Barry Stuppler

GOLD Gold dropped to $1,255 per ounce this morning as investors awaited the release of the minutes of the Federal Reserve’s October policy meeting later in the day, hoping for clues on when it will trim its monetary stimulus program. At that point, demand increased and the market quickly moved back above $1,263 per ounce. It appears as the Gold...

GOLD Gold is trading today in a very thin $10 High/Low price range, awaiting any news that would provide direction. Gold has major long term support at $1,250 per ounce and resistance at $1,300 per ounce, and is trading right in the middle of that range. Tomorrow’s release of the Federal Reserve’s October meeting minutes could give the precious metal...

This Week’s Headlines: Gold World Gold Council’s 2013 Third Quarter Report Tax Loss Strategy Silver Rare Coin Report Recommended Investment Commitment and Diversification GOLD Our incoming Federal Reserve Chairman, Janet Yellen, testified before Congress last week that she was prepared to continue the current U.S. monetary stimulus program ($85 billion per month) until the U.S. unemployment rate improves. Given that...

GOLD Gold rallied up to $1,289 per ounce this morning before selling appeared, driving the price down $15 per ounce. With U.S. equity markets setting records, the focus of investors is stocks, not precious metals. At 11am PDT today, Gold is trading at $1,274 per ounce, down $14 on average volume. SILVER Silver continues to show a lack of price...

GOLD Gold traded in a thin $11 per ounce high/low range today. There was no significant news released today that would give the Gold price direction, plus being Friday trading was light. At 11am PDT Today, Gold is up $3 per ounce, at $1,288 per ounce on light volume. SILVER Right now Silver is acting as if it will test...

GOLD Our in-coming Federal Reserve chairman, Janet Yellen, testified to congress today and I guess the precious metals markets liked what they heard, as Gold quickly rallied off yesterday’s lows. In-coming Federal Reserve Chairman, Janet Yellen told congress she was prepared to continue the U.S. monetary stimulus program ($85 billion per month) until the U.S. unemployment rate dropped. Yellen’s statement...

GOLD A strong U.S. Dollar versus the Euro has been putting pressure on the price of Gold recently. Recent positive U.S. economic news, plus lower interest rates in the Eurozone countries, has taken the Euro/Dollar exchange rate from $1.38 to $1.34 within the past three weeks. Gold is trading in a narrow range today after reaching a low of $1,265...

GOLD It’s not a good day in the precious metal markets. Gold opened unchanged from Monday’s close but could not stay above the $1,280 per ounce support level, reaching a low of $1,271.30. The volume is a little above average but there was not significant demand from Asia in overnight trading. At 11am PDT today, Gold is trading at $1,273...

GOLD Because of the Veteran’s Day holiday, trading is very thin in the U.S. Gold has traded in a very narrow $9 per ounce price range, from $1,279.60 on the low to $1,288.60 on the high. At one point, Gold tested the $1,280 support level and quickly rallied back above on light volume. At 11am PDT Today, Gold is trading...