Barry Stuppler
-
Goldman Stands By Gold-Rally Forecast Even as Price Drops
(Read More)Goldman Sachs Group Inc. (GS) stood by its forecast for a rally in gold this year, saying that the precious metal will advance to $1,840 an ounce over six months as the U.S. central bank embarks on a third round of stimulus in June. “The case for higher gold prices remains in place,” the analysts wrote. “U.S. economic and employment data has now. . . . .
-
Daily Market Report 05/10/12
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...(Read More) -
Daily Market Report 05/09/12
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...(Read More) -
Daily Market Report 05/08/12
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...(Read More) -
Weekly Market Report 05/07/12
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...(Read More) -
Daily Market Report 05/07/12
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...(Read More) -
Daily Market Report 05/04/12
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...(Read More) -
Daily Market Report 05/03/12
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...(Read More) -
What Do Americans Think About Gold?
(Read More)Precious metals have been relatively quiet this week. After posting its best weekly gain in two months, gold is trading slightly lower at about $1,650 per ounce. Meanwhile, silver is trading near $30.50 per ounce. Gold and silver are currently taking a pause, but have been in a bull market for more than a decade and apparently Americans are taking notice.
According to a recent Gallup poll . . . .
-
Daily Market Report 05/02/12
GOLDGold has been weaker today based on a stronger U.S. Dollar. Gold traded between $1,645 and $1,661 per ounce for most of the day. At 11am PDT, Gold is down $9.10 per ounce holding at $1,653.60 per ounce. The Commerce Department reported today that orders for goods produced in U.S. factories dropped 1.5% in March, the biggest decline in three...(Read More)
Search
Categories
Recent Posts
-
Both Gold & Silver break below key support levels ByJune 24 2026
-
-
Gold & Silver testing key support levels ByJune 23 2026
-
China’s gold imports surge to most in more than two years ByJune 23 2026
-
