Barry Stuppler
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Daily Market Report 9/13/13
GOLD Gold got hammered again today, dropping to as low as $1,305 per ounce on heavy volume. The very important $1,300 per ounce support level will probably be tested by Monday morning, and I expect it to hold. The only news that could be affecting this decline is the possibility of Larry Summers being selected as the new Federal Reserve...(Read More) -
Daily Market Report 9/12/13
GOLD This morning in Asia Gold broke down below the $1,360 support level and technical traders came in to short the market, driving Gold down to $1,326 per ounce before seeing heavy demand. Other than a report that India’s Gold imports for August were lower than expected, there was no significant negative Gold news. At 11am PDT today, Gold is...(Read More) -
Jumping Chinese gold imports on pace to 1,000 tonnes
(Read More)Even as the Indian government is seeking to restrict gold imports and is coming down hard on gold loan companies across the country, China could well be on its way to import 1,000 tonnes of gold for the whole year if recent buying trends continue . . . .
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Daily Market Report 9/11/13
GOLD Gold traded today in a very tight price range, trading between $1,356 and $1,368 per ounce. $1,360 per ounce has shown to be an excellent support price. Based on recent trading activity I believe Gold is about to make a big move higher very soon. At 11am PDT today, Gold is trading unchanged at $1,365 per ounce. SILVER Silver...(Read More) -
Daily Market Report 9/10/13
GOLD Gold fell $23 per ounce today after the Russian proposal to put Syria’s chemical weapons under United Nation’s control gained international acceptance. This news has calmed the worries about a potential U.S. led strike against Syria, especially after Syria accepted the proposal. Gold traded as low as $1,358 per ounce this morning before sizeable demand appeared taking the market...(Read More) -
Weekly Market Report 9/9/13
This Week’s Headlines: Gold Two issues affecting precious metal prices Strong recovery in China’s economy is bullish for Gold Silver Recommended Investment Commitment and Diversification GOLD Over the Labor Day holiday week Gold stayed within its 4% trading range, closing the week at $1,386.50 per ounce, down $9.60 per ounce for the week. After a month of price consolidation...(Read More) -
Daily Market Report 9/9/13
GOLD Gold traded in a narrow $10 price range over the weekend and during Monday’s trading. Gold is showing excellent consolidation in the current $1,360 to $1,420 per range. Demand for physical Gold continues to grow with reports that the COMEX Gold inventories dropped under 700,000 ounces, for the first time ever. At 11am PDT today, Gold is trading at...(Read More) -
Daily Market Report 9/6/13
GOLD Gold rallied sharply today after reaching a low of $1,359 per ounce. The value of Gold moved higher after the U.S. Commerce department announced that only 169,000 jobs were added in August, well below original estimates. At 11am PDT today, Gold was up $14 per ounce, trading at $1,386 per ounce on average Friday trading volume. SILVER Silver mirrored...(Read More) -
The Upward Momentum In Gold Prices Looks Set To Continue
(Read More)Gold prices climbed back above the $1,400 an ounce on Tuesday after Interfax reported that Russia detected a missile launch. The Russian Defence Ministry declined comment to Reuters. The news caused a spike in gold prices which later dropped back below $1400 an ounce only to rise again during the second London gold fix . . . .
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Daily Market Report 9/5/13
GOLD Today, a stronger-than-expected U.S. economic report showed an ISM non-manufacturing reading for August at 58.6 versus 56.0 in July which caused the value of the U.S. Dollar to move sharply higher against many of the world’s other currencies and resulted in Gold being driven lower. This morning Gold reached a low of $1,365 per ounce before bargain buying appeared...(Read More)
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