Barry Stuppler
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Daily Market Report 5/15/15
GOLD Yesterday’s weak economic data (with the U.S. Producer Price Index falling by .4% in April) helped precious metal prices. This news, combined with a weaker U.S. Dollar, helped Gold break above the 200-day moving average of $1,218, as it recorded an intra-day high of $1,228 per ounce. Today Gold is showing excellent global support above the $1,220 per ounce...(Read More) -
Germans pile into gold amid Greek Eurozone default fears
(Read More)Economic uncertainty in Europe and fear of a Greek default are turning people to buy gold bars and coins . . . .
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Daily Market Report 5/14/15
GOLD This morning the World Gold Council (WGC) released the official Gold supply and demand numbers for the 1st quarter of 2015. The report showed that investment demand increased to 278.8 metric tonnes from 268 metric tonnes in the 1st quarter of 2014. The WGC report also showed that Gold Exchange Traded Funds (ETFs) increased their holdings by 25.7 tonnes...(Read More) -
Daily Market Report 5/13/15
GOLD Gold moved back above the key $1,200 per ounce resistance level, reaching a high of $1,219. The move up was based on this morning’s report from the Bank of England. The report stated that Greece is ’Not Complacent’ on its debt and the risk of default is high. European Union data confirmed today that Greece slipped back into recession...(Read More) -
Why China Is Taking Control of Physical Gold Pricing
(Read More)The Chinese have always been in love with gold. And this year especially China is taking several steps to rattle gold markets ... Estimates say China has amassed thousands of tons of gold reserves that could rival the United States in the future . . . .
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Daily Market Report 5/12/15
GOLD A weak U.S. Dollar combined with fresh demand has driven the Gold price higher on the Asian markets this morning. Gold reached a high of $1,197.60 per ounce this morning, then light selling came in before Gold reached the important $1,200 resistance level. At 11am PDT today, Gold is trading at $1,194 per ounce, up $10 on better than...(Read More) -
China Goes After Dollar with Gold Fix
(Read More)For the gold bugs out there, a quickie: China is launching a facility that allows the yuan’s value to be fixed against gold . . . .
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Weekly Market Report 5/11/15
Links to recent informative articles on precious metals and rare coins: Is Russia Moving to a Gold-Backed Currency? Key Components of Global Silver Demand Rose in 2014 This Week’s Headlines: Gold Silver Recommended Investment Commitment and Diversification GOLD Last Friday Gold closed at $1,188.90 per ounce, up $14.40 for the week. The Gold closing price stayed in a...(Read More) -
Daily Market Report 5/11/15
GOLD This morning Gold tested the $1,180 per ounce support level, reaching $1,178.80, then quickly rallied back above it. The Gold price continues to stay in a narrow trading range. At 11am PDT today, Gold is trading at $1,184 per ounce, down $5 on average volume. SILVER Silver, like Gold, is range bound, trading between $16.20 and $16.60 per ounce...(Read More) -
Silver no longer the poor man’s gold as solar demand surges
(Read More)Silver has been mined for thousands of years. But for most of the 20th century it was the poor man’s precious metal, its value eclipsed by the enduring lure of gold . . . .
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