Barry Stuppler
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It’s Time to Hold More Cash and Buy Gold
(Read More)Gold is a regarded as a hedge against market turbulence by Bank of America who, in a note to clients, advised holding gold and paper currency at this time . . . .
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Daily Market Report 5/20/15
GOLD Yesterday precious metals sold off sharply as the result of a surging U.S. Dollar. While Gold fell below the 200-day moving average of $1,216, it held above the very important $1,200.00 support level. Today, Gold tested, and held, the $1,200 support level again. I am looking for Gold to stabilize within the $1,200 and $1,220 per ounce trading range...(Read More) -
Daily Market Report 5/19/15
GOLD This morning the European Central Bank’s suggestion that it may speed up bond buying caused the U.S. Dollar to rally and precious metals to sell off. Today’s decline in the Gold price broke the five day rally, while testing the key $1,200 per ounce support level. At 11am PDT today, Gold is trading at $1,209, down $18 per ounce...(Read More) -
Weekly Market Report 5/18/15
Links to recent informative articles on precious metals and rare coins: China Goes After Dollar with Gold Fix Why China Is Taking Control of Physical Gold Pricing WGC 2015 1st Qtr Gold Demand Report Germans pile into gold amid Greek Eurozone default fears This Week’s Headlines: Gold Silver Recommended Investment Commitment and Diversification GOLD Gold has traded in...(Read More) -
Daily Market Report 5/18/15
GOLD Gold is up again this morning on fresh Asian buyers. Gold has been up five straight days, breaking above the $1,220 resistance level each day. Hopefully, Gold will now establish a new trading range between $1,220 and $1,260 per ounce. At 11am PDT today, Gold is trading at $1,227 up $3 per ounce on average volume. SILVER Silver is...(Read More) -
Daily Market Report 5/15/15
GOLD Yesterday’s weak economic data (with the U.S. Producer Price Index falling by .4% in April) helped precious metal prices. This news, combined with a weaker U.S. Dollar, helped Gold break above the 200-day moving average of $1,218, as it recorded an intra-day high of $1,228 per ounce. Today Gold is showing excellent global support above the $1,220 per ounce...(Read More) -
Germans pile into gold amid Greek Eurozone default fears
(Read More)Economic uncertainty in Europe and fear of a Greek default are turning people to buy gold bars and coins . . . .
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Daily Market Report 5/14/15
GOLD This morning the World Gold Council (WGC) released the official Gold supply and demand numbers for the 1st quarter of 2015. The report showed that investment demand increased to 278.8 metric tonnes from 268 metric tonnes in the 1st quarter of 2014. The WGC report also showed that Gold Exchange Traded Funds (ETFs) increased their holdings by 25.7 tonnes...(Read More) -
Daily Market Report 5/13/15
GOLD Gold moved back above the key $1,200 per ounce resistance level, reaching a high of $1,219. The move up was based on this morning’s report from the Bank of England. The report stated that Greece is ’Not Complacent’ on its debt and the risk of default is high. European Union data confirmed today that Greece slipped back into recession...(Read More) -
Why China Is Taking Control of Physical Gold Pricing
(Read More)The Chinese have always been in love with gold. And this year especially China is taking several steps to rattle gold markets ... Estimates say China has amassed thousands of tons of gold reserves that could rival the United States in the future . . . .
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