Barry Stuppler
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Daily Market Report 7/29/16
GOLD Yesterday’s rally continues with Gold briefly moving back above the key $1,350 per ounce level. There was excellent demand in Asian markets this morning. At 11am PDT today, Gold is trading at $1,353, up $18 per ounce on excellent volume. SILVER Silver tested the $20 support level this morning, reaching $19.95 per ounce. At that point, bargain buying appeared...(Read More) -
Daily Market Report 7/28/16
GOLD After yesterday’s Federal Reserve announcement, Gold initially headed lower, reaching $1,320 per ounce. When it was made clear that the Fed was dovish on the economy due to a poor durable goods number, Gold started to rally. There is some optimism now that the Fed could raise interest rates in September. It is more probable, however, that December will...(Read More) -
Daily Market Report 7/27/16
GOLD This morning Gold opened higher, reaching a high of $1,329 per ounce. After the Federal Reserve press release announced no change in interest rates, Gold dropped $4 in active trading. At 11:10am PDT today, Gold is trading at $1,322 per ounce, up $2 on active volume. SILVER Silver finally broke back above the key $20.00 resistance level, reaching $20.14...(Read More) -
Daily Market Report 7/26/16
GOLD Gold is trading in a narrow $10 per ounce range today, awaiting fresh news from this week’s Federal Reserve meetings. In Asian trading last night, Gold found excellent support at $1,314 per ounce. At 11am PDT today, Gold is trading at $1,320 per ounce, unchanged from yesterday on average volume. SILVER Silver is showing better price support than Gold...(Read More) -
Russia Adds 19 Tons of Gold to Reserves in June
(Read More)Over the past two years, Russia has led the world in adding gold to her central bank reserves, ahead of the People’s Bank of China, the central bank that has added the second largest of amount of gold . . . .
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Weekly Market Report 7/25/16
(Read More)Gold/Silver consolidation providing a great buying opportunity . . . .
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Daily Market Report 7/25/16
GOLD This morning, Gold is trading with light volume and reached a low of $1,312.30 per ounce. Gold is trading at a four week low while waiting for short term direction after the Federal Reserve meeting and statement later this week. At 11am PDT today, Gold is trading at $1,320 per ounce, down $4 on light volume. SILVER When Silver...(Read More) -
Sharia Law Change Could Add 1.6 Billion Gold Investors
(Read More)The gold market might soon find 1.6 billion new buyers when the Islamic world makes a clarification to its Sharia law . . . .
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Daily Market Report 7/22/16
GOLD Gold moved lower this morning on light trading volume. There was excellent support above $1,320 per ounce with a lack of sellers. At 11am PDT today, Gold is trading at $1,324 per ounce, down $7 on light volume. SILVER Silver tested the $20 per ounce resistance level this morning, reaching a high of $19.97 per ounce. At that point...(Read More) -
Daily Market Report 7/21/16
GOLD Today, Gold moved higher on excellent demand, reaching its recent trading range above the $1,330 per ounce level. At 11am PDT today, Gold is trading at $1,331 per ounce, up $12 on excellent volume. SILVER Silver followed Gold higher today, hitting a high of $19.81 per ounce. Physical and futures contract demand remains strong. At 11am PDT today, Silver...(Read More)
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