Barry Stuppler
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Daily Market Report 4/26/13
GOLD Gold traded as high as $1,484 per ounce earlier this morning, with good demand from Asia and a weaker U.S. Dollar. Gold then sold off to hit $1,448 per ounce later in the day. Gold needs a little consolidation time at this point, maybe through early next week, before continuing the rally to the next resistance level of $1,500...(Read More) -
Shortages of physical gold now a global phenomenon
(Read More)Momentum is continuing to build in gold bullion purchases as supply shortages and high premiums on physical metal are being reported all around the world . . . .
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Daily Market Report 4/25/13
GOLD Gold rallied this morning in the face of deceasing paper Gold holdings. The SPDR Gold ETF (GLD) reported that Gold storage dropped to 1,092.98 metric tonnes late yesterday, down 30 metric tonnes from last Friday, and the lowest level in over two years. This decline in investor stored Gold is being offset by the recent surge in global physical...(Read More) -
Paulson says hes staying the course on gold
(Read More)Billionaire investor John Paulson told investors on Wednesday he is staying the course on gold even though there may be more short-term volatility in the price of the metal.
The New York-based hedge fund manager has long stuck by his thesis that gold will . . . .
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Daily Market Report 4/24/13
GOLD Yesterday Gold tested the $1,400 per ounce support level for the 2nd time and held with good volume. During yesterday’s and today’s trading most of the professionals preferred to own Gold at the current level then to sell it. This morning I saw the traders wanting to buy Gold from the opening gun and fresh investor demand followed. At...(Read More) -
Daily Market Report 4/23/13
GOLD Goldman Sachs said this morning that they had taken their profit and closed out their short Gold trade and are now neutral on the precious metal. UBS commented this morning that they are seeing tremendous buying of Gold in Asia, with Shanghai Gold Exchange reaching a new record of 57.6 metric tons of Gold in Monday’s trading. With this...(Read More) -
Weekly Market Report 4/22/13
This Week’s Headlines: GoldWhat really happened?What am I seeing?What do I think will happen with Gold?Will history repeat itself?SilverThe April 2013 CoinStats is now availableRecommended Investment Commitment and Diversification GOLD Last week was an extraordinary week for precious metal owners and professionals. Gold dropped from the prior Friday’s (April 12th) close of $1,501, to last Tuesday’s (April 16th) low...(Read More) -
Daily Market Report 4/22/13
GOLD Gold opened in Asia above the key $1,400 per ounce support level and kept on moving higher. Hedge funds and other big speculators have plowed new money into Gold last Friday and again this morning as the Gold price reached a high of $1,435 per ounce before seeing any selling. A negative for paper Gold investors is the steady...(Read More) -
Daily Market Report 4/19/13
GOLD The world’s Gold and Silver commodity markets are trying to stabilize, clearing out margin calls, while seeing fresh buyers. The Gold price has been consolidating in the $1,400 per ounce area. In Asia last night I saw fresh buying, which took the Gold price up to $1,425 per ounce before selling appeared. At 11am PDT, Gold is trading at...(Read More) -
Daily Market Report 4/18/13
GOLD The Asian trading this morning was excellent harbinger of the general trend of the gold price. In Asia the price of gold sold down to $1,338 per ounce, and was looking like it could have broken the major support level, however a lack of selling combined with fresh bargain buying appeared. The gold price started to rally and while...(Read More)
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