Barry Stuppler
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China is on a massive gold buying spree
(Read More)Gold imports to China have surged over 700% since 2010 ... exactly what China is doing with all that gold remains somewhat of a mystery . . . .
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Daily Market Report 2/11/16
GOLD Gold broke above the key $1,200 long term resistance level and the big money rushed in. Gold reached a high today of $1,262 on massive exchange trading volume of over 300,000 hundred-ounce April Gold contracts on the CME. At 11am PST today, Gold is trading at $1,248 per ounce, up $56 per ounce on massive volume. SILVER Silver...(Read More) -
Why Gold Has Been on a Tear in 2016
(Read More)The stock market is having a horrible time so far in 2016, with the S&P 500 down more than 9%. Gold, on the other hand, is up nearly 10% year-to-date and hit a four-month high of just under $1200 per ounce on Monday . . . .
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Daily Market Report 2/10/16
GOLD The Gold short sellers were able to drive the price down to $1,181 in Asian trading this morning. However, at that price fresh buying appeared and drove the price back above $1,190 again. It is very healthy for Gold to consolidate its recent gain while building a base above $1,180 for its next move above $1,200 per ounce. At...(Read More) -
Daily Market Report 2/9/16
GOLD Gold unsuccessfully tested the important $1,200 per ounce resistance level again, reaching $1,199.20 per ounce. The weaker worldwide equity markets continue to drive fresh buyers into the precious metal markets. At 11am PST today, Gold is down $1, trading at $1,195 per ounce on excellent volume. SILVER Silver reached a high this morning of $15.47 before seeing some...(Read More) -
Weekly Market Report 2/8/16
(Read More)Gold & Silver trading at 2016 highs and 12 reasons why it will continue . . . .
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Daily Market Report 2/8/16
GOLD This morning the equity markets continue to decline as Gold moves higher, up over $35 since Friday’s close. The Gold market is testing its major $1,200 long term resistance level for the first time in eight months. A successful move above $1,200 (the Gold long term resistance level) would bring in serious institutional money. At 11am PST today, Gold...(Read More) -
Will Global Debt Boost Gold?
(Read More)A global debt time bomb is ticking. What does it mean for the global economy and the gold market . . . .
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Daily Market Report 2/5/16
GOLD Great week for Gold investors, with the price up $40 per ounce, and breaking above the key $1,150 per ounce resistance level. Gold reached a high this morning of $1,163 before seeing some weekend, short term, profit taking. At 11am PST today, Gold is trading at $1,158, up $3 per ounce on better than average Friday volume. SILVER...(Read More) -
Daily Market Report 2/4/16
GOLD The rally continues with Gold reaching a high of $1,157 per ounce. Today was the first day this year that Gold broke above the important $1,150 per ounce resistance level. I would expect to see some consolidation above/below the $1,150 level before moving on to the next resistance level of $1,200 per ounce. At 11am PST today, Gold is...(Read More)
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