Barry Stuppler
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Gold: The Good News
(Read More)From a seasonal perspective, gold tends to be a bit weak from late February until the end of the first or second week in March. Note the black arrow that I put on the chart. Also, the US Employment Situation report is scheduled for release on Friday, and gold has a tendency to often decline going into that report, and then rally nicely for several weeks after the report is released . . . .
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Daily Market Report 3/11/15
GOLD Gold continues to move lower, hitting $1,147 per ounce this morning in Asia. The main factor causing the decline in Gold is the continued strength of the U.S. Dollar; currently at under 1.05 Dollars to the Euro --- an 11 year high. Concerns about the Federal Reserve raising interest rates have also been putting pressure on bullish sentiment. Increasing...(Read More) -
Daily Market Report 3/10/15
GOLD After last week’s dramatic correction the Gold market is starting to stabilize in the $1,155 to $1,170 area. Gold hit a new 2015 low of $1,155 earlier this morning in Asia before see bargain buying. At 11am PST today, Gold is trading at $1,162 per ounce, down $6 per ounce on average volume. SILVER Silver is trading in a...(Read More) -
Weekly Market Report 3/9/15
Links to recent informative articles on precious metals and rare coins: Silver Institute Feb 2015 report Gold Is At A Crossroads: 2 Trendlines Are About To Intersect This Week’s Headlines: Gold Silver Recommended Investment Commitment and Diversification GOLD Last Friday, after the U.S. Department of Labor released the February 2015 jobs report, the U.S. Dollar rallied sharply and...(Read More) -
Daily Market Report 3/9/15
GOLD After Friday’s $33 decline, Gold rallied this morning in Asia, reaching a high of $1,175.80 per ounce before seeing any resistance. Gold has now established a new trading range between $1,150 and $1,175, as physical demand in Asian markets increases dramatically. At 11am PST today, Gold is up $2 per ounce, trading at $1,168 per ounce on normal volume...(Read More) -
Daily Market Report 3/6/15
GOLD It was announced today that the U.S. Labor force added 295,000 new jobs in February. This is much higher than expected and a strong sign that the labor market has improved and the economy is recovering. The unemployment rate fell to 5.5% from 5.7% -- the lowest since May 2008. This news was bullish for the U.S. Dollar, but...(Read More) -
Daily Market Report 3/5/15
GOLD The US Dollar is trading at an 11-year high versus the Euro. Since we look at Gold in US Dollar terms, a very strong Dollar is negative for the price of Gold. Gold did get some price support after China lowered its GDP targets for 2015. Gold continues to stay in the $1,190 to $1,223 trading range. At 11am...(Read More) -
Daily Market Report 3/4/15
GOLD Gold’s bull/bear war continues. For the past month Gold has shown great support above $1,190 per ounce, while seeing resistance/selling at the $1,223 per ounce level. Many professional commodity traders are profiting from this trading range. I give the upside breakout a 70% chance, barring any negative geo-political event. At 11am PST today, Gold is trading at $1,202, down...(Read More) -
Gold Is At A Crossroads: 2 Trendlines Are About To Intersect
(Read More)The gold markets are at a point where two strong trend lines are about to intersect. The outcome of the face-off will determine the direction of gold markets for the next few months . . . .
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Daily Market Report 3/3/15
GOLD What does it mean when the U.S. Nasdaq Index and Dow Jones Industrial Average closed at a 15-year all-time high yesterday? I believe it means that big money thinks that our economy will be at full throttle within the next year; an excellent climate for precious metals. Gold continues to test the $1,200 support level today, reaching a low...(Read More)
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