Barry Stuppler

  1. ECB Preparing Broad Stimulus Plan, All Assets but Gold on the Table for Purchase

    The European Central Bank’s Governing Council expects to consider a package of broad-based asset purchases including sovereign debt next month. ECB President Mario Draghi said today that policy makers “won’t tolerate” a prolonged period of low inflation, and that officials discussed “all assets but gold” as potential targets for purchases  . . . .

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  2. Daily Market Report 12/4/14

    GOLD Gold is trading in a nice $13 range above the $1,200 per ounce support level. A little consolidation after Monday’s high volatility is very healthy for the market. At 11am PST today, Gold is trading at $1,207 per ounce, unchanged from yesterday on average trading volume. SILVER Silver is showing more price support and demand than Gold. At 11am...
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  3. Daily Market Report 12/3/14

    GOLD Gold traded today between $1.194 and $1,215 per ounce, finding good support. After Monday’s volatility it is very healthy for the price to stabilize above $1,200 per ounce. At 11am PDT today, Gold is trading at $1,207 per ounce, up $8 on average volume. SILVER Silver traded between $16.22 and $16.60 per ounce today, showing excellent support. At 11am...
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  4. Daily Market Report 12/2/14

    GOLD Today the U.S. Dollar strengthened significantly versus the Euro, coming down to $1.22 to 1. The strong dollar helped drive down the value of Gold to under $1,200 per ounce. Considering yesterday’s $80 Gold rally, a small correction would be expected. Gold has traded in the U.S. markets above and below the $1,200 per ounce level for most of...
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  5. Weekly Market Report 12/1/14

    Links to recent informative articles on precious metals and rare coins: WGC 2014 Q3 Gold Demand   This Week’s Headlines: Gold The Day Gold Turned Bullish Swiss Voters Reject Referendum to Increase Gold Reserves Silver Pre-order 2015 First Strike Silver Eagles Recommended Investment Commitment and Diversification   GOLD After having traded in the $1,180 to $1,207 range for over the...
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  6. Daily Market Report 12/1/14

    GOLD Today was truly a classic Intra-Day reversal with Gold bottoming out at $1,141 per ounce and then closing on or near the day’s high, on heavy trading volume. After Gold broke above $1,200 per ounce, all the short sellers began running to cover their positions and the price continued to more higher. Trading volume is at record levels in...
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  7. Daily Market Report 11/26/14

    GOLD Today, Gold traded in a very narrow $6 high/low price range, between $1,195 and $1,201 per ounce. The key Gold issue is this Sunday’s Swiss Referendum to increase the Swiss central bank’s ownership of Gold. It appears that the Gold market is discounting the possibility of this happening as more and more polls don’t show the needed support for...
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  8. Daily Market Report 11/25/14

    GOLD Gold continues to move above and below the $1,200 per ounce resistance level. Today’s trading was on heavy volume as many professional traders moved out of the December CME Gold contracts and into the February Gold contracts. Gold traded in a $12 high/low range, continuing to build a base for its breakout move above $1,200. At 11am PST today...
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  9. Weekly Market Report 11/24/14

    Links to recent informative articles on precious metals and rare coins: Russia Boosted Gold Reserves Last Month as Prices Declined Support for Swiss Gold Referendum wanes Dutch bring 120 tonnes of Gold back to Amsterdam from New York China cuts interest rates to spur growth, ease debt pressure   This Week’s Headlines: Gold THE HANDWRITING IS ON THE WALL Silver...
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  10. Daily Market Report 11/24/14

    GOLD For the past week Gold has been building a base in the $1,200 price area. This morning Gold rallied above the $1,200 price, reaching $1,204.60 before seeing sellers. With the U.S. Dollar trading higher versus the Euro and Yen, it isn’t surprising to see Gold trade in a narrow range. At 11am PST today, Gold is trading at $1,198...
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