Barry Stuppler
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Daily Market Report 9/25/14
GOLD The bears took another run at the Gold price this morning. They drove the price down to $1,206 per ounce on news of a strong U.S. Dollar and continued weak economic news from Europe, Japan, and China. After reaching today’s low, bargain buyers appeared in the Gold market and quickly drove the price up $15 per ounce on excellent...(Read More) -
Daily Market Report 9/24/14
GOLD The U.S. Dollar hit a 4-year high today versus a basket of world currencies. As the Dollar increases in value, it negatively affects the price of Gold. Gold did rally yesterday, reaching $1,234 per ounce, before seeing serious selling which caused the price to immediately drop $10 per ounce. Today, we saw Gold hit $1,215.60 before buyers appeared. At...(Read More) -
Daily Market Report 9/23/14
GOLD The U.S. Dollar has gained 7% approximately in value against the Japanese Yen and the European Euro in the past couple months. This is important to Americans, because we look at the value of Gold in U.S. Dollars. At current Gold prices, 7% is equal to $85 per ounce. This is one of the primary reasons the Gold price...(Read More) -
Daily Market Report 9/22/14
GOLD Gold continues to reach new lows during trading. This morning Gold hit a low of $1,208.40 before bargain buying appeared, driving the price back up to $1,214 very quickly. Gold is still in the bears control and we could see lower lows by month end. At 11am PDT today, Gold is trading at $1,217.40 per ounce, up $1.40 per...(Read More) -
Weekly Market Report 9/22/14
Some links to recent informative articles on precious metals and rare coins: Why Goldman Sachs is Wrong on Gold Gold imports soar 176% in India This Week’s Headlines: Gold Silver Rare Coin Update Recommended Investment Commitment and Diversification GOLD The bears continue to maintain control of the Gold market. Gold was able to rally up $12 early last week, reaching...(Read More) -
China’s long term gold plans
(Read More)China is far more adept than the capitalist West in looking to the long term and nowhere is this more apparent in its attitude towards gold . . . .
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Daily Market Report 9/19/14
GOLD The bears still have control of the Gold market, taking the price down to $1,213 per ounce earlier today. Trading volume is increasing daily and the combination of short sellers and bargain buyers is adding a lot of volatility to the price. At 11am PDT today, Gold is trading at $1,216 per ounce, down $10.50 per ounce on heavy...(Read More) -
Daily Market Report 9/18/14
GOLD After yesterday afternoon’s Federal Reserve statement on cutting back the quantitative easing, Gold quickly dropped $20 per ounce, reaching low of $1,216 (a 7-month low). Asian and European Gold demand was strong in overnight trading and the price moved up quickly to $1,226 just before the U.S. COMEX opened. At 11am PDT today, Gold is trading at $1,226.50 per...(Read More) -
Daily Market Report 9/17/14
GOLD Gold has traded in a very narrow $5 high/low trading range today, with $1,239 being the high and $1,234 per ounce being the low, on very light trading volume. There will be a breakout of this narrow range very soon and I give it a 70% chance that it will be lower. The breakout could come as soon as...(Read More) -
Why Goldman Sachs is Wrong on Gold
(Read More)Wall Street powerhouse Goldman Sachs has recently reiterated its negative view on gold, which it has held for the past year.
While I am in agreement with Goldman that the Fed will be the dominant force behind the price of gold, I believe the central bank will soon be back into the QE business, rather than raising interest rates and crushing the dollar price of gold . . . .
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