Barry Stuppler

GOLD Gold is up $8 today on light Asian buying, and still trading in its recent trading area. The US Federal Reserve will be meeting on Tuesday and Wednesday this week. The meeting could spell out the Fed’s plans as to when they might begin tapering the stimulus program. If the tapering is likely to begin in March, there could...

This Week’s Headlines: Gold Tax Loss Strategy Silver Pre-order 2014 First Strike Silver Eagles Recommended Investment Commitment and Diversification GOLD Last week Gold traded between $1,219 and $1,268 per ounce on excellent volume. On Wednesday strong economic news from China and Japan caused Gold to rally sharply in overnight Asian trading. The rally continued in London and on the CME...

GOLD The Labor Department reported today that wholesale prices in the U.S. dropped 0.01% in November. This was the third straight month the wholesale prices have dropped, reflecting lower costs in energy and cars, with little to no government reported inflation during that period. Gold reacted positively to the report and quickly rallied $12 per ounce. At 11am PDT today...

GOLD The precious metal markets reacted negatively to the congressional two year budget agreement. The feeling is that this agreement would give the Federal Reserve an excellent reason to slow down their $85 billion monthly stimulus program at their up-coming meeting on Dec. 17-18. Both the precious metal markets and the equity markets dropped today as the U.S. Dollar rallied...

GOLD After a $28 increase in the price yesterday, Gold is trading in a narrow $10 range ($1,253 to $1,263 per ounce) showing excellent support above the very important $1,250 support level. At 11am PDT today, Gold is down $6 per ounce, trading at $1,257 per ounce, on excellent volume. SILVER Silver is holding very well above the key $20...

GOLD Based on strong economic news from China and Japan, Gold rallied overnight in Asia and continued to rally in London and on the CME. Traders, who were short Gold, covered their sales when spot Gold broke above the $1,250 resistance level. Gold’s heavy trading volume took it up $34, to $1,268 per ounce before some profit taking came in...

GOLD Gold opened $8 per ounce higher today as China posted its biggest trade surplus in almost five years on Sunday. Soaring exports ran ahead of modest import growth, potentially resurrecting a source of friction with the US. In November, China’s trade surplus rose to $33.8 billion from $31.1 billion the month before. Exports staged a rebound, rising 12.7% from...

This Week’s Headlines: Gold China reports soaring exports and $33.8B Nov surplus Tax Loss Strategy Silver Pre-order 2014 First Strike Silver Eagles Recommended Investment Commitment and Diversification GOLD Last Friday Gold closed at $1,229 per ounce, down $21 per ounce on the heaviest volume of trading that I have seen in weeks. The battle between the precious metal bulls and...

GOLD We had exciting trade in the gold pit today. Gold was trading at $1,228 per ounce when the U.S. Labor Department announced that 203,000 jobs were added in November. This was higher than the 180,000 estimate and Gold immediately dropped $14 per ounce on concerns that the Fed would get its monthly stimulus. With Gold at $1,214 per ounce...