16
GOLD This morning there was an interest rate cut by the Bank of England (BoE) from 0.5% to 0.25%. This was the first cut in seven years and a direct result of the economic crisis caused by BREXIT. This move by the BoE reaffirms Gold as the go-to asset in times of economic crisis, and the Gold price reacted positively...(Read More)
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