Barry Stuppler
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Daily Market Report 05/31/12
GOLDFresh negative U.S. economic news added to the ongoing Euro-zone problems keeping Gold in a narrow trading range today. Gold showed excellent support at $1,551 per ounce today, while having resistance at $1,574 per ounce. Today’s negative U.S. economic announcement is leading to a fresh call for more quantitative easing (QE) by many economists. At 11am PDT, Gold is trading...(Read More) -
Daily Market Report 05/30/12
GOLDThe Gold price is reluctant to go lower. With the U.S. Dollar rallying to under $1.24 to the Euro, and the 10 year U.S. Treasury notes hitting a record low of 1.64%, plus equities and energy markets dropping, Gold still refuses to go lower. Gold did test the $1,530 price level, for the fifth time since September 2011, earlier this...(Read More) -
Weekly Market Report 05/29/12
This Market Report provides you with an update on the precious metal markets. This week I discuss last week’s Gold/Silver trading, and my belief that now is The Right Time to Buy Gold, due to the extraordinary supply/demand fundamentals. GOLD Last week Gold tested the $1,520-$1,530 per ounce price support level for the fourth time since September of last year...(Read More) -
Daily Market Report 05/29/12
GOLDDuring the long holiday weekend Gold traded up to $1,584.50 on fresh buying before this morning’s statement by Bankia Bank, Spain’s third largest bank, saying that troubled Spanish banks may need as much as 100 billion Euros to deal with the current debt crisis. After that statement the Euro dropped versus the U.S. Dollar and Gold fell $30 before rallying...(Read More) -
The Right Time to Buy Gold
(Read More)I am proud to say that I have been actively trading Gold since President Ford signed legislation that legalized private Gold coin and bar ownership, which took effect December 31, 1974. During those 37 years the Gold price moved from $103 in August of 1976 to $850 in January of 1980, and back to $284 per ounce in February of 1985. The Gold price traded between $250 and $475 from 1985 to 2001, (before the current bull move started), reaching $1,920 per ounce in September of last year. During those years I saw reasons for Gold ownership change from diversification, to speculation, to being an inflation hedge, and a safe haven investment numerous times. However, until now I have not seen . . . .
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Daily Market Report 05/25/12
GOLDGold is ending the week in the $1,550 to $1,570 price range. As we go into this long holiday weekend most precious metal professionals and analysts are looking to Europe for direction. Euro-zone ministers need to stabilize the sovereign debt problem and stop the capital flight from the Euro. The latest idea is to establish a Euro Bond Redemption Fund...(Read More) -
Central bank Gold purchase rises to 70.3 tons in April
(Read More)Central banks internationally continue to diversify their foreign exchange reserves into gold bullion due to concerns about fiat currencies – including the dollar and especially the euro. IMF data shows that central banks were again net buyers in April with . . . .
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Daily Market Report 05/24/12
GOLDIf you think the market trading price for gold looks like a yo-yo, you would be right. The lack of any realistic direction or decision coming from the recent Euro-zone summit in Brussels has caused this problem. Gold is hovering around $1,560 an ounce today as analysts show concern about Greece and the Euro-zone continued to dominate market sentiment after...(Read More) -
Daily Market Report 05/23/12
GOLDThe value of Gold, world equities, oil and the Euro are down today based on the news coming out of Greece. 27 countries are meeting at the much-anticipated European summit in Brussels to discuss their debt crisis and what will happen with Greece. Overnight comments coming out of Greece about their possible exit from the Euro-zone have driven down the...(Read More) -
Daily Market Report 05/22/12
GOLDWhile the euro-zone nations try to figure out how they are going to handle the Greece and Spain problem the Gold market is trading in a very narrow price range. The low/high range on Gold for the past 24 hours has been $1,575 to $1,591 per ounce. A move back above the important $1,600 resistance level by month end would...(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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