Barry Stuppler
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Daily Market Report 5/24/13
GOLD Gold calmed down on Friday in thin trading after yesterday’s $26 increase, as many of the world’s major stock markets stabilized, slowing Gold’s rally. Today, Gold traded in a tight $14 price range from $1,384 to $1,398 per ounce. Gold (the safe haven investment) was rallied by a drop in stocks late this week, which Thursday in Europe had...(Read More) -
Daily Market Report 5/23/13
GOLD Gold rallied today based on the U.S. Dollar falling against the Japanese Yen. Adding to the demand for Gold was the plunge in the Tokyo Stock Market. The volatility in the Gold market continues, as the trading range was over $40 per ounce, with Gold reaching $1,356 per ounce before rallying. Today in the global bullion markets we saw...(Read More) -
Daily Market Report 5/22/13
GOLD The Gold price took a roller-coaster ride today, first jumping to $1,413.30 per ounce when Bernanke told the Joint Economic Committee of Congress that an end to the current quantitative easing (QE) program could mean a “substantial risk of slowing or ending the economic recovery and causing inflation to fall further.” He said the labor market has improved but...(Read More) -
Daily Market Report 5/21/13
GOLD Yesterday Moody’s Investor Service reported in a news wire around noon ET that U.S. policymakers must do something about the government debt to avoid a U.S. debt rating downgrade this year. This was one of the contributing factors to yesterday’s Gold rally to $1,385 per ounce, after hitting a low of $1,336 per ounce in Asia earlier. Yesterday we...(Read More) -
The Last Investable Moment for Silver
(Read More)In the context of the current U.S. Dollar valuation bubble, silver’s eventual price rise seem inevitable. This paper currency bubble commenced with a desperate flight to quality, despite the fact that the U.S. Dollar had been an intrinsically worthless currency since it was taken off the gold standard by Nixon in the early 1970’s . . . .
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WGC Q1 2013 Gold Demand Summary
(Read More)Last Thursday the World Gold Council released the 2013 first quarter Gold demand data. The numbers shown below are extraordinarily bullish for the long term outlook for Gold . . . .
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Weekly Market Report 5/20/13
This Week’s Headlines: Gold World’s largest money manager is bullish on Gold World Gold Council 1st quarter 2013 Gold Demand Summary Silver Physical demand & premiums for U.S. Silver Eagles strong Collectible Coin Protection Act Recommended Investment Commitment and Diversification GOLD Last week’s Gold trading felt like a slow death, each day it was down from $2 to $28...(Read More) -
Daily Market Report 5/20/13
GOLD Today we saw a very bullish super reversal day, as Gold hit a low of $1,336 and quickly rallied on very heavy volume to reach $1,397 per ounce. This is a very positive sign that Gold has reversed it short term price direction and is now heading higher. Today we also saw any increase in hedge funds buying Gold...(Read More) -
Daily Market Report 5/17/13
GOLD On Friday Gold fell for a seventh straight day, its longest losing streak in four years, as speculation that the Federal Reserve may soon rein in monetary easing lifted the value of the U.S. dollar versus other major currencies. The dollar rose, hitting a near three-year high against a currency basket, helped by comments from San Francisco Fed chief...(Read More) -
Daily Market Report 5/16/13
GOLD Early this morning in Asian/European trading Gold tested and held above the $1,370 per ounce level on heavy volume. Gold is still on the defensive, but we are seeing sizeable demand at these attractive levels. At 11am PDT Gold is trading at $1,387, down $11.20 per ounce on heavy volume. World Gold Council first quarter 2013 in Gold demand...(Read More)
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