Barry Stuppler
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Weekly Market Report 9/22/14
Some links to recent informative articles on precious metals and rare coins: Why Goldman Sachs is Wrong on Gold Gold imports soar 176% in India This Week’s Headlines: Gold Silver Rare Coin Update Recommended Investment Commitment and Diversification GOLD The bears continue to maintain control of the Gold market. Gold was able to rally up $12 early last week, reaching...(Read More) -
China’s long term gold plans
(Read More)China is far more adept than the capitalist West in looking to the long term and nowhere is this more apparent in its attitude towards gold . . . .
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Daily Market Report 9/19/14
GOLD The bears still have control of the Gold market, taking the price down to $1,213 per ounce earlier today. Trading volume is increasing daily and the combination of short sellers and bargain buyers is adding a lot of volatility to the price. At 11am PDT today, Gold is trading at $1,216 per ounce, down $10.50 per ounce on heavy...(Read More) -
Daily Market Report 9/18/14
GOLD After yesterday afternoon’s Federal Reserve statement on cutting back the quantitative easing, Gold quickly dropped $20 per ounce, reaching low of $1,216 (a 7-month low). Asian and European Gold demand was strong in overnight trading and the price moved up quickly to $1,226 just before the U.S. COMEX opened. At 11am PDT today, Gold is trading at $1,226.50 per...(Read More) -
Daily Market Report 9/17/14
GOLD Gold has traded in a very narrow $5 high/low trading range today, with $1,239 being the high and $1,234 per ounce being the low, on very light trading volume. There will be a breakout of this narrow range very soon and I give it a 70% chance that it will be lower. The breakout could come as soon as...(Read More) -
Why Goldman Sachs is Wrong on Gold
(Read More)Wall Street powerhouse Goldman Sachs has recently reiterated its negative view on gold, which it has held for the past year.
While I am in agreement with Goldman that the Fed will be the dominant force behind the price of gold, I believe the central bank will soon be back into the QE business, rather than raising interest rates and crushing the dollar price of gold . . . .
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Daily Market Report 9/16/14
GOLD This morning Gold reached $1,242 but couldn’t find buyers to support the breakout, so it fell back below $1,238 per ounce. Gold’s inability to rally back quickly after hitting yesterday’s low of $1,225 concerns me. I believe we will test the low of $1,225 again very soon. The last two times the Gold price turned short term bullish and...(Read More) -
Weekly Market Report 9/15/14
This Week’s Headlines: Gold Silver Recommended Investment Commitment and Diversification GOLD Gold decreased all five trading days last week, dropping below the important $1,250 per ounce support level; making trading a bit strange. I saw very light technical trader selling coming in to short the market. Normally, after a serious break of an important support level the margin call selling...(Read More) -
Daily Market Report 9/15/14
GOLD Gold is showing good consolidation at current price levels around the globe. After reaching a low this morning of $1,226 per ounce, Gold has shown excellent demand and price support today. At 11am PDT today, Gold is trading at $1,234 per ounce up $3 per ounce on good volume. SILVER Silver has stayed in a very tight $0.20 high/low...(Read More) -
Daily Market Report 9/12/14
GOLD Gold hit a new weekly low of $1,228 per ounce this morning in especially active trading for a Friday, before rallying back above $1,230 per ounce. The bears have control of the Gold market and they have the bulls on the ropes. I look for a turn upwards in the Gold price next week. I believe the bears may...(Read More)
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