Barry Stuppler
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Chinese and Indian gold demand boost fundamentals further
(Read More)Apologies for returning to Chinese and Indian gold demand again – but we do feel these two nations are so important for the future of the gold price given the huge amounts of gold they continue to absorb. This in total has to be close to, or even perhaps will exceed, annual new mined gold production . . . .
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Daily Market Report 12/10/14
GOLD Today Gold is digesting yesterday’s $36 per ounce increase. Early in trading Gold did make another attempt to break the $1,240 resistance level, reaching a high of $1,238.70 before sellers appeared. At 11am PST today, Gold is trading at $1,232, down $2 per ounce on average volume. SILVER Silver sold off in early trading, reaching a low of $16.82...(Read More) -
Weekly Market Report 12/8/14
Links to recent informative articles on precious metals and rare coins: ECB Preparing Broad Stimulus Plan, All Assets but Gold on the Table for Purchase This Week’s Headlines: Gold Silver Pre-order 2015 First Strike BU Gold & Silver Eagles & Gold Buffalo Recommended Investment Commitment and Diversification GOLD The U.S. Department of Labor released a report last Friday...(Read More) -
Daily Market Report 12/9/14
GOLD Gold tested the next resistance level of $1,240 by reaching $1,238 per ounce this morning. This first attempt was driven by a weaker U.S. Dollar and fresh buying, with excellent trading volume that was about double that from yesterday. At 11am PST today, Gold is trading at $1,234, up $36 per ounce on excellent volume. SILVER There was strong...(Read More) -
Daily Market Report 12/8/14
GOLD Gold wants to consolidate its price, trading in a narrow $12 high/low range today. The high has been $1,200.50 and the low earlier today was $1,188.40. At 11am PST today, Gold is trading at $1,198 per ounce, up $8 from Friday on average volume SILVER Silver reached a low of $16.16 per ounce this morning before see fresh...(Read More) -
Daily Market Report 12/5/14
GOLD Today’s report from the U.S. Department of Labor, showing an increase of 321,000 new jobs in November, affected precious metals negatively. The jobs increase puts 2014 on track to be the best year for U.S. jobs since 1999, while keeping the unemployment rate at 5.8%. At 11am PST today, Gold is trading at $1,190 per ounce, down $17 per...(Read More) -
ECB Preparing Broad Stimulus Plan, All Assets but Gold on the Table for Purchase
(Read More)The European Central Bank’s Governing Council expects to consider a package of broad-based asset purchases including sovereign debt next month. ECB President Mario Draghi said today that policy makers “won’t tolerate” a prolonged period of low inflation, and that officials discussed “all assets but gold” as potential targets for purchases . . . .
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Daily Market Report 12/4/14
GOLD Gold is trading in a nice $13 range above the $1,200 per ounce support level. A little consolidation after Monday’s high volatility is very healthy for the market. At 11am PST today, Gold is trading at $1,207 per ounce, unchanged from yesterday on average trading volume. SILVER Silver is showing more price support and demand than Gold. At 11am...(Read More) -
Daily Market Report 12/3/14
GOLD Gold traded today between $1.194 and $1,215 per ounce, finding good support. After Monday’s volatility it is very healthy for the price to stabilize above $1,200 per ounce. At 11am PDT today, Gold is trading at $1,207 per ounce, up $8 on average volume. SILVER Silver traded between $16.22 and $16.60 per ounce today, showing excellent support. At 11am...(Read More) -
Daily Market Report 12/2/14
GOLD Today the U.S. Dollar strengthened significantly versus the Euro, coming down to $1.22 to 1. The strong dollar helped drive down the value of Gold to under $1,200 per ounce. Considering yesterday’s $80 Gold rally, a small correction would be expected. Gold has traded in the U.S. markets above and below the $1,200 per ounce level for most of...(Read More)
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