Barry Stuppler

GOLD Gold broke below the $1,180 support level in early Asian trading and technical traders shorted the Gold market, driving it down to $1,172 per ounce. At that point bargain buyers appeared and rallied the price back up to $1,178. At 11am PDT today, Gold is trading at $1,176, down $10 per ounce on heavier than average volume. The International...

GOLD This morning Gold started with a brief rally based on a weaker U.S. Dollar versus the Euro. However, a report that inventory holdings declined from a major Gold ETF (SPDR Gold Trust) quickly drove the price lower, reaching $1,180 per ounce. Holdings in SPDR Gold Trust, the world’s largest Gold ETF, fell 4.18 tonnes (to 709.89 tonnes) on Tuesday...

GOLD Gold increased in early trading yesterday, reaching a high of $1,204.50 after an announcement that U.S. consumer spending stalled in April. After the rally, Gold fell back below $1,200 after the Dollar strengthened and reports that U.S. manufacturing activity picked up in May. This morning Gold opened strong in Asia and quickly moved up to $1,196. Selling then appeared...

Links to recent informative articles on precious metals and rare coins: China Inks Deals to Back Yuan with Gold Russia boosting Gold holdings as defense against ’political risks’ Will China go for a Gold standard? The jury is out!   This Week’s Headlines: Gold Concerns about Western Sanctions are driving Russia to buy Gold Silver Recommended Investment Commitment and Diversification...

GOLD This morning Gold briefly broke above the important $1,200 per ounce resistance level on heavy Asian buying. After reaching a high of $1,204.50, short term profit taking hit the market, driving the price down to $1,185 per ounce. At 11am PDT today, Gold is trading at $1,189 per ounce, down $1 on excellent volume. SILVER Silver rallied with Gold...

GOLD WOW, only a $7 high/low trading range today! Gold traded between $1,186 and $1,193 all day on normal Friday light volume. Gold appears to be consolidating in this trading range. The U.S. Dollar hit a 13-year high versus the Japanese Yen, and continues to remain strong versus the Euro. At 11am PDT today, Gold is trading at $1,190 per...

GOLD This morning Gold tested its $1,180 per ounce support level in Asian markets, reaching a low of $1,180.80 per ounce. At that point bargain and technical buyers appeared, quickly causing the price to move up $10 per ounce. At 11am PDT today, Gold is up $1 per ounce, trading at $1,188 on average volume. SILVER Silver continues to show...

GOLD Gold traded today in a very narrow $7 per ounce high/low range. At 11am PDT today, Gold is trading at $1,187 per ounce, down $1 per ounce on light volume. Dmitry Tulin, who manages monetary policy at the Russian central bank, explained that Russia is buying massive quantities of Gold based on fear that Russia’s overseas assets could be...