Barry Stuppler
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Sharia Law Change Could Add 1.6 Billion Gold Investors
(Read More)The gold market might soon find 1.6 billion new buyers when the Islamic world makes a clarification to its Sharia law . . . .
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Daily Market Report 7/22/16
GOLD Gold moved lower this morning on light trading volume. There was excellent support above $1,320 per ounce with a lack of sellers. At 11am PDT today, Gold is trading at $1,324 per ounce, down $7 on light volume. SILVER Silver tested the $20 per ounce resistance level this morning, reaching a high of $19.97 per ounce. At that point...(Read More) -
Daily Market Report 7/21/16
GOLD Today, Gold moved higher on excellent demand, reaching its recent trading range above the $1,330 per ounce level. At 11am PDT today, Gold is trading at $1,331 per ounce, up $12 on excellent volume. SILVER Silver followed Gold higher today, hitting a high of $19.81 per ounce. Physical and futures contract demand remains strong. At 11am PDT today, Silver...(Read More) -
Gold to hit $3,000 to $5,000 an ounce
(Read More)Dubai : The bullion proved to be a lucrative asset class when it rallied substantially last month, reaching its highest level since the global recession in 2008, after the controversial Brexit vote. Although signs became apparent over the last few days that the rally started to ease, the yellow metal again moved higher on Friday when reports of a Turkish coup attempt broke out . . . .
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Daily Market Report 7/20/16
GOLD A strong U.S. Dollar and positive U.S. economic housing news drove the spot Gold price down to $1,313 per ounce this morning. Once Gold broke below the recent $1,330 support level, trading volume picked up and fresh bargain buyers appeared. At 11am PDT today, Gold is trading at $1,319 per ounce, down $13 on active volume. SILVER Silver declined...(Read More) -
Daily Market Report 7/19/16
GOLD Gold continues to trade in a very tight range. Today’s high/low trading range was only $9 per ounce, from $1,334 to $1,325 per ounce. Gold’s consolidation is very healthy after the 25% increase in the first half of 2016. I am still looking for a break out of this trading range within the next month and a move towards...(Read More) -
Weekly Market Report 7/18/16
(Read More)Gold & Silver price consolidating – July CoinStats is now available . . . .
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Daily Market Report 7/18/16
GOLD With little to no news affecting the precious metal markets, Gold is trading in a narrow $12 high/low range from $1,335 to $1,323 today. Gold continues to consolidate its 25% increase this year, while building an excellent base for the next leg higher, $1,400 per ounce. At 11am PDT today, Gold is trading at $1,329 per ounce, up $1...(Read More) -
Daily Market Report 7/15/16
GOLD The Bank of England (BoE) was expected to lower its interest rate by ¼ of percent, but decided against it and the Gold market sold off, reaching a low of $1,322 per ounce. Again, like in the recent past, Gold found fresh bargain buyers driving up the price. At 11am PDT today, Gold is trading at $1,328 per ounce...(Read More) -
Daily Market Report 7/14/16
GOLD Gold sold-off this morning on a strong equity market, reaching a low of $1,320 per ounce. Like in the recent past, bargain buying jumped into the market at that level, quickly driving the price back to $1,335 per ounce. The Gold price consistently finds buying on any sell-off. At 11am PDT today, Gold is trading at $1,333 per ounce...(Read More)
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