Barry Stuppler
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Brazil Doubles Gold Reserves Over Three Months as Banks Buy
(Read More)Brazil boosted gold reserves for a third month in November to double the country’s holdings since August as central banks from Russia to Belarus and South Korea add the metal to diversify their assets . . . .
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Daily Market Report 12/20/12
GOLD Today’s announcement of 3.1% growth in the U.S. GDP had a negative effect on the Gold price, as it dampened expectations that the Federal Reserve would expand future monetary stimulus.This news combined with the lack of any settlement between Republicans and the President on the Fiscal Cliff issue has driven down the price of Gold. At 11am PDT today...(Read More) -
Daily Market Report 12/19/12
GOLD Gold has been on the defensive most of the morning, re-testing yesterday’s low of $1,660 and holding right now. In Asia this morning, there was sizeable physical Gold bargain buying coming from India. At 11am PDT today, Gold is trading at $1,669 per ounce, virtually unchanged from yesterday’s price. Trading volume is considered high. Gartman Blames China for Sell-off...(Read More) -
Daily Market Report 12/18/12
GOLD The Dollar rallied this morning to the highest level versus the Euro since May, and Gold broke down below its short term support of $1,686 per ounce. After Gold traded below $1,686 technical traders and chartists shorted Gold, which drove the price down to $1,660 per ounce before major buying came in. At 11am PDT today, Gold is trading...(Read More) -
Gold To Hit Historic Highs In 2013 On Fed QE
(Read More)(FORBES) - Gold has divided the analyst community through this volatile 2012, with some, like Goldman Sachs, calling for the end of its decade-long rally, while others expect it to average $2,000 an ounce by the end of next year. There’s one thesis that has built consensus, though: gold is set to rally in the first half of the year as a result of the Fed’s latest round of quantitative easing, possibly to fresh all-time highs . . . .
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Daily Market Report 12/17/12
GOLD Gold trading stayed in a tight price range between short term support and resistance all day. Professional commodity traders were buyers of Gold at $1,686 per ounce (short term support) while taking profits when Gold got near $1,700 per ounce (short term resistance). Today’s testing and quick rally of the $1,686 per ounce support was the fourth time in...(Read More) -
Weekly Market Report 12/17/12
This week I discuss Federal Reserve Chairman Bernanke’s Wednesday announcement and the Fed’s continued monetization of U.S. debt. The Fed’s holdings will be over $4 Trillion by the end of 2013, which is very bullish for precious metals in 2013 and beyond. GOLD For the third week in a row Gold ended lower, closing at $1,697 per ounce last Friday...(Read More) -
Daily Market Report 12/14/12
GOLD Gold traded in a very narrow $7 high/low price range today on normal low Friday volume. I need to see Gold move back above the key support $1,700 per ounce level on Monday to stay short term bullish. It was released today that European Gold demand for investment and jewelry products increased 15% in 2012 and is predicted to...(Read More) -
China Playing a Major Role in Global Silver Market
(Read More)China’s role in the global silver market has dramatically changed over the past decade. Once a small player in the global market, China today is the world’s leading market for both physical investment and paper trading of silver futures and other similar products, and is the second largest silver fabricator today. Chinese demand for the white metal is expected to achieve further strong growth in the years ahead, according to a report by Thomson Reuters GFMS released today by the Silver Institute . . . .
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Daily Market Report 12/13/12
GOLD Gold sold off today, because with the exception of the Fed’s targeting unemployment as an indicator for QE3, the Federal Reserve’s announcement was anticipated by many of the professional traders. These commodity traders had purchased call ahead of the announcement and sold into the market which rallied after the Federal Reserve statement and news conference. Additionally, Gold reacted negatively...(Read More)
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Both Gold & Silver break below key support levels ByJune 24 2026
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Gold & Silver testing key support levels ByJune 23 2026
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China’s gold imports surge to most in more than two years ByJune 23 2026
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