Barry Stuppler
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Daily Market Report 09/09/14
GOLD The gold bears made a move on gold this morning, driving down the price below the $1,250 support level, reach to $1,247 per ounce. At that point volume picked up and gold rallied to back above the $1,250 level. At 11am PDT today, gold is trading at $1,251 per ounce, down $5 per ounce in active trading. SILVER Silver...(Read More) -
Weekly Market Report 09/08/14
This Week’s Headlines: Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD The European Central Bank took a very aggressive stance last week to improve the worsening economic slump in the Eurozone countries. Last week’s stimulus announcement was an asset backed bond purchasing program along with a lowering of their key deposit and refinance interest rates. This...(Read More) -
Daily Market Report 09/08/14
GOLD As the U.S. currency soared against the Japanese Yen and the Euro Gold tested its $1,250 support level today, reaching $1,251.30 per ounce. Demand is strong, but the bears have the gold market on the defensive. At 11am PDT today, gold is trading at $1,256 per ounce, down $11 per ounce on heavy volume. SILVER Silver broke down earlier...(Read More) -
China gold demand picking up again?
(Read More)One of the depressing factors with regard to the gold price so far this year has been the reported fall-off in Chinese gold demand, although by world standards it remains pretty healthy. But there are now signs that it is beginning to pick up again . . . .
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Daily Market Report 9/5/14
GOLD In the face of the strongest U.S. currency versus the Euro, and Goldman Sachs restating their opinion that Gold will hit $1,050 per ounce this year, Gold keeps finding buyers above $1,250 per ounce. This morning’s disappointing August U.S. job’s data was also supportive of the Gold price. At 11am PDT Today, gold is up $1, trading at $1,267...(Read More) -
Daily Market Report 9/4/14
GOLD This morning the U.S. Dollar increased sharply versus the Euro after the European Central Bank cut interest rates to record lows to stimulate their economies. A very strong U.S. Dollar is a major negative for Gold (as American’s value Gold in Dollars) and Gold quickly fell to $1,264 per ounce, where it found excellent demand. At 11am PDT today...(Read More) -
Asia’s demand for gold keeps growing – but will it last?
(Read More)Will Asia still want gold as it gets richer? I was in Malaysia last week, speaking at a gold conference. To give you an idea of how important gold is considered to be out there, the prime minister was delivering the keynote speech. Can you imagine David Cameron giving a keynote entitled ‘Gold: Sustaining Future Growth’ over here? It just wouldn’t happen. The episode has got me thinking about the vastly different attitudes to gold between East and West – and that’s what I want to look at today. . . .
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Daily Market Report 9/03/14
GOLD Gold bottomed out yesterday at $1,261 per ounce on heavy trading with over 191,000 CME hundred ounce December contracts traded. Today, it’s bargain buying that is giving the Gold price support. At 11am PDT today, Gold is trading at $1,270 per ounce, up $5 on excellent demand. SILVER Silver hit a low of $19.07 per ounce, above the major...(Read More) -
Weekly Market Report 9/2/14
This Week’s Headlines: Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD Last week Gold traded in a narrow $22 high/low trading range on all five days. The high for the week was $1,297 per ounce, while the low was $1,275. The trading volume was low, due to light summer trading leading into a long holiday weekend...(Read More) -
Daily Market Report 9/02/14
GOLD This morning, the Dollar hit a one-year high against the Euro, based on an improvement in the U.S. Economy and actions by the ECB to weaken the Euro. This caused Gold to break down below $1,280 per ounce on heavy volume (over 100,000 December hundred ounce contracts) and quickly drop to the $1,260 area. It appears that Gold could...(Read More)
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