Barry Stuppler
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Daily Market Report 10/3/12
GOLD Gold continues to consolidate, trading in a very narrow $10 range all day with low/high between $1772 and $1782 per ounce. If the price pattern of the past seven weeks continues, we should see a nice rally tomorrow or Friday, so if you are considering adding to your Gold position, do it today. At 11am PDT, Gold is trading...(Read More) -
Daily Market Report 10/2/12
GOLD Today was definitely a consolidation day for Gold, as the price stayed within a $14 low/high price range. At 11am PDT Today Gold is trading at $1,775.60, down $4.20 per ounce. I believe we are going to see many more central banks following the lead of the European Central Bank, the U.S. Federal Reserve, Chinese Central Bank and the...(Read More) -
Gold Is Good Money
(Read More)Last year the Chairman of the Federal Reserve told me that gold is not money, a position which central banks, governments, and mainstream economists have claimed is the consensus for decades. But lately there have been some high-profile defections from that consensus . . . .
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Weekly Market Report 10/1/12
This week, as Gold stabilizes and starts its run to all-time highs, learn what’s next. I also discuss what should happen with Silver, which broke out above the $34 an ounce level and has become very bullish on its way to $35 per ounce. The October 2012 CoinStats update is now available for $20 Gold Saint Gaudens, $20 Gold...(Read More) -
Daily Market Report 10/1/12
GOLD Gold opened lower this morning due to a stronger U.S. Dollar versus the Euro on reports of Spain struggling to reach a solution to its debt problem. Then Charles Evans, the president of the Chicago Federal Reserve Bank, spoke on CNBC. He said, “The Federal Reserve’s third round of bond purchases will likely have to last through 2013 until...(Read More) -
Daily Market Report 9/28/12
GOLD As today is the end of Gold trading for the third quarter, let’s look at the performance of Gold during this period. For the 3third quarter of 2012, Gold has increased $168 per ounce (10.4%). With Gold trading at $1,772 per ounce at 11am PDT today, that means for the month of September, Gold has increased $85 per ounce...(Read More) -
Daily Market Report 9/27/12
GOLD Weaker U.S. economic data (see below) has led to a weaker U.S. Dollar, and stronger energy and precious metal prices. Today’s Gold rally makes it seven weeks in a row that the largest weekly increase in price has come on a Thursday or Friday. At 11am PDT Today, Gold is up $25.70 per ounce, trading at $1,777.90 per ounce...(Read More) -
Daily Market Report 9/26/12
GOLD Weakness in the Euro today has driven up the value of the U.S. Dollar and a stronger Dollar is negative for Gold. Therefore, today we finally saw a short term correction in the price of Gold. Gold briefly broke down below the key $1,750 support level, reaching $1,735 per ounce at one point this morning before major professional buying...(Read More) -
Gold Nearly Flat; Central Banks Add to Holdings
(Read More)Gold prices pared gains to trade around $1,760 on Tuesday as the euro hit session highs versus the dollar, and following data that showed central banks added to their bullion holdings in July and August, led by South Korea and Paraguay.
The metal has risen nearly 5 percent so far in September and is set for a fourth straight monthly gain on expectations the Federal Reserve will . . . .
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Daily Market Report 9/25/12
GOLD Gold rallied this morning based on reports of increasing physical demand for Gold and a press release from the IMF reporting new central bank buying of Gold in July and August. In India we are looking for strong Gold demand as the festival of Diwali approaches on November 13th. At 11am PDT Today, Gold is up $2.30, trading at...(Read More)
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