Barry Stuppler
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Kennedy Gold Coin becomes a Numismatic Disaster
(Read More)On August 5, 2014 at 12pm Noon EST, the U.S. Mint began to sell a Kennedy .999 Gold Half Dollar to commemorate the 50th Anniversary of the 1964 John F. Kennedy Half Dollar. The morning of August 5, I was able to see the buyer’s line (which began forming at 2am) with over 800 people already in line. Many of the buyers in this line were bused in by large retail dealers who had been offered up to $500 to stand in this line and buy the one coin . . . .
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Daily Market Report 08/08/14
GOLD Gold hit $1,323 earlier this morning before seeing some short term profit taking. The Gold price is showing excellent support above $1,310 per ounce. At 11am PDT today, Gold is trading at $1,310, unchanged from yesterday on normal Friday type volume. SILVER Silver is fighting to get back above the $20 per ounce level, reaching a high, at...(Read More) -
Daily Market Report 08/07/14
GOLD Gold is trading today in a narrow $7 per ounce trading range between $1,302 and $1,309 per ounce. The negative effects of a strong U.S. Dollar in the world’s foreign exchange markets are being offset by the Russian build up of troops at Ukraine’s western border. The $1,300 per ounce support/resistance level has been very important to Gold’s short...(Read More) -
Daily Market Report 08/06/14
GOLD Gold futures jumped $22 and moved back above the important $1,300 per ounce level today, the most in six weeks in New York. Signs of escalating tension between Ukraine and Russia fueled today’s demand for precious metals. The strong Gold demand based on the Ukraine/Russian event countered the recent strength in the U.S. Dollar. This suggests outside geo-political influences...(Read More) -
Central banks continuing to boost gold reserves
(Read More)Given the crisis in Ukraine and deteriorating ties with the West, Russia has been aggressively accumulating gold reserves. The IMF, in its recently released International Financial Statistics report, showed that the Russian central bank has hiked its gold holdings by 16.8 tonnes to 1,094.8 tonnes in June.
Indeed, most central banks are increasing their gold reserves, IMF data showed. Russia, Mexico, Kazakhstan, Kyrgyzstan, Tajikistan, Serbia, Greece and Equador have all reported higher gold reserves for June . . . .
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Daily Market Report 08/05/14
GOLD For the most part of today’s trading, Gold is showing excellent support in the $1,284 to $1,288 per ounce price range. Trading volume on the U.S. and overseas markets is about normal for a summer month. At 11am PDT today, Gold is trading at $1,285 per ounce, down $1 per ounce. SILVER Silver broke below the important $20...(Read More) -
Daily Market Report 08/04/14
GOLD Gold has traded in a narrow $10 High/Low price range today, showing excellent consolidation. Gold reached a high of $1,295.90 and the low was $1,286 as we try to build up some momentum to break though the $1,300 per ounce resistance level. At 11am PDT today, Gold is trading at $1,289.60 per ounce, down $5.60 per ounce on average...(Read More) -
Daily Market Report 08/01/14
GOLD Today, Gold is trading in a narrow price range after hitting a five-week low yesterday. The Gold chart has turned technically short term bearish. Upbeat U.S. economic data released Thursday and the recently rallying U.S. dollar index that hit a six-month high this week were bearish weights on the Gold and Silver markets. I really would like to see...(Read More) -
Daily Market Report 07/31/14
GOLD I am really having a difficult time understanding why Gold sold off 1% today, with what is happening around the world. This could just be a temporary setback, because historically, Gold increases when geopolitical crises and wars are happening. $1,285 per ounce is an important support level and Gold hit a low of $1,281 this morning. At 11am PDT...(Read More) -
Daily Market Report 07/30/14
GOLD During today’s trading, Gold has fallen below the $1,300 support level, while struggling to stay above the 50-day moving average at $1,294. Yesterday, more economic sanctions where placed on Russia, but this did little to support Gold and even though geopolitical tensions remain very high, Gold is beginning to feel a bit tired and vulnerable to test the $1,285.00...(Read More)
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Both Gold & Silver break below key support levels ByJune 24 2026
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Gold & Silver testing key support levels ByJune 23 2026
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China’s gold imports surge to most in more than two years ByJune 23 2026
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