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Barry Stuppler

  1. Daily Market Update 7/15/11

    GOLD Gold continues it’s breakout, now trading up for nine days in a row from the July 1st low of $1,487.  Gold is setting new all-time highs daily, currently trading at $1,591.80 at 11am PDT, up an additional $2.10 per ounce. Traders are still focused on the DEBT, whether it is our Debt Ceiling debate in Congress or the European...
    (Read More)
    By Barry Stuppler
    | July 15 2011
    Posted in Daily Market Report

  2. QE3 talk pushes gold to nominal record

    Gold surged to a new record on Wednesday, propelled by the possibility of a third round of quantitative easing in the US.

    The yellow metal, already rallying hard on the back of fiscal concerns in the eurozone, jumped to within reach of $1,600 a troy ounce after Ben Bernanke, Federal Reserve chairman, said the central bank could take further steps to prop up the US economy if needed.

    In testimony to Congress, Mr. Bernanke said the Federal Reserve stood ready to...

    (Read More)
    July 14 2011
    Posted in News Articles

  3. Daily Market Update 7/14/11

    GOLD It’s now eight days in a row that Gold has increased in value.  At 11am PDT today gold has set another record all-time high at $1,589.70, up another $5.60 in very active trading. Gold has now increased over $102 (6.8%) since its recent July 1st low of $1,487.20. Gold did reach $1,594.70 in early trading today, which was only...
    (Read More)
    By Barry Stuppler
    | July 14 2011
    Posted in Daily Market Report

  4. Daily Market Update 7/13/11

    I hate the “I told you so” type people, So, I will not say it..  GOLD Gold is trading at a new ALL-TIME HIGH of $1,584.10 at 11am PDT today, up $22.70 per ounce on very active trading. Gold has now increased in value seven days in a row.  The major stimulus for gold today was Federal Reserve Chairman Ben...
    (Read More)
    By Barry Stuppler
    | July 13 2011
    Posted in Daily Market Report

  5. Daily Market Update 7/12/11

    GOLD Up, Up, and Away, Gold is up for the sixth day in a row. Gold is trading at $1,561.40 at 11am PDT, up $13.30 per ounce on heavy volume.  Again, I believe staying above the important $1,550 resistance level will lead to setting a new all-time high (above $1,575) in gold very soon.   The global debt problems are...
    (Read More)
    By Barry Stuppler
    | July 12 2011
    Posted in Daily Market Report

  6. Daily Market Update 7/11/11

    GOLD Gold continues to rally today based on continued safe haven buying concerns. The debt problems of Greece, Italy, and Portugal are back, while our debt ceiling dilemma in the U.S. is the focus of the news media. At 11am PDT gold is trading at $1,548.10, up $5.80 per ounce in active trading. Gold reached $1,558.20 earlier this morning. If...
    (Read More)
    By Barry Stuppler
    | July 11 2011
    Posted in Daily Market Report

  7. Weekly Market Report 7/11/11

    GOLD Gold investors were very happy last week. Gold was up every day, increasing $58.80 per ounce (3.98%) in just one week, and closing at $1,541.60 per ounce on Friday. The price increase started in Asia and the Middle East over the 4th of July holiday after gold had bottomed out at $1,478 on July 1st. Gold continued its bull...
    (Read More)
    By Barry Stuppler
    | July 11 2011
    Posted in Weekly Market Report

  8. Gold poised to hit record high at $1,582 an ounce

    The gold outlook for next week is moderately bullish. Analysts say the next key upside chart resistance is the swing high from June 22 at $1,559.30. If the market broke through that ceiling, it would target a retest of the $1,577.70 high. On the downside, initial support lies at $1,522.20. Gold prices rallied on Friday, as the August Comex contract hit its highest level since June 23, after a sharply weaker-than-expected US June employment report. August futures settled at $1,541.60 an ounce, up four per cent for the week...

    (Read More)
    July 11 2011
    Posted in News Articles

  9. Daily Market Update 7/08/11

    GOLD Today’s disappointing U.S. jobs report, driving our employment rate to 9.2%, was negative for the U.S. Stock Market, but bullish for Gold which rallied $10.20, trading at $1,542.30 an ounce at 11am PDT.  Why did gold rally on a poor Jobs report? Because, this news makes another round of quantitative easing far more likely. I will provide more information...
    (Read More)
    By Barry Stuppler
    | July 8 2011
    Posted in Daily Market Report

  10. Daily Market Update 7/07/11

    GOLD Up, Up, and Away... the Gold rally continues with gold trading at $1,532.10, up another $3.40 an ounce at 11am PDT. It’s becoming more and more clear that the primary issue driving gold prices both up and down is DEBT. Whether it is Euro Debt, Japanese Debt, or lifting the U.S. Debt ceiling, both the positive and the negative...
    (Read More)
    By Barry Stuppler
    | July 7 2011
    Posted in Daily Market Report

Items 5281 to 5290 of 5451 total

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