Barry Stuppler
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Daily Market Report 10/18/12
GOLD Since falling after reaching $1,800 per ounce earlier in the month, Gold has trended lower in six of its last eight trading sessions. Gold found support on Monday at reaching $1,730 per ounce. We are now in a consolidation phase, which could prove to be a good buying level for investors. The $1,800 per ounce level does represent a...(Read More) -
Daily Market Report 10/17/12
GOLD Gold gained this morning ahead of a summit of European Union leaders and amid speculation that Spain may accept credit from a rescue fund, weakening the dollar. At 11am PDT today, Gold is up $2.40 per ounce, trading at $1,751.70 per ounce on average volume. STRONG PHYSICAL DEMAND FOR GOLD IS ON THE HORIZON Barclay’s head precious metal traders...(Read More) -
You can print money as much as you like but you cant print gold
(Read More)A quote from a Swiss gold refiner/trader puts the case for gold as sound money very succinctly and coupled with the suggestion that it is a Giffen good, bodes well for further price rises . . . .
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Investors May Be Moving to Physical Gold, Barclays Trader Says
(Read More)Gold holdings in exchange-traded products are growing at a slower pace than in 2004-2009 because some investors may be moving to physical bullion after initial purchases of an exchange-traded fund, according to Barclays Plc. Gold holdings in ETPs have increased 9.6 percent this year to a record . . . .
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Daily Market Report 10/16/12
GOLD The Gold Market has been higher from the start of this morning’s trading. The market opened in Asia at $1,740 and has been in a thin $10 trading range. We will continue to see increased demand if Gold stays at it’s a price support level. At 11am PDT today, Gold is trading at $1,745.70, up $7.30 per ounce on...(Read More) -
Daily Market Report 10/15/12
GOLD Better domestic and Chinese economic data released today caused Gold to test the $1,730 per ounce level this morning. This is a very important resistance level, and I am seeing trading volume increase dramatically (higher than every day last week) and it looks like the support price should hold. Remember, many of the largest rallies we have seen in...(Read More) -
Weekly Market Report 10/15/12
This week’s Market Report discusses the Gold/Silver consolidation as they continue to build an excellent base for the next breakout above their current resistance levels. Also, the October 2012 CoinStats update is now available for $20 Gold Saint Gaudens, $20 Gold Liberties, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollar series. GOLD Last week was very lackluster...(Read More) -
Hedge funds pile into gold, gas for second week
(Read More)Hedge funds and other big speculators piled into the rallying gold and natural gas markets for a second week running, taking the net long money in U.S. commodities up by nearly $1 billion, trade data showed on Friday.
The so-called "money managers" in commodities boosted their net longs in gold to the highest level in nearly 16 months . . . .
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Daily Market Report 10/12/12
GOLD The base building continues for the Gold price, as it trades in a narrow range with sizeable demand in the sub $1,760 per ounce area. At 11am PDT today, Gold is trading at $1,760.60 per ounce, down $8.40 per ounce today on light volume. GOLD DEMAND IS STRONG Gold holdings in exchange-traded funds rose for the eleventh straight day...(Read More) -
U.S. mined silver output down 12% in July 2012
(Read More)The U.S. Geological Survey reported nearly 4.31 million ounces of gold production from U.S. mines during the first seven months of this year . . . .
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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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