Barry Stuppler
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Daily Market Report 8/29/14
GOLD Gold traded today in a narrow $8 high/low price range, from $1,283 to $1,291 on light volume. With the long holiday weekend many traders want to have no position in the commodity markets. So, today we saw some light selling. At 11am PDT today, Gold is trading at $1,285 per ounce, down $4 on light volume. SILVER Silver sold...(Read More) -
Daily Market Report 8/28/14
GOLD As we move out of the summer months and head into the traditional heavy Gold demand period, Gold is moving higher. Starting in September, the Gold jewelry manufactures start acquiring Gold bullion to fill the holiday season demand. Asian Gold jewelry demand is expected to increase over the record 2013 levels. After hitting a low of $1,273 per ounce...(Read More) -
Currency Wars - Russia Not Declaring All Gold Reserves To IMF?
(Read More)The IMF’s latest international gold reserves data, updated yesterday, shows that in July, Russia raised its official gold reserves to 5.5 million ounces (1,104 tonnes). This confirms data released last week by the Central bank of the Russian Federation, which reported an increase of over 300,000 ounces from June’s 5.197 million ounces figure. IMF data is reported with a one month lag . . . .
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Daily Market Report 8/27/14
GOLD Wow, today Gold traded with a $7 High/Low range, from $1,280 to $1,287 per ounce. The trading volume was light with very little price volatility. This is very common for the summer months. I expect to see a sizeable increase in trading activity after the Labor Day holiday, as professional traders return back to the exchanges. At 11am PDT...(Read More) -
Daily Market Report 8/26/14
GOLD We saw some bargain buying in the Gold market this morning from India and China, driving up the price of Gold to $1,290 at one point. The volume is still moderate to low, which is common for the summer months. At 11am PDT today, Gold is trading at $1,284.50, up $6.50 per ounce. SILVER Silver rallied with Gold, reaching...(Read More) -
Weekly Market Report 8/25/14
This Week’s Headlines: Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD Gold has traded in a narrow $40 per ounce price range both above and below the $1,300 per ounce level since the beginning of this month. Gold closed on Friday at $1,280.20 per ounce, down $2.60, during the sixteenth trading day of August. Given the...(Read More) -
Daily Market Report 8/25/14
GOLD For the most part of the day Gold has traded in a narrow $5 price range, from $1,275 to $1,280 per ounce. Gold traded like a typical summer day on light volume with little firm direction. At 11am PDT today, Gold is trading at $1,278 per ounce, down $3 per ounce. SILVER Silver hit a low of $19.26 early...(Read More) -
Daily Market Report 8/22/14
GOLD Global bargain buyers appeared in the Gold market this morning, driving the price back above $1,280 per ounce. Geopolitical situations around the world, especially in Iraq and Ukraine, have worsened. At 11am PDT today, Gold is trading at $1,281 per ounce, up $5 on average volume. SILVER Silver continues to show excellent support above $19.30 per ounce, hitting a...(Read More) -
Daily Market Report 8/21/14
GOLD Gold sold off today as Federal Reserve minutes from the Jackson Hole, Wyoming meeting were released this morning. Those minutes show that the Federal Reserve reiterated its current plan to remove stimulus and is considering raising interest rates sooner than most expected. Gold initially sold off $22 per ounce, reaching a low of $1,272 before rallying back. At 11am...(Read More) -
Russia Boosts Gold Reserves by $400M to Highest Since ’93
(Read More)Russia added about 9.4 metric tons of gold valued at $400 million to reserves in July as it expanded holdings for a fourth consecutive month to the highest in at least two decades.
Russia’s reserves, which overtook those of Switzerland and China this year, almost tripled since the end of 2005 . . . .
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