Barry Stuppler
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Daily Market Report 6/15/15
GOLD This morning’s combination of little progress with the Greek debt crisis, and a report of U.S. industrial production falling by 0.2% in May, has resulted in a nice rally in the Gold price. The Gold price continues to stay within the $1,180 to $1,220 trading range. Today’s U.S. industrial production report included a revision for April showing a 0.5...(Read More) -
Indian Silver Imports: On Track to Smash All Records
(Read More)As it pertains to silver, something big is taking place in India. While investors were amazed by the massive volume of Indian silver imports last year, 2015 may turn out to be a real whopper. Indians are buying so much silver, they are on track to surpass 2014’s record by a wide margin . . . .
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Daily Market Report 6/12/15
GOLD Gold traded today in a very thin $8 High/Low price range. The high was $1,184 and the low was $1,176 per ounce. This being Friday a narrow trading range on light volume isn’t surprising. I look for a breakout of the recent trading range very soon. At 11am PDT today, Gold is trading at $1,180.50 per ounce, down $0.50...(Read More) -
Daily Market Report 6/11/15
GOLD After a three day rally, the Gold price took a breather and sold off on light selling; the selling was caused by strong U.S. economic data. U.S. retail sales increased 1.2% in May, topping the 1.1% growth expected by economists. Plus, U.S. import prices rose in May, after 10 months of declines, while the weekly jobless claims rose slightly...(Read More) -
China Silver stockpiles surge
(Read More)The global benchmark price has fallen 17% in the past year. Silver stockpiles in China surged this year as the country’s slowing economic growth weakened demand for the precious metal, according to a state researcher . . . .
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Daily Market Report 6/10/15
GOLD Gold moved higher this morning for the third straight session. Gold’s rally was helped by a weaker U.S. dollar and worries over the Greek debt crisis. At 11am PDT today, Gold is trading at $1,187, up $9 per ounce on excellent volume. SILVER Considering today’s $9 Gold rally, the Silver price disappointingly is not moving higher. Plus, the Silver/Gold...(Read More) -
Daily Market Report 6/9/15
GOLD Gold rallied this morning on uncertainty over the Greek debt crisis. Greece proclaimed a new willingness to compromise with its international creditors on Monday, as German Chancellor Angela Merkel warned that time was running out for a reform-for-aid deal to keep the country in the Euro. A failure to agree on a deal could trigger safe-haven bids for Gold...(Read More) -
How much gold in China? 30,000 Tons?
(Read More)On May 15, the Russian news source Pravda passed along an unconfirmed story that appeared in Duowei News that the Chinese government had accumulated 30,000 tons (965 million ounces) of gold reserves.
The question of how much gold China owns now could be answered soon . . . .
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Weekly Market Report 6/8/15
Links to recent informative articles on precious metals and rare coins: China Gold demand holding up well – new record ahead? This Week’s Headlines: Gold Silver Platinum Rare Coin Report Recommended Investment Commitment and Diversification GOLD Last week Gold broke below the important $1,180 per ounce support level, reaching an inter-week low of $1,162.10 per ounce. Last Friday...(Read More) -
Daily Market Report 6/8/15
GOLD This morning Gold found excellent demand in the $1,169 per ounce area. Gold has traded today in a narrow $8 high/low price range, from $1,169 to $1,177 per ounce. I would like to see Gold move back above the key $1,180 per ounce level. At 11am PDT today, Gold is trading at $1,174 per ounce, up $5 on excellent...(Read More)
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China Is Buying A Lot Of Gold. UBS Explains Why ByMay 13 2024
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GOLD & SILVER TEST KEY SUPPORT LEVELS ByMay 13 2024
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Gold & Silver Test Key Support Levels ByMay 13 2024
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Silver Appreciates To Near $28.50 After US Jobless Claims ByMay 13 2024
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Both Gold And Silver Continue To Move Higher ByMay 10 2024