Barry Stuppler
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Why Gold Stocks Still Suck
(Read More)It is a bit hard to fathom but nearly three years have lapsed since I penned a rant called “Why Gold Stocks Suck” (Mercenary Musing, April 30, 2012) after a Cambridge House conference in Calgary.
At that time, I had little inkling that the bear market for gold exploration and mining companies would continue into its fifth year and be deeper now than in the spring of 2012 . . . .
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Daily Market Report 4/7/15
GOLD Today Gold traded in a narrow $9 range from $1,207 to $1,216 per ounce. I like this price consolidation after the recent break above the key $1,200 level. Recently, the strength or weakness of the U.S. Dollar is providing direction for the Gold price. At 11am PDT today, Gold is down $8 per ounce, trading at $1,210 per ounce...(Read More) -
Weekly Market Report 4/6/15
Links to recent informative articles on precious metals and rare coins: Kazakhstan extends gold buying spree as Russia keeps assets Gold In Fed Vault Drops Under 6,000 Tons For The First Time, After 10th Consecutive Month Of Redemptions This Week’s Headlines: Gold Fundamentals for higher Gold price continue to strengthen Silver April 2015 CoinStats in now available Recommended Investment...(Read More) -
Daily Market Report 4/6/15
GOLD This morning Gold was able to react to Friday’s disappointing Nonfarm Payroll report, opening up $11, at $1,212 per ounce, and moving to a high of $1,224.80. Currently the $1,220 level has acted has a strong resistance level, therefore it would be very bullish if Gold could move above $1,220 per ounce this week. At 11am PDT today, Gold...(Read More) -
Daily Market Report 4/3/15
GOLD Today’s release by the U.S. Labor Department of a disappointing Nonfarm payroll status is bullish for Gold. Nonfarm payroll only increased by 126,000 jobs in March, much less than was expected and earlier reports were already revised downward. This data is a high priority for the Federal Reserve when determining the direction of interest rates. I believe this will...(Read More) -
Daily Market Report 4/2/15
GOLD Four times this year the Gold bears were able to drive the Gold price below the key $1,200 per ounce support/resistance level. In one instance they were able to drive Gold low enough to make a new 2015 low ($1,141.60 on March 17th). In all four instances, sizeable demand appeared on the world’s commodity exchanges and physical markets to...(Read More) -
Daily Market Report 4/1/15
GOLD One of the primary indicators of the Federal Reserve Governors in determining the direction of interest rates is U.S. manufacturing. This morning, U.S. manufacturers reported activity in March that had slowed for the fifth consecutive month. The ISM’s manufacturing purchasing manager’s index fell from 52.9 in February, to 51.5 in March. The index has slowed every month since hitting...(Read More) -
Daily Market Report 3/31/15
GOLD Earlier this morning Gold tested the recent $1,180 support level and held, as Gold continues to trade in a narrow range. For most of today’s trading sessions Gold has stayed within the $1,180 to $1,190 per ounce level. At 11am PDT today, Gold is down $3 per ounce, trading at $1,183 per ounce on average volume. SILVER Silver continues...(Read More) -
Kazakhstan extends gold buying spree as Russia keeps assets
(Read More)Kazakhstan boosted gold reserves for a 29th straight month as Russia and Ukraine maintained holdings, the International Monetary Fund said . . . .
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Weekly Market Report 3/30/15
Links to recent informative articles on precious metals and rare coins: It looks like Gold has bottomed BofA Analyst: Gold Going To $1,300 In May How The Gold Price Will Defy Skeptics and Stage a Huge Comeback This Week’s Headlines: Gold Silver Baltimore’s Rare Coin Convention shows excellent demand Recommended Investment Commitment and Diversification GOLD After reaching a...(Read More)
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