Barry Stuppler
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Daily Market Report 4/29/15
GOLD A combination of this morning’s weak GDP report (showing that the first quarter only had growth of .02%) and today’s Federal Reserve report, should be negative for equities and the U.S. Dollar. Today, the U.S. Dollar fell to 1.11 versus the Euro and Gold moved up $6 from the $1,204 low. In today’s Federal Reserve report the Feds removed...(Read More) -
Putin’s Insatiable Appetite for Gold Fueled by These 3 Things
(Read More)The Russian economy continues to plummet into the nadir of despair as low oil prices drive the ruble to record lows. Recently, Russian President Vladimir Putin has been buying gold in droves. What is behind this current unquenchable appetite for the yellow metal . . . .
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Russia resumes gold stockpiling as rouble crisis eases
(Read More)Moscow-based central bank expected to slash rates this week as data show massive gold stockpiling in March . . . .
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Daily Market Report 4/28/15
GOLD With Gold breaking back above the key $1,200 resistance level yesterday, this morning there is a lot of professional short covering. Last Friday, Gold broke below the recent $1,180 to $1,220 per ounce trading range, which caused many professional traders to short Gold contracts. Today, with Gold firmly above $1,200, they are covering those short sales. At 11am PDT...(Read More) -
Weekly Market Report 4/27/15
Links to recent informative articles on precious metals and rare coins: Chinese and Indian Gold Buying: At the Peak since January 2014 China’s Stealth Gold Reserves To Quadruple as IMF Seek Answers Indian Gold Sales Surpass Expectations For Akshaya Tritiya – Analysts Currency Wars Back As Russia Buys One Million Ounces of Gold in March This Week’s Headlines: Gold...(Read More) -
Daily Market Report 4/27/15
GOLD After breaking below the $1,180 to $1,200 per ounce trading range and Gold reaching a low of $1,174 per ounce last Friday, this morning the Asian bargain buyers came back. Heavy demand caused Gold to move back above the key $1,200 level, reaching a high of $1,207.60 during trading. It is still very important that Gold move out of...(Read More) -
Daily Market Report 4/24/15
GOLD Gold tested its $1,180 support level this morning, reaching a low of $1,175.10 per ounce. Before most major Gold rallies, I normally see a clean out of weak investors holding exchange 100-ounce Gold contracts on margin. This clean out is quick, with high trading volumes, and causes panic stop-loss selling for one or two days. This creates a new...(Read More) -
Chinese and Indian Gold Buying: At the Peak since January 2014
(Read More)China and India’s gold buying activity increased the most in March 2015, according to data from the Swiss Federal Customs Administration. The data showed that China almost doubled its gold buying to 46.4 metric tons in March 2015. India also joined the party . . . .
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Daily Market Report 4/23/15
GOLD Today Gold appears to have rebounded from yesterday’s loss and is now fighting to break the $1,200 level again. Gold continues to consolidate in the $40 trading range from $1,180 on the low, to $1,220 on the high. In the not to distant future I do expect to see Gold break the $1,200 level as physical demand for Gold...(Read More) -
China’s Stealth Gold Reserves To Quadruple as IMF Seek Answers
(Read More)Enter the Dragon. China’s push to challenge U.S. dominance as the global economic superpower and to challenge the dollar as a global reserve currency involves gold – “a lot of gold” . . . .
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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