Barry Stuppler
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Will Gold Hit $3,000 by End of 2015?
(Read More)Two significant developments hit the precious metals markets last week. One was expected and one is a real eye-opener.
The expected news was a new round of gold and silver major price suppression, which will likely continue unabated through the release of the . . . . -
Daily Market Report 12/2/13
GOLD Gold futures dropped more than $20 an ounce today as monthly data in our manufacturing sector came in better than expected, supporting the prospects for a pullback in the Federal Reserve’s monthly $85 billion bond-buying program. At 11am PDT today, Gold is trading at $1,224 per ounce, down $26 from the Friday close on heavy volume. SILVER Silver dropped...(Read More) -
Weekly Market Report 12/2/13
This Week’s Headlines: Gold Tax Loss Strategy Silver Pre-order 2014 First Strike Silver Eagles Recommended Investment Commitment and Diversification GOLD Gold established a new trading range overlast week’s holiday shortened sessions.The Gold trading range had a low of $1,226 and a high of $1,258 per ounce. The Asian volume increased dramatically when Gold was trading near the lows, while domestic...(Read More) -
Daily Market Report 11/27/13
GOLD This morning Gold is trading in a very narrow pre-holiday price range on light volume. There has been no significant news released today that would affect precious metal prices. At 11am PDT today, Gold is trading at $1,239 per ounce, down $4 per ounce on light volume. SILVER Recently the Silver price has been weaker than Gold, trading down...(Read More) -
Daily Market Report 11/26/13
GOLD Gold reached $1,255 per ounce earlier this morning on short covering and fresh demand before selling off. Gold needs to stay above the important $1,250 per ounce price level to encourage professional traders to take new positions. At 11am PDT today, Gold is trading at $1,243 per ounce, unchanged from yesterday on excellent volume. SILVER As Gold broke above...(Read More) -
Weekly Market Report 11/25/13
This Week’s Headlines: Gold Tax Loss Strategy Silver Recommended Investment Commitment and Diversification GOLD The Federal Reserve’s October policy minutes that were released last week showed the possibility that the Fed may be reducing the $85 billion monthly stimulus program within a few months. These minutes are considered negative for Gold and Gold sold off sharply the entire week, closing...(Read More) -
Daily Market Report 11/25/13
GOLD Based on Iran’s nuclear agreement announced over the weekend, Gold reached a low of $1,225.80 per ounce this morning. At that price we saw heavy demand and the Gold price quickly rallied back above $1,240 per ounce. The short term direction is still to the downside, and it’s highly possible Gold could reach major long term support of $1,200...(Read More) -
Daily Market Report 11/22/13
GOLD After Gold’s drop below the $1250 level it’s been surprisingly calm trading in the mid $1240’s for the last 48 hours. Volume has increased during the past few days as fresh buying enters the market at these attractive levels, which has helped stabilize the market. At 11am PDT today, Gold is up $0.70 per ounce, trading at $1,244 per...(Read More) -
Hard to Believe but Gold Remains in a Bull Market!
(Read More)In case anyone is wondering, the long-term bull for gold remains intact. However, it sure doesn’t feel like it. The daily trend is down, the weekly trend is down and the monthly trend is down. So how can the long-term bull remain intact? It is based on the . . . .
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Daily Market Report 11/21/13
GOLD The Federal Reserve October policy minutes that were released yesterday showed a possibility that they may be reducing the $85 billion monthly stimulus program within a few months. This was considered negative for Gold, and Gold sold off sharply. Gold found great support and demand this morning after reaching $1,236 per ounce. At 11am PDT today, Gold is trading...(Read More)
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