Barry Stuppler
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Daily Market Report 3/11/16
GOLD After Gold reached a high of $1,283 per ounce this morning (a 13 month high), short term profit taking hit the market. That selling took the price down to $1,255 before major buying came back. At 11am PST today, Gold is down $13 per ounce and trading at $1259 on high volume. SILVER Silver found strong support this...(Read More) -
Daily Market Report 3/10/16
GOLD This morning was the second time this week that Gold briefly broke below the key $1,250 per ounce support level. In early Asian trading today, Gold reached a low of $1,245.40 per ounce. At that point, the U.S. Dollar weakened on a statement from ECB Chairman Mario Draghi, that it is unlikely the Eurozone interest rates would drop. Then...(Read More) -
Gold beats everything in 2016
(Read More)After another annual loss in 2015, its fourth year in a row, the precious metal has plotted a new course, one that has ferried it to the lead position among all other major asset classes in 2016 . . . .
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Daily Market Report 3/9/16
GOLD A stronger U.S. Dollar caused Gold to test its $1,250 per ounce support level this morning. Gold reached a low of $1,243 before sizeable buying appeared, driving the price back up to $1,260 per ounce. It’s clear to me that professional traders have set their program trading software to buy Gold on any weakness. At 11am PST today, Gold...(Read More) -
Daily Market Report 3/8/16
GOLD Gold reached a high of $1,278 per ounce this morning before seeing short sellers and light profit taking. Gold showed excellent support above the $1,260 level and is still in an excellent consolidation phase. The next major factors that would have a direct effect on the Gold price are Thursday’s policy statement by the European Central Bank, followed by...(Read More) -
China’s Global Gold Strategy
(Read More)Gold expert Willem Middelkoop explains how much gold China really controls and what it intends to do with it . . . .
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Weekly Market Report 3/7/16
(Read More)Gold up 20% this year and moving higher . . . .
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Daily Market Report 3/7/16
GOLD For most of today’s Gold trading in the U.S. market, Gold has stayed in the $1,260 to $1,268 per ounce range. A price consolidation at this point in the 2016 Gold rally is very healthy for the short and long term. At 11am PST today, Gold is up $3 per ounce, trading at $1,265 per ounce on normal volume...(Read More) -
Daily Market Report 3/4/16
GOLD This morning the U.S. Labor Department released the February unemployment report. There were 242,000 new jobs created in February and the unemployment rate is still at 4.9%. When this news was released, Gold was trading at $1,260 and immediately dropped to $1,250 per ounce. Then within 10 minutes, massive buying appeared and the Gold price shot back up to...(Read More) -
Investors Not Believing Economic Data, Still Prefer Gold
(Read More)Investors could be a little skeptical of the recent slew of better-than-expected U.S. economic data, which is helping gold prices in the short term, according to some analysts . . . .
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