Barry Stuppler
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China gold demand surging again
(Read More)We cannot emphasize more strongly that gold followers should ignore the mainstream media reports, based on Hong Kong gold export figures to mainland China, that Chinese gold demand has plummeted by anything between 30% and 50% this year. As we pointed out in an article last week . . . .
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Daily Market Report 10/17/14
GOLD Today, with a strong U.S. Stock market, U.S. Dollar, and the 10-year Bond yield higher, Gold could only go lower from the open. I am getting a little disappointed with the lack of carry through in the Gold price during Wednesday and Thursday trading. I really would like to see Gold break above the very important $1,250 per ounce...(Read More) -
Daily Market Report 10/16/14
GOLD After yesterday’s $30 high/low price range with over 258,000 CME hundred-ounce Gold contracts being traded, today the volatility has calmed down. For most of the day Gold was trading around the $1,240 per ounce level. At 11am PDT today Gold is trading at $1,240 per ounce, down $2 per ounce. SILVER Silver is trading around $17.40 on light volume...(Read More) -
Gold imports soar 450% in India
(Read More)The Indian government has been proved right once again in not lifting its curbs on gold. Trade deficit has widened the most in 18 months, as imports of the precious metal have surged . . . .
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Daily Market Report 10/15/14
GOLD It appears that a convergence of factors are making Gold look like the ultimate safe haven investment. These factors include shockingly weak economic data from Germany; weak economic data here in the U.S.; another huge sell-off in U.S equities; an enormous rally in bonds (which see the 10-year yield below 2%); another big sell-off in crude oil; and another...(Read More) -
Daily Market Report 10/14/14
GOLD Gold has traded in a narrow $7.60 high/low price range today ($1,230.80 to $1,238.40) on average trading volume. The Gold market appears to be waiting for direction while trying to build a base. Many traders are waiting for a rally to $1,245 or above to make a short sale, but there is good price support above $1,220 per ounce...(Read More) -
Weekly Market Report 10/13/14
Links to recent informative articles on precious metals and rare coins: Opinion: Gold market sentiment takes a big turn for the worse This Week’s Headlines: Gold Silver October 2014 CoinStats Recommended Investment Commitment and Diversification GOLD The good news for Gold is that after reaching a low of $1,190 per ounce it rallied $28.80 per ounce last...(Read More) -
Daily Market Report 10/13/14
GOLD This morning Gold rallied in Asian trading, reaching a high of $1,237 before rolling into European trading when sellers appeared. At 11am PDT today, Gold is trading at $1,230.30 per ounce, up $8.60 per ounce on average volume. SILVER Silver tried to rally, reaching a high of $17.63 earlier this morning, but couldn’t hold above $17.50. Today’s trading volume...(Read More) -
Daily Market Report 10/10/14
GOLD Gold traded in a very narrow $8 high/low price range today ($1,217 to $1,225). The bias continues to be negative, considering this week’s very bullish precious metal news from the IMF and Federal Reserve, Gold should be $50 higher. At 11am PDT today, Gold is trading at $1,221.70, down $2.30 per ounce on light volume. SILVER Silver had a...(Read More) -
Daily Market Report 10/9/14
GOLD At 2pm EDT yesterday, the Federal Reserve released the minutes of its Sept 16-17, 2014 Governors meeting. During the meeting there was a heated debate among the Fed Governors over the current policy of cutting back or eliminating financial stimulus and hiking interest rates. The minutes also show concern about the rising dollar, slowing inflation, and economic turmoil in...(Read More)
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