Barry Stuppler

This Market Report provides you with an update on the precious metal markets, and this week I discuss the support and resistance levels for Gold and Silver prices after their recent decline.   GOLD On Friday gold closed at $1,584 per ounce, down $61.20 (3.72%) for the week on the heaviest volume of trading I have seen in months. Last...

GOLDThe value of the U.S. Dollar versus the Euro is up for the 11th day in a row, based on the Spanish bank reforms and other Euro-zone sovereign debt problems.  A stronger U.S. Dollar means a lower Gold price as measured in the U.S. currency.  Earlier this morning, we saw Gold reach $1,572 per ounce (a four month low) based...

GOLDIn the past 24 hours, Gold has traded from $1,585 to $1,602 per ounce on normal volume. I am concerned that unless Gold can rally above the $1,600 price level by next Monday, that level will start to act as a resistance. Gold is finding more and more support on down days; I am not sure if its sovereign buying...

GOLDWhat a day yesterday and today was in the Gold pit. Volume today is almost double what a normal day would be and the excitement when Gold dropped below $1,600 was off the charts. Considering the strength of the U.S. Dollar and the problems in Europe, it isn’t surprising to see Gold make a new yearly low of $1,577.40, but...

GOLDIn Greece, New Democracy, the country’s mainstream center-right party, has declared that it will not be able to form a government. This has caused instability within the Euro-zone nations and the euro has fallen versus the U.S. Dollar. As the U.S. Dollar moves higher in value against other currencies, it drives down the value of Gold and Silver. Therefore we...

The Market Report provides you with an update on the precious metal markets. This week I discuss the results of an American Investor Gallup Poll and “Why is the new President of France bullish for Gold and Silver?”   GOLD Another week of base building with gold apparently locked into a trading range of $1,630 to $1,670 per ounce.  It’s...

GOLDGold declined on Monday based on political upheaval in France and Greece leading to a weaker euro (stronger U.S. Dollar) and softer commodity markets. At 11am PDT, Gold is trading at $1,639.60, down $4.90 per ounce on very active volume.  Why is the new French President bullish for Gold and Silver prices?The new French President, Francois Hollande (a socialist) has...

GOLDThis morning, the U.S. Labor Department stated that our economy added just 115,000 jobs in April, below a forecast of 173,000 making the jobless rate 8.1%. Gold rallied $20 after the announcement because this added to the reasons why the Federal Reserve should consider QE3 to keep our economy from another recession. At 11am PDT, Gold is trading at $1,644.50...

GOLDGold was under pressure on Thursday after disappointing data from both sides of the Atlantic fueled concerns about global growth, while investors awaited a rate decision by the European Central Bank tomorrow for more input on trading direction. At 11am PDT, Gold is down $19.20 per ounce, trading at $1,634.40 per ounce on an average volume.               April Gallup poll...