Barry Stuppler
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Daily Market Report 8/14/15
GOLD For most of today’s trading Gold stayed within a narrow $5 high/low price range between $1,113 and $1,118 per ounce. Gold moved above the key $1,100 per ounce resistance level on Monday and held above $1,100 the remainder of the week. Breaking the recent downtrend is a very bullish sign for the future of the Gold price. At 11am...(Read More) -
Will China Play The Gold Card?
(Read More)The thrust of the article is that China, at some point, will have to revalue gold in China; which means, in other words, that China will decide to devalue the Yuan against gold. Since "mainstream economics" holds that gold is no longer important in world business, such a measure might be regarded as just an idiosyncrasy of Chinese thinking, and not politically . . . .
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Daily Market Report 8/13/15
GOLD After a five day Gold rally which took the price from $1,086 to $1,125 per ounce (a $39 increase) we saw some short term profiting taking today. This is the fourth day above the important $1,100 per ounce level and demand remains strong on both futures contracts and physical products. At 11am PDT today, Gold is trading at $1,116...(Read More) -
Daily Market Report 8/12/15
GOLD The combination of the continued devaluation of the Chinese Yuan, resulting in a weaker U.S. Dollar, is helping to drive Gold and Silver higher. Gold rallied today, reaching a high of $1,126 per ounce before seeing short term profit taking. At 11am PDT today, Gold is trading at $1,124 per ounce, up $16 on active volume. SILVER This morning...(Read More) -
Daily Market Report 8/11/15
GOLD This morning Gold continues its breakout above the key resistance level of $1,100 per ounce. Today, China devalued its currency approximately 2%, which caused the Yuan to fall to the lowest level in 3 years. Weak domestic economic data drove the Chinese central bank to devalue its currency. This move makes Gold more expensive in Chinese Yuan and could...(Read More) -
Daily Market Report 8/10/15
GOLD Gold traded down to $1,089 per ounce in early trading. Gold found excellent support and demand at that level and quickly rallied back to the $1,110 area. It appears that many of the short sellers are covering their sales. At 11am PDT today, Gold is trading at $1,105 per ounce, up $11 on active trading. SILVER Today: in early...(Read More) -
Weekly Market Report 8/10/15
Links to recent informative articles on precious metals and rare coins: Perth Mint & U.S. Mint Cannot Meet Demand as Gold Bullion Demand Surges China’s Secret Gold Hoarding Strategy Gold American Eagle bullion sales in July more than double June’s total This Week’s Headlines: Gold Silver Rare Coin Report U.S. Mint sold out of 2015 Gold High Relief Recommended...(Read More) -
Daily Market Report 8/7/15
GOLD Gold stayed within its recent trading range today after the U.S. Labor Department reported that the economy added 215,000 jobs in July and the unemployment rate remained steady at 5.3%. Gold continues consolidating in the $1,080 to $1,100 per ounce range. At 11am PDT today, Gold is trading at $1,094.56, up $4.08 on above average volume. SILVER Silver tested...(Read More) -
Gold American Eagle bullion sales in July more than double Junes total
(Read More)July 2015 was the strongest month of U.S. Mint gold American Eagle bullion sales since April 2013 . . . .
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Daily Market Report 8/6/15
GOLD Physical and future demand was very strong in overnight trading and Gold quickly rallied to its high of $1,094 per ounce. There are one or more major buyers on many of the world’s Gold exchanges when Gold gets into the $1,080 area. At 11am PDT today, Gold is up $4 per ounce, trading at $1,090 per ounce on excellent...(Read More)
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