Barry Stuppler
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Gold up on safe-haven buying after Malaysian plane downed
(Read More)* Malaysian airliner crash intensifies Ukraine tensions
* U.S. imposes more sanctions on Russia
* Investors monitor Israeli ground offensive in Gaza
* Coming up: U.S. consumer sentiment FridayNEW YORK/LONDON, July 17 (Reuters) - Gold surged 1.5 percent on Thursday as investors sought shelter in the precious metal on fears of further turmoil after news that a Malaysian passenger jetliner had been downed in Ukraine. . .
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Daily Market Report 07/17/14
GOLD Gold has rallied back above the important $1,300 per ounce resistance level today, trading between a high of $1,324.90 and a low of $1,300.90 per ounce. At 11am PDT today, Gold is up $16.60 per ounce, trading at $1,317.40 on normal volume. SILVER Silver did finally move back above the $21 per ounce resistance level today, reaching a...(Read More) -
Daily Market Report 07/16/14
GOLD Gold has traded in a narrow $10 trading range today, between $1,293 and $1,303 per ounce. The bulls in the Gold market are fighting to keep the spot price above the key $1,300 price level. At 11am PDT today, Gold is up $2 per ounce, trading at $1,299 on normal volume. SILVER Silver could not move back above...(Read More) -
Daily Market Report 07/15/14
GOLD Yesterday’s $30 decline in Gold was the largest one day loss this year. What does that mean? Despite the fact we are in the summer months, normally a quiet time, it means the volatility in the Gold market is picking up. After Gold’s $90 increase in six weeks, having a 1/3 correction is acceptable, especially if Gold can hold...(Read More) -
Daily Market Report 07/14/14
GOLD Gold sold off this morning, reaching a low of $1,302 per ounce. We have major support at $1,300 per ounce, while the 100 Day Moving Average is at $1,304. After the recent $90 rally in Gold, it isn’t surprising to have a 1/3 correction, but the clear direction is higher. At 11am PDT today, Gold is trading at $1,306...(Read More) -
Daily Market Report 07/11/14
GOLD The Gold rally moved higher, closing up for the sixth week in a row. Since May 30th, Gold has increased $90 per ounce (7.2%) on excellent volume and continues to have a positive trader outlook. As for today, Gold has stayed within a very narrow $6 range all day, trading between $1,333 to $1,339 per ounce, showing excellent price...(Read More) -
Daily Market Report 07/10/14
GOLD Gold broke out this morning, moving above its recent trading range between $1,305 and $1,332 per ounce. At one point in early Asian trading, Gold reached $1,345 per ounce before seeing some light selling. At 11am PDT today, Gold is trading at $1,337 per ounce, up $14 on excellent volume. Chinese economy coming back strong Chinese exports rose...(Read More) -
Daily Market Report 07/09/14
GOLD Déjà vu all over again, as Gold continues to consolidate in its new and higher trading range between $1,305 and $1,332 per ounce. This morning, the high/low price range was only $10, from $1,317 to $1,327 per ounce. At 11am PDT today, Gold is trading $1,323 per ounce, up $6 per ounce on average volume. SILVER Silver spent...(Read More) -
Daily Market Report 07/08/14
GOLD Gold continues to build a nice base between $1,313 and $1,325 per ounce on average volume. At 11am PDT today, Gold is trading at $1,317 per ounce, down $1 per ounce. SILVER Silver has been trading above and below the $21 support level, reaching a low of $20.88 and a high of $21.22. At 11am PDT today, Silver...(Read More) -
German gold reserve will remain in U.S after positive audit
(Read More)Last year, Germany blew up headlines when its central bank – the Bundesbank – announced that it was planning to repatriate its gold from the United States Federal Reserve, the Bank of England and the Banque de France. The Bundesbank owns nearly $200 billion worth of gold, but only a third of it is stored in Frankfurt. . .
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