Barry Stuppler
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Daily Market Report 4/22/15
GOLD Gold traded above $1,200 today until the US markets opened, at which time the Bears came in, putting pressure on the market. I suspect this happened as the Eurozone released disappointing data which initially affected the US Dollar. We’re still waiting to see what happens with Greece and what major developments may be on the horizon, but until then...(Read More) -
Daily Market Report 4/21/15
GOLD Gold traded today in a very narrow $10 high/low price range ($1,193 to $1,203 per ounce). Physical demand for Gold continues to grow as Russia purchases one million ounces in March. Read the article at:www.mintstategold.com/investor-education/russia_currency_wars/. At 11am PDT today, Gold is trading at $1,202 per ounce, up $7 per ounce on excellent volume. SILVER Silver has been above and...(Read More) -
Currency Wars Back As Russia Buys One Million Ounces of Gold in March
(Read More)Russia increased its gold holdings by one million ounces in March, bringing its total reserves to nearly 40 million ounces or 1,238 metric tonnes. The Russian one million ounce gold purchase is a large one even by Russian standards as in recent years they have consistently been buying roughly 300,000 ounces per month . . . .
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Weekly Market Report 4/20/15
Links to recent informative articles on precious metals and rare coins: China Gold Reserves Rise To Threatening Level Silver and Gold Will Thrive Beyond Debt Growth This Week’s Headlines: Gold Silver Going to Schaumburg, IL for the Central States Coin Convention Recommended Investment Commitment and Diversification GOLD Last week Gold tested the $1,200 level for the sixth time...(Read More) -
Daily Market Report 4/20/15
GOLD This morning Gold broke down below the $1,200 resistance level again as the U.S. stock market recoups much of Friday’s big loss. A speech by New York Fed President Dudley, in which he reiterated his stance that he hopes the FOMC will begin raising rates later this year, also put pressure on the precious metal prices. At 11am PDT...(Read More) -
Daily Market Report 4/17/15
GOLD Gold continues to remain stuck in its recent trading range. Physical demand for Gold investment products has picked up every day this week on the dips, while speculative trader and perhaps producer selling appears on the rallies. It was reported today that U.S. core inflation for the month of March has increased to 1.8%. The Stock Market is down...(Read More) -
Silver and Gold Will Thrive Beyond Debt Growth
(Read More)The common theme is that GDP, debt, sales, and much more increased exponentially. Our world is based on exponential economic growth. Consider a few HYPOTHETICAL examples of what we accept as normal . . . .
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Daily Market Report 4/16/15
GOLD This morning Gold moved higher in Asian trading, reaching a high of $1,209.60. At that time selling appeared and drove the price back under the important $1,200 per ounce level. The traders term for the recent trading activity in Gold is “Range Bound”, because, with a few brief exceptions, Gold has traded between $1,180 and $1,220 per ounce. At...(Read More) -
Daily Market Report 4/15/15
GOLD After hitting $1,188 per ounce in Europe this morning, fresh Gold buying appeared. The demand drove the price of Gold back above the key $1,200 resistance level. The tug-of-war between the Gold bulls and bears continues, while the price consolidates in the $1,200 area. At 11am PDT today Gold is trading at $1,202 per ounce, up $9 on excellent...(Read More) -
Daily Market Report 4/14/15
GOLD The Chinese released some negative economic data this morning which drove down the price of Gold, testing support at $1,183.50 per ounce. Gold continues to consolidate in the $1,180 to $1,220 per ounce price range. At 11am PDT today, Gold is trading at $1,193 per ounce, down $7 per ounce on better than average trading volume. SILVER When Gold...(Read More)
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