Barry Stuppler
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Daily Market Report 8/26/13
GOLD Gold rallied above $1,400 per ounce this morning, reaching $1,407 in Asia but couldn’t hold. At that point we saw short term profiting driving the price back under $1,400 per ounce. At 11am PDT today, Gold is trading at $1,393 per ounce, down $1 per ounce on average volume. Ever since Germany asked for the return of 300 metric...(Read More) -
Daily Market Report 8/23/13
GOLD A combination of a bullish Chinese manufacturing data report and a drop of 13.4% in July new home sales in the U.S., the largest drop since October 2012, caused Gold to rally sharply this morning. I would expect to see some resistance at the $1,400 per ounce barrier, but as I forecasted earlier this month Gold should be in...(Read More) -
Daily Market Report 8/22/13
GOLD Early morning Asian trading drove Gold down to a low of $1,355 per ounce. But at that price, consistent with recent demand, we have seen sizeable demand drive the price back above $1370 per ounce. Yesterday there was no clear message about future stimulus provided in the Federal Reserve minutes and Gold & Silver continue to look very attractive...(Read More) -
Daily Market Report 8/21/13
GOLD Gold sold off this morning on uncertainty over whether or not the U.S. Federal Reserve would begin curbing its economic stimulus. The Federal Reserve’s July minutes were released today with no firm indications on the future direction of their stimulus programs. Therefore, Gold immediately rallied off the day’s lows. At 11am PDT today, Gold is trading at $1,370, down...(Read More) -
What Happens When You Tell Indians to Stop Buying Gold
(Read More)India’s demand for gold during the second quarter of 2013 topped all other countries, according to the latest World Gold Council data. As noted by GoldCore, the demand for gold in India rose to its “highest in the last 10 years,” with jewelry, bars and coins demand, capping 310 tons during the period . . . .
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Daily Market Report 8/20/13
GOLD Early this morning the bears were able to lower the Gold price to $1,352 before Asian buying stepped in. The economic problems in India continue to worsen and Gold buying is growing dramatically despite government restrictions. As the Indian currency continues to be devalued against other currencies it is driving the Gold price higher, and creating stronger demand. At...(Read More) -
Weekly Market Report 8/19/13
This Week’s Headlines: Gold Demand for physical Gold shows an unprecedented increase India increases duty to 10% in its war against Gold imports Popular European Gold back in inventory Silver Rare Coin Update Recommended Investment Commitment and Diversification Last week was the kind of week I have been waiting for since the beginning of the year. We saw large increases...(Read More) -
Daily Market Report 8/19/13
GOLD Gold is consolidating today in the $1,362 to $1,385 per ounce range. After a $59 per ounce increase last week, I am very happy to see Gold stabilize in the current price range. After a $185 increase in price from the June 28th low, some of the large investment banks and brokerage firms are becoming more optimistic about the...(Read More) -
Daily Market Report 8/16/13
This was a great week for all my clients. Some weeks make my Gold investors happy, other weeks my Silver investors enjoy counting their profits. Recently many of our rare coin investors/collectors are looking at recent auctions sales with a smile on their face, but this week everyone is feeling wealthier. The week ending August 16, 2013 is a week...(Read More) -
Asia Shocks West by Demanding Their Gold Be Sent Home
(Read More)After an initial $20 plunge today, the price of gold turned violently higher and closed near the highs in what turned out to be almost a $50 trading range. In the aftermath of this turbulent trading, today one of the legends in the business shocked King World News when he said the reason for the wild trading action was that Asian central banks were demanding their gold, some of which is being stored in Western vaults, be sent home to Asia . . . .
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