Barry Stuppler
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Daily Market Report 9/9/16
GOLD Gold and the DJIA both dropped today on concerns that some positive economic news will result in the Federal Reserve raising interest rates this month. At 11am PDT today, Gold is trading at $1,332 per ounce, down $5 on active volume. SILVER Silver followed Gold lower this morning, reaching a low of $19.22 before finding excellent demand. At 11am...(Read More) -
Daily Market Report 9/8/16
GOLD The Gold price is showing short term profit taking after the recent $40 rally. Gold traded between $1,335 and $1,350 per ounce today on excellent volume. At 11am PDT today, Gold is trading at $1,337, down $8 per ounce on excellent volume. SILVER Silver has found a good trading range from $19.50 on the low end to a resistance...(Read More) -
Daily Market Report 9/7/16
GOLD Gold is trading above and below the $1,350 per ounce price level this morning after yesterday’s $24 rally. Gold is trading in a $10 high/low price range, from $1,353 to $1,343 per ounce. At 11am PDT today, Gold is trading at $1,345 per ounce, down $4 on average volume. SILVER Silver reached a high today of $20.15 before seeing...(Read More) -
Weekly Market Report 9/6/16
(Read More)Gold & Silver tested their lows and held, now the rally begins . . . .
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More disappointing U.S. data propelling gold towards $1,350
(Read More)We have recently speculated as to how the gold price might perform now U.S. execs are back at their desks after holidaying in the summer sunshine . . . .
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Daily Market Report 9/6/16
GOLD This morning Gold opened strong in Asian trading and continued that strength in European and U.S. markets. Gold demand from jewelry manufactures showed dramatic pick up after the August holidays. Gold reached a high of $1,352.20 on excellent demand. At 11am PDT today, Gold is up $24 per ounce, trading at $1,349 per ounce on heavy volume. SILVER Silver...(Read More) -
Avoid Paper Gold - “Gold Delivery” Refused by Gold Exchange Traded Commodity
(Read More)"Delivery of gold" has been refused by a popular German gold exchange traded commodity (ETC), Xetra-Gold, which is offered by Deutsche Bank, in the latest example of the risk of owning gold exchange traded commodities (ETCs), exchange traded funds (ETFs) and indeed most institutional gold investment offerings . . . .
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Daily Market Report 9/2/16
GOLD This morning’s weaker than expected U.S. Jobs report, showing an increase of only 151,000 jobs in August, was bullish for precious metals. This report strengthens the argument of those who say there will not be an interest rate hike anytime soon. After reaching a 2-month low of $1,302 on Thursday, Gold rallied this morning after the U.S. Jobs report...(Read More) -
U.S. Mint sells last 2016 American Eagle platinum bullion coins
(Read More)The 20,000-coin limit to authorized purchasers was reached Aug. 26. The U.S. Mint authorized a maximum production in 2016 of 20,000 American Eagle 1-ounce .9995 platinum bullion coins . . . .
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Daily Market Report 9/1/16
GOLD Gold reached a low of $1,302 in early Asian trading. At that point bargain buyers appeared and quickly took the price up $10 per ounce. As we approach the holiday weekend, it will be interesting to watch the Asian and European markets trading on low volume. At 11am PDT today, Gold is trading at $1,313 per ounce, up $5...(Read More)





