Barry Stuppler
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Gold price not being driven by fundamentals
(Read More)Since around mid-June, gold prices have come under substantial selling pressure. One of the main drivers behind this fall has been the on-going debate about interest rates . . . .
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Daily Market Report 7/31/15
GOLD Gold hit the $1,080 per ounce support level this morning, then reversed its downtrend after the Dollar fell based on weaker-than-expected U.S. economic data reported from the Department of Labor. Demand for Gold continues to grow with the U.S. Mint reporting sales of 170,000 ounces of Gold Eagles in July; that is a two year high. At 11am PDT...(Read More) -
Daily Market Report 7/30/15
GOLD Today, Gold tested the support line of $1,080 and the resistance level of $1,100 per ounce and held both times. This morning Gold hit a low of $1,082 and a high of $1,099 per ounce. At 11am PDT today, Gold is trading at $1,090 per ounce, down $12 from yesterday’s after-market trading on average volume. SILVER Silver continues to...(Read More) -
Daily Market Report 7/29/15
GOLD Gold and the U.S. Dollar are treading water in a narrow high/low trading range this morning. With no relevant news, the Gold price appears to be consolidating in the current range. I really liked seeing Gold move back above the key $1,100 per ounce resistance level after today’s Federal Reserve statement. At 11:05am today, Gold is trading at $1,102...(Read More) -
Daily Market Report 7/28/15
GOLD Gold traded today in a very tight $8 high/low range, from $1,091 on the lows to $1,099 on the highs. It appears traders are waiting for direction from the upcoming Federal Reserve meeting. Demand for physical Gold products is very strong with the U.S. Mint reporting 157,000 ounces of U.S. Gold Eagles sold in July; that’s double the June...(Read More) -
Weekly Market Report 7/27/15
Links to recent informative articles on precious metals and rare coins: Gold’s Two Stories: Paper Markets Collapse... While The Retail Public Buys At A Record Pace WGC Q3 Market Commentary US Mint to resume sales of American Eagle silver bullion coins July 27 This Week’s Headlines: Gold Silver Rare Coin Market Report US Mint announced 2015 High Relief Gold coin...(Read More) -
Daily Market Report 7/27/15
GOLD In early trading Gold moved back above the key $1,100 per ounce resistance level in active trading, reaching a high of $1,105. At that point Gold picked up some short term profit takers and started trading above and below the $1,100 per ounce level. I believe a Gold price above $1,100 per ounce is a key factor for a...(Read More) -
9.4 trillion Reasons why Europe needs a weak currency
(Read More)Ultra-loose monetary policy and lower currency value necessary for debt-hit European countries undergoing painful austerity process . . . .
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Daily Market Report 7/24/15
GOLD $1,080 is a very important support level for Gold right now. Gold hit $1,077 per ounce in overnight trading and quickly rallied back above $1,080. A confirmed breakdown below $1,080 could result in a decline to $1,044 per ounce; a historic major support level. I would like to see Gold rally back above the $1,100 resistance level by Monday...(Read More) -
US Mint to resume sales of American Eagle silver bullion coins July 27
(Read More)The United States Mint plans to resume sales to its authorized purchasers July 27 of American Eagle silver bullion coins, three weeks after sales were suspended so depleted inventory could be replenished . . . .





