Barry Stuppler

GOLD Gold traded today in the $1,275 to $1,300 per ounce range. Gold has done very well today considering a dramatic drop in the world’s equity markets, the U.S. DJIA down over 150 points, and with the continued strength in the U.S. Dollar. Today’s Gold demand is good, but with problems with weak Chinese economic news and a cash crunch...

GOLD Yesterday, Gold was unable to find buyers in the face of a strong U.S. Dollar, moderate inflation indicators, a collapsing equities market, a continued drop in the Gold ETF holdings (now down to 995.35 tonnes) and positive U.S. economic news. After gold broke below $1,322 and $1,300 per ounce support levels, we saw professionals and technical traders come into...

GOLD Gold slid after Federal Reserve Chairman Ben Bernanke suggested the U.S. Federal Reserve will begin scaling back its $85 billion bond-buying program later this year, saying "The committee currently anticipates that it will be appropriate to moderate the monthly pace of purchases later this year." This news, and the possibility of quantitative easing ending by next year if the...

A global Clearing Member of the London Bullion Market Association (LBMA) – and a market leader in global precious metal services – announced the establishment of one of the largest custodial and vaulting services for gold at the Singapore Freeport.

The vault has the capacity to store up to $8.7 billion worth of gold bullion in a state-of-the-art facility on behalf of Deutsche Bank’s clients . . . .

GOLD Many professional traders and speculators sell Gold short every time it gets near $1,400. These sellers would run for cover should Gold rally above $1,410, however many of these same traders bought Gold (went long) when it hit $1,360 yesterday.   Many anxious Gold investors are concerned that if the Federal Reserve reveals a road map for weaning the economy...

GOLD India’s trade deficit was reported this morning, widening to a seven-month high of $20.1 billion in May, surging 18.8% on-year. Gold imports continued to remain high despite recent measures from the government and the Reserve Bank of India (RBI). The Indian government has raised the Gold duty twice this year, first to 6% and recently to 8%. India’s imports...

This Week’s Headlines: Gold What are Professional Gold Traders doing? Gold Confiscation is being discussed again Gold Demand is growing as warehouse supplies decline What are developed nations doing about the run to Gold?Silver Collectible Coin Protection Act Recommended Investment Commitment and Diversification   GOLD Last week Gold traded in a narrow $22 high/low range, from $1,394 on the high...

GOLD Gold traded today in a narrow price range awaiting direction from the Federal Reserve policy meetings starting tomorrow. At 11am PDT, today Gold is down $5 per ounce, trading at $1,383 per ounce on normal volume. SILVER Silver briefly traded above $22 per ounce, reaching $22.11 per ounce earlier this morning. However, as Gold sold off from its highs...

GOLD History has shown us that as we enter the summer months the physical demand for precious metal investment products decreases and volume of contracts & options traded on the worldwide commodity exchanges drops off. If Gold stays within the current $1,370 to $1,400 per ounce trading range, this would be an excellent consolidation and break the recent short term...

GOLD Gold continues to trade in the $1,370 to $1,400 per ounce price level, with average volume. The bulls feel that Gold is building an excellent base for the next attempt at breaking above $1,400 per ounce, while the bears are disappointed that Gold has hit $1,400 four or five times in the past two weeks but can’t stay above...