Barry Stuppler
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Daily Market Report 1/6/14
GOLD Today, Gold is holding firm in the $1,230 to $1,245 per ounce price range on excellent volume. Strong physical demand continues to be reported from Asia, especially China, which is helping support current levels. At 11am PDT today, Gold is trading at $1,240 per ounce, up $3 per ounce on strong trading volume. JP Morgan has just sold the...(Read More) -
Weekly Market Report 1/6/14
This Week’s Headlines: Gold Silver Major Rare Coin Convention in Orlando, FL Pre-order 2014 First Strike Silver Eagles Recommended Investment Commitment and Diversification GOLD Last week we saw the end of ’year-end tax loss’ and ’window dressing’ selling. The volume of trading had increased 70% from the previous week, and the trading volatility of December 31 is very noteworthy. The...(Read More) -
Gold purchases surge in China as prices slump in run-up to Spring Festival
(Read More)Many shops selling gold in Beijing are catering to a steady stream of customers interested in buying the precious metal after gold prices started decreasing.
International gold prices were at US$1,696 per ounce at the beginning of 2013, but have fallen by 28% to less than US$1,200 on Dec 31, 2013, the largest drop since 1981 . . . .
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Daily Market Report 1/3/14
GOLD Demand continues to grow on the world’s Gold exchanges, with Gold rallying on the open and reaching a high of $1,240 per ounce. At 11am PDT today, Gold is up $10 per ounce, trading at $1,237 per ounce on average Friday volume. SILVER For most of the trading day Silver has managed to stay above the key $20 per...(Read More) -
Daily Market Report 1/2/14
GOLD Gold has started 2014 with a nice rally due to fresh buying and no more year-end selling. Historically, January has been a good month for precious metals and I see no reason why this month will not show good increases for the Gold price. At 11am PDT today, Gold is up $24 per ounce, trading at $1,227 per ounce...(Read More) -
Daily Market Report 12/31/13
GOLD The final 5% of 2013’s tax loss and mutual fund selling drove Gold to under $1,200 per ounce in late trading yesterday. The Gold price stabilized around $1,200 per ounce until late overnight trading in Asia and Europe drove it down $20 per ounce. Gold’s price dropped to $1,182 per ounce in about an hour, but quickly rallied back...(Read More) -
Daily Market Report 12/30/13
GOLD Gold tested the $1,200 per ounce level this morning on respectable volume, and held. I believe 95% of 2013’s tax loss selling by mutual funds to delete Gold from their year-end financial reports has been completed. Tomorrow, we will see very light trading in the commodity pits as trading will be closed early for the New Year holiday. At...(Read More) -
Weekly Market Report 12/30/13
This Week’s Headlines: Gold Silver Major Rare Coin Convention in Orlando, FL Pre-order 2014 First Strike Silver Eagles Recommended Investment Commitment and Diversification GOLD Last week Gold traded in a narrow $20 range on light holiday type volume. Gold closed the week at $1,214, up $10.30 per ounce. The volume should pick up this week, but I am not optimistic...(Read More) -
India gold tax hits bridal budgets; smuggling up
(Read More)No one does jewelry quite like an Indian bride, who by tradition wears all the gold she can stand up in and her family can afford. These days, though, even the most ambitious bridal budgets don’t bring the bling like they used to, thanks to hikes in import duties and a rise in local gold prices . . . .
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Daily Market Report 12/27/13
GOLD The low volume of trading continues worldwide in the Gold pits. As Gold trades in a narrow $11 per ounce high/low range it provides no short term direction. Hopefully, on Monday the trading volume of trading will pick up, test support levels, and start a 2014 rally. At 11am PDT today, Gold is trading at $1,214 per ounce, up...(Read More)
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