Barry Stuppler

GOLD Overnight trading in Asia was very supportive to the current price range. Finally, we are seeing stability in the gold trading which had a 2 ½ % trading range in the last 24 hours.  The low to high trading range for gold was $1,724/$1,769 with excellent volume. I would be very happy to see Gold stay in this trading...

GOLD Gold is trading at $1,740.22 per ounce this morning at 11am PDT, down $36.28 per ounce on normal volume. At one point in overnight trading in Asia gold hit an All-Time high of $1,815.40. What the gold market could use right now is a week or two of stabilization so it could build a nice base for the next...

GOLD  Another day, another All-Time high for Gold.  WOW what a run, and all information is pointing to continued demand.  At 11am PDT Gold is trading at $1,776.50 per ounce, up $34.00 on very, very active trading. At this current pace, my $1,900 year end prediction looks low.  J.P. Morgan’s commodity analyst Colin Fenton was on CNBC stating he felt...

GOLD At 11am PDT gold is trading at $1,742.50 per ounce, up $27.50 on very active trading. Gold did hit a new all-time high at $1.782 in overnight trading in Asian markets. This is a pivotal point for the U.S. Dollar & Gold, and yes, gold has gone parabolic as it enters Phase II of the bull market. The downgrading...

GOLD Rating agency Standard & Poor’s says it has downgraded the U.S. credit rating from its top rank of AAA to AA+. Rating agencies analyze risk and give debt a "grade" that reflects the borrower’s ability to pay the underlying loans. The safest bets are stamped AAA. That’s where U.S. debt stood for years. This downgrade of U.S. bonds and...

GOLD What a week it was. There was the settlement of the Debt Ceiling Crisis, and a major announcement from the World Gold Council regarding the increasing number of Central Banks who are spending their U.S. Dollar reserves to buy Gold. Thursday we saw a 512 point drop in the DJIA (a total of a 700 point drop for the...

GOLD After yesterday’s 500+ drop in the DJIA, the volatility and volume of trading was the highest day for gold and silver I have seen in months. Today gold has calmed down, with trading in a narrow $18 range compared to $45 yesterday. At 11am PDT gold is trading at $1,655.00 an ounce, up $1.70 per ounce from Thursday’s price. ...

South Korea’s fashionably late to a party started over a decade ago

Central banks in emerging markets have decided that it’s not too late to join gold’s party.

South Korea and Mexico are among the nations whose central banks have been ramping up gold holdings lately — and they’re willing to pay the highest-ever prices for an ounce of gold to do it, even though gold’s latest rally began more than a decade ago.

Admittedly, it’s not new trend for all central banks, but one that’s speeding up as the world loses faith in the U.S. dollar and global markets.

GOLD What a day we had today. Gold ran up to $1,683.30 per ounce. Then, as the Stock Market got hammered down over 350 points, we saw gold being sold.  The traders believe this was “hitting the Piggy Bank” type selling. When hedge funds and financial institutions are hit with margin calls on their stock holdings they look for liquidity...

GOLD With the Dollar getting hammered, and the Worlds Equity Markets down sharply, including the DJIA down nine days in a row, we are seeing a run to safety. Gold is the ultimate safe haven investment. So it is not surprising to see gold trading at another new All-Time high of $1,662.10 per ounce at 11am PDT, up another $20.40...