Barry Stuppler
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Daily Market Report 11/25/15
GOLD Gold trading was very light today, staying in the $1,070 to $1,080 price range. The Gold market will be closed tomorrow (Thanksgiving Day) and it will be open ½ day on Friday. At 11am PDT today, Gold is trading at $1,071, down $4 on light trading. SILVER Silver reached a low of $14.03 in early morning trading before...(Read More) -
You Can’t Eat Gold or a Debt Sandwich
(Read More)In one hand we hold gold, which is eternal, beautiful, and valuable everywhere. In the other hand we are stuck with a debt sandwich. That sandwich is a massive slab of debt wedged between an impressive military war machine...and a huge welfare system that spends money even more rapidly . . . .
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Daily Market Report 11/24/15
GOLD Gold rallied this morning based on the weakness of the U.S. Dollar versus the Euro. Trader’s felt that the reason for the sell off in the U.S. Dollar was a result of the Russian jet being shot down by Turkey. At 11am PDT today Gold is up $7 per ounce, trading at $1,075 per ounce on average volume. ...(Read More) -
Russian Gold reserves grow by 600,000 ounces in October
(Read More)The value of Russian gold reserves rose by 3.45% to $50.58 Billion in October as compared to $48.89 Billion recorded in September . . . .
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Weekly Market Report 11/23/15
Links to recent informative articles on precious metals and rare coins: China’s yuan takes another step towards SDR basket inclusion Gold remains the best insurance for a crisis Chinese savers turn to Gold as rest of the world exits holdings This Week’s Headlines: Gold How do I feel about the Gold price? What do I expect to see for...(Read More) -
Daily Market Report 11/23/15
GOLD This morning the U.S. Dollar approached a new 10-year high versus the Euro. This, combined with the current trend, has caused the Gold price to reach a low of $1,066.80 per ounce. At 11am PDT today, Gold is down $9.00, trading at $1,068 per ounce on normal volume. SILVER Silver sold off with Gold this morning, reaching a...(Read More) -
Daily Market Report 11/20/15
GOLD Asian short covering of Gold contracts took the price up to $1,088 per ounce this morning. Many professional traders try to be flat (not long or short) on Fridays, eliminating any market risk over the weekend. After reaching $1,088 this morning sellers appeared, taking the price down $10 per ounce. At 11am PDT today, Gold is down $1, trading...(Read More) -
Chinese Savers Turn to Gold as Rest of the World Exits Holdings
(Read More)Even as investors shed gold holdings almost everywhere else in the world, Chinese savers like Hu Jingjing are buying . . . .
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Daily Market Report 11/19/15
GOLD There was sizeable bargain buying of Gold in the Asian markets this morning. That buying caused the Gold price to rally from $1,069 to $1,087.00, then the bears came back, driving the price back under $1,080 per ounce. At 11am PDT today, Gold is up $10 per ounce, trading at $1,078 per ounce with normal volume. SILVER During...(Read More) -
Daily Market Report 11/18/15
GOLD The U.S. Dollar continues to strengthen ($1.04 versus the Euro) while the Gold price remains under attack from professional short sellers and chart technicians. Recent Gold trading remains weak as Gold hits new multi-year lows, approaching the 2010 low of $1,058 per ounce. At 11am PDT today, Gold is down $2 per ounce, trading at $1,068 on average volume...(Read More)
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