Barry Stuppler
-
Daily Market Report 6/5/13
GOLD Gold rallied this morning in Asia, moving back above the $1,400 level, on news that Chinese Gold imports are likely to increase dramatically after more than doubling to an all-time high in March. Retail consumers have pounced on Gold in the past two months when prices plunged to a two-year low. In the U.S., Gold rallied after private-sector employment...(Read More) -
Daily Market Report 6/4/13
GOLD There continues to be a tug-of-war in the Gold pits around the $1,400 per ounce support/resistance level. Today we saw Gold sell off from $1,415 per ounce down to $1,389 per ounce before seeing sizeable demand. At 11am PDT today, Gold is down $15 per ounce, trading at $1,398 per ounce on average volume. The morning’s negative news that...(Read More) -
Daily Market Report 6/3/13
GOLD Gold rallied back above the $1,400 per ounce level this morning based on negative economic news in both the U.S. and Europe. This is the fourth time in the past two weeks Gold has rallied above $1,400 per ounce; we need it to stay for Gold to become short term bullish. The combination of today’s poor economic news and...(Read More) -
Weekly Market Report 6/3/13
This Week’s Headlines: Gold Regardless of What the Media Says, Soros is Bullish on Gold India may import record 300-400 tonnes of Gold in Apr-June Silver Collectible Coin Protection Act Recommended Investment Commitment and Diversification GOLD The good news is that Gold has increased in value over the past two weeks. The bad news is that Gold broke through the...(Read More) -
Daily Market Report 5/31/13
GOLD Gold rallied to $1,422 per ounce last night before seeing some profit taking, driving the price down to $1,390 per ounce. Because today is Friday, and the 31st of the month, I believe some of the selling has to do with month end positioning and clearing. The volume of trading during the selloff wasn’t that heavy, which is normal...(Read More) -
Daily Market Report 5/30/13
GOLD Continued heavy demand for Gold’s physical investment products (coins, bars and jewelry) combined with a U.S. Dollar that has been weak versus the Euro and Yen since Monday, finally drove Gold over $1,400 per ounce, and the professionals took it from there. Gold broke above $1,400 in Asia early this morning and the technicians and chartists ran to cover...(Read More) -
Daily Market Report 5/29/13
GOLD Tug of war on the world’s Gold trading exchanges. The price trading range for Gold seems to be tightening. Recently we have had excellent support at the $1,350 per ounce level and resistance at $1,400 per ounce, now it appears that there is excellent support at $1,380 per ounce, with short term profit taking at the $1,395 level. This...(Read More) -
The Other Run on Physical Gold
(Read More)The world’s largest gold trading market is conducted in Great Britain under the auspices of the London Bullion Market Association (LBMA) ... there are more than 100 ounces of LBMA contracts extant for each ounce of gold in London vaults to cover those contracts ... in other words, the world’s largest gold trading market operates to some degree as a Ponzi scheme, where there isn’t enough metal to fulfill outstanding contracts . . . .
-
Daily Market Report 5/28/13
GOLD Strong economic news indicators caused Gold to open lower on fears these indicators will result in a change in Federal Reserve stimulus policies. The increase in consumer confidence and record increases in the home price index caused the U.S. Stock Market to rally over 200 points, while driving Gold down to $1,373 per ounce on the opening. After Gold...(Read More) -
Weekly Market Report 5/28/13
This Week’s Headlines: Gold Ben Bernanke causes volatility in the Gold Market China demand drives Asian Gold bar premiums higher Central Banks continue to buy Gold in April Silver Collectible Coin Protection Act Recommended Investment Commitment and Diversification GOLD Last week, and for the first two days of this week, we have seen higher prices and strong global demand...(Read More)





