Barry Stuppler

GOLD After a $24 increase yesterday on heavy volume, we saw some short term profit taking this afternoon. Gold did reach $1,340 per ounce this morning before selling off to $1,318 where it found support. At 11am PDT today, Gold is trading at $1,322 per ounce, down $14 on excellent volume. India purchases record amount of Gold despite increased duties...

GOLD The bulls are back and the shorts are running for cover this morning in the Gold pits. Gold opened in Asia this morning up $1,325 and kept on moving higher. Considering this is the normally weak summer months, Gold demand has been exceptionally strong. At 11am PDT, Gold is up $20.40 per ounce, trading at $1,336 per ounce on...

This Week’s Headlines: Gold Is the drop in GLD’s Gold holdings Bullish or Bearish? Rare Coin Update Silver Recommended Investment Commitment and Diversification GOLD Last week Gold tested its support, breaking below the key $1,300 resistance level twice and reaching a low of $1,271 per ounce before finding support. Last Thursday the bullish Chinese import/export numbers were released and Gold...

GOLD Yesterday was the most positive day I have seen for Gold in the past two weeks. Not only was it up $24 per ounce, but it successfully moved above the key $1,300 per ounce resistance level on the highest volume of the week. Today, Gold is holding in a tight price range above $1,300 per ounce. At 11am PDT...

GOLD Gold rallied $23 today on better-than-expected growth in both Chinese exports and imports data which was released this morning. This news eased concerns about the outlook of China’s economy, and raised hope that stabilization there could propel faster growth worldwide. Chinese exports in July rose 5.1% from a year ago, better than the 3% analysts had expected. And imports...

GOLD After six days of declines Gold finally turned higher this morning on light volume. Gold traded in a narrow $16 per ounce range, $1,273 on the low and $1,289 for the high. Physical demand for Gold investment products continues to grow at a record pace globally. At 11am PDT today, Gold is trading at $1,286 per ounce, up $3...

GOLD Gold was sent lower last with Europe’s improving economic reports. Another negative that caused Gold to move lower this morning was that the holdings in the SPDR Gold Trust, (GLD) the world’s largest gold-backed exchange-traded fund, (Paper Gold) fell on Friday to 917 tonnes, a four-year low. At 11am PDT today, Gold dropped $20 per ounce, trading at $1,283...

GOLD Gold tested the very important $1,300 per ounce resistance level again this morning, reaching $1,297 per ounce at one point. Gold quickly rallied back above $1,300 on good demand. At 11am PDT today, Gold is trading at $1,303 per ounce, down $10 per ounce. SILVER Silver did rally above $20 per ounce this morning, reaching $20.06, before seeing selling...

This Week’s Headlines: Gold The Federal Reserve keeps the stimulus coming Silver Collectible Coin Protection Act Recommended Investment Commitment and Diversification GOLD For two weeks now spot Gold has closed above the important $1,300 per ounce level. During the past two weeks Gold traded below $1,300 twice, but managed to close above it. The most noteworthy was last Friday when...

GOLD Last night, while Asian precious metal markets were actively trading, a rumor came back about a significant increase in today’s official U.S. employment rate. This rumor drove the Gold price down to $1,282 per ounce (breaking the $1,300 per ounce support level) which caused many technical traders to sell and short Gold. Well, the employment number came in at...