Barry Stuppler
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Daily Market Report 11/15/12
GOLD Gold traded down to $1,704 earlier this morning as result of a strengthening U.S. Dollar versus the Euro. At that point, major demand came into the market and Gold quickly rallied up $10 per ounce. At 11am PDT Today, Gold is trading at $1,714.60 per ounce, down $16 per ounce on heavy volume of trading. THE BIG MONEY...(Read More) -
Daily Market Report 11/14/12
GOLD Today’s Gold rally is in the face of a U.S. Dollar reaching a two-month high versus the Euro, British Pound and Swiss Franc, hitting $1.26 to the Euro. The short term resistance level for Gold is $1,735 per ounce, however we hit that level earlier today and quickly sold back to $1,725 per ounce. At 11am PDT today, Gold...(Read More) -
Daily Market Report 11/13/12
GOLD At 11am Today, Gold is trading at $1,726.40 per ounce, down $4.80 per ounce on average volume of contracts. Earlier this morning, Gold did reach $1,717.60 per ounce on light selling until we saw an increase in demand. SILVER Silver today is trading in a narrow range $0.72 price range, from a low of $32.10 and a high of...(Read More) -
Weekly Market Report 11/12/12
This week I discuss the status of Gold and Silver’s support and resistance levels. I also offer my opinion on the Obama Gold rally, now that he has been re-elected for the next four years, as well as what happened to the price of Gold in the last four years as a result of Obama and the Federal Reserve’s fiscal...(Read More) -
Daily Market Report 11/12/12
GOLD Gold has traded in a very narrow $13 range today, from $1,725.50 on the low to $1,738.30 on the high. It appears has the Gold price is consolidating in this range awaiting news that will allow it to test the $1,750 short term resistance level. The U.S. Dollar continues to rally versus the Euro, trading at $1.26 to the...(Read More) -
Obamas Win Clears Path for $4,000 Gold and $80 Silver
(Read More)Whether you were a supporter or critic of President Obama during his re-election campaign, his victory will guarantee a significant increase in the value of Gold and Silver coins and bullion for another four years . . . .
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Daily Market Report 11/9/12
GOLD On Tuesday (Election Day) the Gold price was trading at $1,687, when information was released that the amount of Democratic early election ballots were much higher than expected, an excellent indicator that President Obama could be re-elected. The Gold market started to move higher, what I would call the Obama Rally, and closed that day at $1,714 per ounce...(Read More) -
Daily Market Report 11/8/12
GOLD In spite of a much stronger U.S. Dollar versus the Euro, Gold continues higher this morning, braking through its next short term resistance level of $1,727 per ounce. Physical demand for Gold around the globe has picked up since the re-election of President Obama. At 11am PDT today, Gold is up $14.40 per ounce, trading at $1,729.60 per ounce...(Read More) -
Jim Rogers: Obama Re-election Will Spark Soaring Inflation
(Read More)A newly re-elected President Barack Obama will continue encouraging loose monetary policies that will fuel inflation rates down the road, and investors need to get ready now, said famed commodities investor Jim Rogers . . . .
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Daily Market Report 11/7/12
GOLD President Obama’s victory last night is very bullish for precious metals prices and negative for equities, as seen in today 300 point drop in the Dow. I believe you will see much higher Gold and Silver prices by year end. Today, Gold is consolidating yesterday’s gains when exit polls and reports of heavy democratic early voting showed positive signs...(Read More)
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