Barry Stuppler
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Daily Market Report 12/12/12
GOLD Gold traded higher today on the Federal Reserve’s announcement of additional stimulus starting next month, bring the quantitative easing for 2013 to almost $1 trillion. They also tied future monetary policy to a targeted unemployment 6.5% rate. (We will have more details on this extraordinary policy change in the next Weekly Market Report.) At 11am PDT today, Gold is...(Read More) -
Levy on Gold could be budget windfall say U.S. lawmakers
(Read More)* Lawmakers want taxpayer stake in mining boom
* No royalties paid or records kept under current rules
* Reform could mean billions in new revenue
Revising a 19th-century U.S. law that governs the mining of gold and other precious metals could add billions of dollars to federal coffers at a time of tight budgets, according to some Democratic lawmakers . . . .
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B of A Favors Gold for 2013
(Read More)Gold, copper, silver, platinum and palladium will outperform other commodities next year on easing by the U.S. Federal Reserve and supply constraints, according to Bank of America Corp. . . . .
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Daily Market Report 12/11/12
GOLD Gold traded in a very narrow $10 range today awaiting an announcement tomorrow by U.S. Federal Reserve policy makers. They are expected to announce more stimulus measures (QE). Remember, any additional quantitative easing from the U.S. central bank would be viewed as unequivocally supportive of Gold because extra liquidity tends to debase the dollar and create future inflationary risks. ...(Read More) -
Weekly Market Report 12/10/12
This week I list the four key reasons why Morgan Stanley believes that Gold will be the best performing commodity for 2013, and my thoughts on when Republican and Democratic leadership will reach a deal on the Fiscal Cliff issues. GOLD Gold closed last Friday at $1,703, down $7.20 per ounce. This is the second consecutive down week for Gold...(Read More) -
Daily Market Report 12/10/12
GOLD Gold has been higher since the opening in Asia, managing to shake off any negativity of the Fiscal Cliff issue. This is not due to any significant progress in the U.S. government’s negotiations but rather because this week’s FOMC meeting is highly likely to provide more monetary stimulus. Gold has traded in a narrow $15 range today, from $1,718...(Read More) -
Daily Market Report 12/7/12
GOLD This morning the Gold bears took another unsuccessful attempt at breaking down Gold below the $1,684 per ounce support level after the U.S. nonfarm payroll numbers were released. However, a cut by the European Central Bank in future interest rates and a fall in U.S. consumer sentiment provided support for higher Gold prices. I think we have seen this...(Read More) -
Daily Market Report 12/6/12
GOLD Gold continues to try to find support above $1,700 per ounce. In early morning Asian trading, I saw active buying every time Gold went below $1,690 per ounce. At 11am PDT today, Gold is trading at $1,700.10 per ounce, up $6.60 per ounce on average volume. CFTC Finally Targeting Fraudulently Gold Sellers The U.S. Commodity Futures Trading Commission announced...(Read More) -
CFTC Cracking Down on Gold Telemarketers
(Read More)Fool’s gold? CFTC says 12 firms sell phantom metals.
The CFTC is cracking down on firms playing up demand for metals during these uncertain economic times.
The U.S. Commodity Futures Trading Commission announced Wednesday, it filed a civil injunctive enforcement action in the U.S. District Court for the Southern District of Florida against 12 firms and their executives for fraudulently marketing illegal, off exchange retail commodity contracts . . . .
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Daily Market Report 12/5/12
GOLD After a $25 price drop yesterday, Gold is trying to consolidate in the $1,700 per ounce price range. Earlier this morning Gold did trade as low as $1,685 per ounce average volume. For most of the day, Gold has traded in the $1,690 to $1,700 area. At 11am PDT today, Gold is down $4.85 per ounce, trading at $1,693.50...(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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