Barry Stuppler

GOLD The Gold price increased today, as U.S. retail sales in January fell more than forecast, signaling a cooling economy and increasing demand for Gold. At 11am PST today, Gold is trading at $1,224 per ounce, up $2 per ounce with average trading volume. SILVER Silver traded just above and below the key $17 per ounce level. At 11am PST...

GOLD Last Friday’s improvement in U.S. data, as evidenced by the U.S. Department of Labor’s employment report, continues to strengthen the value and demand for the U.S. Dollar. Positive U.S. economic news keeps selling pressure on precious metals, because of the belief that interest rates within the U.S. will rise sooner than expected. Early today Gold reached a low of...

GOLD Gold opened in Asian higher this morning, trading at $1,246 before selling appeared. The market tested $1,230 and held well on good volume. At 11am PST Today, Gold is trading at $1,234 per ounce, down $8 per ounce on excellent trading volume. SILVER Silver is fighting to stay above the $17 per ounce level today. It’s been as low...

Links to recent informative articles on precious metals and rare coins: India overtakes China as world’s top gold consumer Silver Eagles vs Gold Eagles: Two Charts You Have to See Swiss Exported 1,746 Tons of Gold, Russian Deliveries Raise Questions   This Week’s Headlines: Gold Silver Recommended Investment Commitment and Diversification   GOLD After an exciting January with a very...

GOLD As I mentioned in last Friday’s blog, the Asian buyers love cheap Gold and jumped all over Gold this morning when it opened at $1,235 per ounce. The heavy Gold buying quickly took the price up to $1,244 per ounce. I would like to see Gold break back above $1,250 by Wednesday. At 11am PST today, Gold is trading...

GOLD A combination of a strong U.S. Jobs report (257,000 new jobs in January), a drop in Chinese Gold consumption for the last quarter of 2014, and a strong U.S. Dollar versus the Euro, caused Gold to drop today. This morning Gold fell to $1,228 before finding major support. Today’s decline came with the highest CME trading volume for the...

GOLD Gold continues to build a base in the $1,250 to $1,280 per ounce area. Considering January’s $100 Gold rally from the 2014 lows, this is very healthy for the market. Many of the professional commodity traders I have spoken to this week are aggressively buying Gold on dips. At 11am PST today, Gold is up $1 per ounce, trading...

GOLD Gold traded in a narrow range today, consolidating for its next attempt at the important $1,300 per ounce resistance level. For most of the day Gold trading stayed in the $1,260 to $1,265 per ounce range, reaching an inter-day high of $1,272.60. At 11am PST today, Gold is trading at $1,264 per ounce, up $1 on average trading volume...