Barry Stuppler
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Daily Market Report 10/13/16
GOLD With today’s report of weak economic growth in China and a strong U.S. Dollar, Gold has held above the key $1,250 level. Clearly, Gold is showing excellent support at this level in the face of negative news. At 11am PDT today, Gold is up $5, trading at $1,258 per ounce on excellent volume. SILVER Silver continues to stabilize while...(Read More) -
Daily Market Report 10/12/16
GOLD Gold continues to build a base in the $1,250 to $1,260 price range on good volume. I would expect to see a breakout of this range (hopefully higher) by Friday. Physical demand for popular Gold investment products is very strong in Asian, Middle Eastern, and European markets. At 11am PDT today, Gold is down $3, trading at $1,253 per...(Read More) -
Daily Market Report 10/11/16
GOLD Gold has traded in a narrow $10 high/low price range today, from $1,262 to $1,252 per ounce. After the recent price decline, it would be healthy for the Gold price to stabilize for a while. At 11am PDT today, Gold is trading at $1,256 per ounce, down $3 on good volume. SILVER Silver is currently trading in a short...(Read More) -
Weekly Market Report 10/10/16
(Read More)Last week’s decline provides great opportunity to buy Gold/Silver . . . .
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Daily Market Report 10/10/16
GOLD Asian and Mid-Eastern precious metal buyers helped stabilize the price this morning. Gold showed excellent demand today on a $5 rally. I think the worst of the recent decline is over, and the Gold price should gradually work its way back to the $1,300 price level. At 11am PDT today, Gold is trading at $1,259 per ounce, up $5...(Read More) -
Here’s Why Gold is Now Poised to Run to $1,550 and Beyond
(Read More)Technical analyst Gary Savage examines gold’s recent big pullback, and explains why the downturn is a healthy part of a much larger bullish move higher for the yellow metal . . . .
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Daily Market Report 10/7/16
GOLD $1,250 per ounce is an excellent support level, and today Gold briefly broke below it, reaching $1,242 before quickly rallying back. Monday will be an important day to find out how much support the Asian, Middle Eastern, and European markets will provide. At 11am PDT today, Gold is trading at $1,254, up $3 on active volume. SILVER After hitting...(Read More) -
3.2 million oz of COMEX paper gold crashed the price on Tuesday 10-4-16
(Read More)The evidence is out. 3.2 million ounces of gold futures, not gold, were traded in the first few minutes after New York opened the day before yesterday. This is what caused the fall triggering stop losses . . . .
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Daily Market Report 10/6/16
GOLD Gold hit a four month low this morning of $1,250 per ounce, a major support level, before finding sizeable buying. I believe the worst is over, Gold should find support at this level and, after a short period, start moving back to the important $1,300 level. This week’s decline was focused on cleaning out the short term speculators and...(Read More) -
Gold Holds Near Three-Month Low on Rate Outlook Before Jobs Data
(Read More)Gold held near a three-month low as investors awaited Friday’s U.S. jobs report for more clues on when the Federal Reserve will raise interest rates amid growing expectation for a hike soon . . . .
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