Barry Stuppler

GOLD Today is a key day in the latest Gold market bull/bear war.  The bears need to drive gold down to close under the $1,700 per ounce support level today.  While the bulls, supported by Asian buying, would like the $1,700 level to hold.  This morning gold hit $1,694.40 on light trading, then volume picked up and gold rallied above...

GOLD Gold trading today has been very lackluster with a narrow price range.  Gold’s high/low range in Asia, Europe and the U.S. trading has been $1718/$1703.  Gold is finding excellent demand at the $1,700 resistance level. The Chinese love a bargain and sales of physical gold were very strong. At 11am PST, Gold is trading at $1,710.70, down $8.80 per...

                                                (Who bought the 34 Million Ounces of Gold?) GOLD Yesterday was an extraordinary day for Gold traders.  First of all, the volume for the CME’s most active gold contract, which is now April 2012, was 344,994 one hundred ounce contracts (34,499,400 oz was traded) a record high. Gold prices dropped $77 per ounce yesterday based on slightly negative news...

GOLD What a difference an hour makes in the price of gold.  One minute it was riding high, fringing on hitting $1790 and within about an hour it had fallen around 4% to below the $1720s.  What caused the sharp and very quick decline was Fed Chairman Ben Bernanke testimony to Congress. The tone of Mr. Bernanke’s statement gave the...

GOLD Yesterday I cleaned my crystal ball and sent out my time to go All-In on your gold and silver investment notice in the Weekly Market Report email.  As many of our clients know, timing is the most important factor in making investments decisions and if you responded to my call to action yesterday, congratulations.  But, it’s still not too...

This week’s Market Report provides you with an update on the precious metal markets and why we have just increased Silver in the recommended investment diversification.   GOLD & SILVER Now is the time to go All-In with your gold and silver investments.  Last week I provided you the four key fundamental reasons for the coming break-out move for precious...

GOLD We are seeing excellent consolidation in the gold market today.  Today’s entire trading range for gold has been $13, from a low of $1,767 to a high of $1,780.  I think a couple days of base building will give the market what is needed to move towards the next resistance level of $1,800.  At 11am PST, Gold is down...

GOLD Today, Gold saw a little consolidation after a $60 up move this week. At 11am PST, Gold is trading at $1,776.20 per ounce, down $6.70 for the day with light weekend type volume. China’s domestic gold jewelry consumption increased to 456.66 metric tons in 2011, a growth of 27.9% over 2010. According to China Gold Council, domestic investment-oriented gold...

GOLD Up, Up, and away! Gold is up another $12 today on active buying in Asia and Europe. The next resistance level is $1,800 per ounce. At 11am PST, gold is at $1,783.90 per ounce. It looks like yesterday’s 1 million ounce purchase may have come from a Middle East buyer or financial institution.   SILVER Finally, Silver has shown...

GOLD Just as Gold was consolidating yesterday’s $30 gain in the $1,758 range around 10am PST, we saw a $10 move higher on a 10,000 contract (1 million ounces) purchase. Gold now has clearly broken above the $1,760 per ounce resistance level, and is on the way to $1,800 per ounce.  Overnight trading volumes in Asia and Europe have been...