Barry Stuppler
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Daily Market Report 7/10/15
GOLD Today, Gold is trading in a narrow $7 high/low trading range from $1,164 to $1,157 per ounce. Although Gold priced in U.S. Dollars was down last year and is trading near its 2015 lows, European Gold investors saw a 10% gain last year and another 8% year-to-date. U.S. interest rates should remain low for a while, bullish for Gold...(Read More) -
Daily Market Report 7/9/15
GOLD Gold is trying to consolidate in the $1,155 to $1,165 per ounce area. Speculative and physical demand has been strong when Gold trades down to the lows of $1,150’s or below. Minutes from the Federal Reserve’s last meeting, released yesterday, showed reluctance towards a near-term increase in interest rates which also added support for the Gold price. At 11am...(Read More) -
Daily Market Report 7/8/15
GOLD After reaching a low of $1,145.90 earlier this morning, Gold quickly rallied on excellent trading volume. There was strong demand from bargain buyers and financial firms, which drove the price higher. At 11am PDT today, Gold is trading at $1,164 per ounce, up $9 per ounce on healthy volume. World debt has now exceeded an astonishing $200 trillion US...(Read More) -
Daily Market Report 7/7/15
GOLD Gold sold off this morning as the ECU and IMF continue to negotiate with Greece over the debt crisis. Gold reached a low of $1,146.80 (above the $1,141 support level) in early trading on concerns that the ECU would force Greece into debt default and allow them to leave the Euro. At that price level, CME trading volume and...(Read More) -
Weekly Market Report 7/6/15
Links to recent informative articles on precious metals and rare coins: A Critical Reason To Hold Gold This Week’s Headlines: Gold Greek debt crisis worsens Silver Platinum Rare Coin report Recommended Investment Commitment and Diversification GOLD Last week Gold closed at $1,163.50 per ounce, down $9.70 for the week, and below the key $1,200 support/resistance level. Trading was...(Read More) -
Daily Market Report 7/6/15
GOLD After yesterday’s ’No’ vote in Greece, Gold quickly rallied $8 per ounce, then the Euro fell more than 1% against the U.S. Dollar, hitting $1.08. This drove Gold back down to $1,168 per ounce. European and American stock and bond markets dropped sharply after the open today, but the U.S. Market rallied back and sold off again. This morning...(Read More) -
Iran brings 13 tons of gold back home after latest round of nuclear talks
(Read More)Iran has successfully repatriated this week 13 tons of gold as part of a package of sanctions relief provided by the U.S. and other five global powers . . . .
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A Critical Reason To Hold Gold
(Read More)Gold is worth holding in diverse portfolios even despite the determined dollar strengthening trend ... Terrorism against U.S. interests within our borders pose a danger to the dollar ... Sustained disturbances or a catastrophic attack could have a lasting impact and drive gold sharply higher . . . .
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Daily Market Report 7/2/15
GOLD After the U.S. Labor Department reported that 223,000 jobs were added in June, Gold sold off, reaching a low of $1,157 per ounce. This was the third consecutive month of healthy job gains. The unemployment rate fell to 5.3%, lower than economists’ had expected. The unemployment rate is now back at levels last seen before the 2008 financial crisis...(Read More) -
Daily Market Report 7/1/15
GOLD Yesterday Greece defaulted on the 1.5 billion euros ($1.7 billion) it owes the International Monetary Fund, becoming the first developed economy to default to the IMF. It is the biggest debt default by a country ever. Greece is 323 billion euros ($352.7 billion) in debt to other European countries, the European Central Bank, and the International Monetary Fund. The...(Read More)
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