Barry Stuppler
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Russian Gold Hoard Nets $8 Billion on Worlds Best Rally
(Read More)Russia is one of the beneficiaries of this year’s 15 percent rally in gold. The Bank of Russia has steadily increased bullion reserves since at least 2006, including the purchase of . . . .
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Daily Market Report 2/19/16
GOLD After this year’s $200 rally, this weeks $70 selloff, and the resumption of the bullish higher trend, Gold is in a consolidation phase today. Gold traded between $1,220 and $1,235 per ounce today as fresh buying appeared. At 11am PST today, Gold is trading at $1,232 per ounce, unchanged from yesterday’s close with normal volume. SILVER Silver continues...(Read More) -
Daily Market Report 2/18/16
GOLD Since the beginning of the year we’ve had a $200 rally from $1,060 to $1,260 per ounce, followed by a $70 profit taking selloff down to $1,190, and now the rally continues. The Gold price tested its $1,200 support level earlier this week and held, with extraordinarily high trading volume. Now, the long term upward move continues with the...(Read More) -
China Imported at Least 217 Tonnes of Gold in December as London Dumped Precious Metals
(Read More)When there is no more gold left in London to export the gold price is likely to go higher on strong global demand induced by economic headwind. At the time of writing the spot gold price is $1,251.80 per ounce, up 18 % year to date, while the S&P 500 is down 9 % year to date . . . .
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Daily Market Report 2/17/16
GOLD In early Asian trading this morning, Gold hit a low of $1,195.60 before sizeable buying appeared. In Europe and the U.S. the Gold buyers came back and the price rallied to $1,214 on excellent demand. This test of the key $1,200 long term support/resistance level is a major Bull/Bear fight, and I think the Bulls are winning. At 11am...(Read More) -
Canada’s gold sell-off bucks international trend
(Read More)Other countries have been net buyers of gold since 2010, but not Canada. The Great White North has less than one ton left, the CBC reports. Last year’s reserve was modest enough, but . . . .
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Weekly Market Report 2/16/16
(Read More)Gold up 16%, Silver up 14% this year and moving higher . . . .
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Daily Market Report 2/16/16
GOLD Gold tested the $1,200 support level yesterday, reaching $1,202 per ounce before holiday buying appeared. This morning, Gold broke through the $1,200 resistance level; reaching a low of $1,190 after Goldman Sachs told its clients to sell Gold. After the selloff, the buyers came rushing in to take the price above $1,210 per ounce. At 11am PST today, Gold...(Read More) -
Collapse Of the Paper Gold and Silver Market May Be Close At Hand
(Read More)There is something seriously wrong taking place in the markets today. This is also true in the paper gold and silver markets as well. For a paper precious metals futures market to function properly, there has to be ample supplies of physical gold and silver. However, the ongoing trend of falling precious metal inventories points to big trouble in the paper gold and silver markets . . . .
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Daily Market Report 2/12/16
GOLD Yesterday, the CME exchange trading volume for April 100-ounce Gold contract (the most active month) was 366,882 contracts (36,688,200 ounces). This is the highest amount of Gold traded in one session on the CME since August of 2013. This happened on the same day it was stated that S&P equities have lost $2 trillion in value since the beginning...(Read More)





