Barry Stuppler

GOLD A short term rally in the U.S. Dollar has negatively affected both Gold and the commodity markets this morning. Gold demand for physical investment products remains strong. At 11am PDT today, Gold is trading at $1,264 per ounce, down $27 on average volume.   SILVER Silver is testing its $17 per ounce support level today. After seeing a 30...

GOLD Gold rallied $20 this morning based on some bullish factors: Starting June 1, China’s customs and central bank will allow companies that have done frequent Gold transactions crossing the border to apply for a single permit that will allow up to 12 Gold shipments per year. This should increase Chinese Gold demand. In April, the U.S. economy added 160,000...

GOLD Today is the third day in a row that the Gold price is consolidating between $1,270 to $1290 per ounce. I believe Gold is building a firm base before breaking above the key $1,300 per ounce resistance level. At 11am PDT today, Gold is down $2, trading at $1,272 on good volume. SILVER Silver is finding heavy futures and...

GOLD Gold is continuing its price consolidation today, as the price trades in the $1,270 to $1,290 per ounce price range. I believe Gold is building a firm base before breaking above the key $1,300 per ounce resistance level later this month. At 11am PDT today, Gold is down $14, trading at $1,274 on good volume.   SILVER The Silver...

GOLD A 20-ton increase in Gold holdings at the ETF (GLD) depository, combined with a weaker U.S. Dollar, caused Gold to make its second attempt at breaking the $1,300 per ounce resistance barrier. Gold reached a high today of $1,302 before sellers drove the price down to major support of $1,282 per ounce. Remember, the third attempt to break a...

GOLD Gold had its 2nd attempt at breaking above the important $1,300 per ounce level. In early European trading Gold reached a high of $1,304 based primarily on a weaker U.S. Dollar. Then, trading volume picked up and Gold sold off, moving back to $1,290 before finding sizeable buying. At 11am PDT today, Gold is trading at $1,292 per ounce...

GOLD Yesterday the Commerce Department announced that the U. S. economy expanded at the slowest pace in two years. This news clearly confirms that interest rates aren’t going up and Gold remains very bullish. With Gold breaking back above the key $1,250 per ounce resistance level on Wednesday, many professional traders became optimistic. Gold reached $1,296 this morning, a new...

GOLD Gold quickly moved above the key $1,250 per ounce price level this morning and kept on going. Many professional traders went long on Gold after firmly breaking above the $1,250 resistance level, which took the spot price of Gold to $1,266 very quickly. At 11am PDT today, Gold is up $19 per ounce, trading at $1,264 on excellent volume...

GOLD The bulls came back to the Gold market this morning as the price moved up to $1,251.20 per ounce in Asian markets. Moving back above the key $1,250 resistance/support level is important and hopefully it will finally stay there. U.S. Federal Reserve meetings end today and they will release a statement around 11am PDT today. That statement should show...