Barry Stuppler

GOLD Today was Gold’s second attempt to break above the key long term resistance level of $1,300. It reached $1,302.60 for today’s high, trading actively between $1,295 and $1,302 on short term profit takings, but closing strong. At 11am PDT today, Gold is trading at $1,300.50 per ounce, up $10 per ounce on good volume. The issue of what China...

Concerns about high debt and an overvalued currency are sucking gold imports into China, according to a new report from Lombard Street Research.

It adds that the authorities may possibly be moving in the direction of using gold in a plan to make the Yuan an international currency. . . .

GOLD Over the past year, many of the professional commodity traders (PCT) have developed a strategy of shorting (selling) Gold on any rally, then covering the short sale (buying back) when it drops. This was a profitable strategy during 2013. Now, having talked to a number of these PCTs, I see they are beginning to re-think this strategy and have...

GOLD Today, Gold rallied to $1,293 per ounce, the highest level since Nov. 14th 2013, and its highest price for 2014. Next stop is $1,300 per ounce and if/when that happens, many of the professional commodity traders will turn bullish. At 11am PDT today, Gold is trading at $1,290 per ounce, up $16 on excellent volume. China’s Gold consumption jumped...

This Week’s Headlines: Gold Physical Gold is Still Moving from West to East 2014 44-Page Gold Booklet is Being Mailed Out This Week Silver Recommended Investment Commitment and Diversification GOLD After the January $37.90 per ounce (3.15%) increase in the Gold price, February began with a rally, up $23.10 per ounce (1.87%) in just the first week. Gold has tested...

GOLD Gold rallied this morning, moving above the key $1,270 per ounce level and fresh buying from Asia. Demand continues to be strong, while trading for most of the day in a narrow $8 per ounce range between $1,270 and $1,278. At 11am PDT today, Gold is up $10 per ounce, at $1,274 on excellent volume. SILVER This morning, silver...

GOLD Today the Labor Department reported that U.S. employment growth for January was 113,000 new jobs, the slowest since January 2011 -- economists had expected 178,000 new jobs. This report is fueling speculation the Federal Reserve will not further reduce its stimulus. This news caused Gold to immediately rally breaking through the $1,270 per ounce resistance level until professional commodity...

GOLD Gold continues building its base, actively trading between $1,250 and $1,270 per ounce. Today’s COMEX Gold trading was relatively quiet around the $1,257 price level, awaiting direction from tomorrow’s official Jobs data. At 11am PDT today, Gold is unchanged, trading at $1,257 per ounce on average volume. SILVER Silver made another attempt to break above the $20 per ounce...

GOLD Based on the disappointing ADP employment numbers for January, Gold rallied this morning, reaching $1,273 per ounce at one point. Gold couldn’t hold above the $1,270 per ounce level and quickly retreated to $1,255 per ounce. The ADP employment numbers showed an increase of 175,000 jobs in January (down from 227,000 in December), the lowest increase in five months...

GOLD For most of the day, Gold has shown excellent support over the $1,250 per ounce price level. A bounce back in U.S. equities and a stronger U.S. Dollar have caused some commodity traders to take some short term profits in Gold. It would be very bullish if Gold could build a base above the important $1,250 support level for...