Barry Stuppler
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Daily Market Report 9/25/13
GOLD Finally a nice Gold rally! Today, based on reports on increasing central bank Gold buying in August, Gold rallied. At 11am PDT today, Gold is up $12 per ounce, trading at $1,336 per ounce on better than average volume. SILVER Silver traded in a very thin $0.49 range today, between $21.96 and $21.47. At 11am PDT Today, Silver is...(Read More) -
Barclay Bank says Gold could rise to $1482 by Oct on no-tapering effect
(Read More)Gold continues to be impacted by continued outflows from Exchange Traded Funds (ETFs) reaching 24 tons and year-to-date at 694 tons. Therefore, investors are advised to watch inflows into ETFs in the coming days for further cues . . . .
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Daily Market Report 9/24/13
GOLD Based on a lack of Federal Reserve tapering, Barclay’s Bank believes Gold could reach $1,482 by next month. Gold opened lower today, reaching $1,305 per ounce, then rallied on excellent demand to close at the highs of the day. At 11am PDT Today, Gold is trading at $1,324 per ounce, down $2 on the day on good volume. SILVER...(Read More) -
Daily Market Report 9/23/13
GOLD Gold closed in late trading on Friday at $1,326 and today it has traded within a few dollars of that price. With the congressional debate over the U.S. budget and the legislation to raise the national debt the precious metal markets are focused on Washington D.C. At 11am PDT today, Gold is trading at $1,326 per ounce, unchanged from...(Read More) -
Weekly Market Report 9/23/13
This Week’s Headlines: Gold Federal Reserve’s surprise move is bullish for Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD The Gold market showed a lot of volatility last week. Gold first set a two month low of $1,291 per ounce, then rallied $61.70 per ounce for the largest increase in price over the last 4 ½...(Read More) -
Daily Market Report 9/20/13
GOLD Today we are seeing weekend profit taking from many professional traders. With a congressional budget fight and serious problems raising the debt limit on the horizon, we could see a significant rally in precious metals this month. At 11pm PDT today, Gold is down $34 per ounce, trading at $1,336 per ounce on better than average volume for a...(Read More) -
Daily Market Report 9/19/13
GOLD In a surprise move, the Federal Reserve said late yesterday that it would continue its $85 billion bond-buying program for at least another month. After the announcement Gold quickly rallied $50 and continued higher last night and again this morning. Since last September, the Fed has been buying $85 billion in bonds each month in an effort to lower...(Read More) -
Gold price rallies $55 after Fed shocker
(Read More)The gold price spiked more than $55 or over 4% to a high of $1,364.60 an ounce in late trade on Wednesday after the Federal Reserve announced no cuts to its economic stimulus program . . . .
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Daily Market Report 9/18/13
GOLD Today was an exciting day for Gold investors. Gold broke through the key $1,300 per ounce support level this morning on concerns of today’s FOMC announcement regarding the possibility of tapering its $85 billion monthly debt purchases. At one point today Gold dropped to as low as $1,291.60. Then, as we approached the FOMC announcement, the U.S. Dollar started...(Read More) -
Daily Market Report 9/17/13
GOLD Today Gold has traded in a very tight range while waiting on tomorrow’s news from the FOMC meeting. The concern is that if the Federal Reserve tapers its monthly bond buying by more than $10 or $15 billion it would be negative for Gold. At 11am PDT today, Gold is trading at $1,311 per ounce, down $7 per ounce...(Read More)
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