Barry Stuppler

This week I discuss Federal Reserve Chairman Bernanke’s Wednesday announcement and the Fed’s continued monetization of U.S. debt. The Fed’s holdings will be over $4 Trillion by the end of 2013, which is very bullish for precious metals in 2013 and beyond.  GOLD For the third week in a row Gold ended lower, closing at $1,697 per ounce last Friday...

GOLD Gold traded in a very narrow $7 high/low price range today on normal low Friday volume. I need to see Gold move back above the key support $1,700 per ounce level on Monday to stay short term bullish. It was released today that European Gold demand for investment and jewelry products increased 15% in 2012 and is predicted to...

GOLD Gold sold off today, because with the exception of the Fed’s targeting unemployment as an indicator for QE3, the Federal Reserve’s announcement was anticipated by many of the professional traders. These commodity traders had purchased call ahead of the announcement and sold into the market which rallied after the Federal Reserve statement and news conference. Additionally, Gold reacted negatively...

GOLD Gold traded higher today on the Federal Reserve’s announcement of additional stimulus starting next month, bring the quantitative easing for 2013 to almost $1 trillion. They also tied future monetary policy to a targeted unemployment 6.5% rate. (We will have more details on this extraordinary policy change in the next Weekly Market Report.) At 11am PDT today, Gold is...

GOLD Gold traded in a very narrow $10 range today awaiting an announcement tomorrow by U.S. Federal Reserve policy makers. They are expected to announce more stimulus measures (QE). Remember, any additional quantitative easing from the U.S. central bank would be viewed as unequivocally supportive of Gold because extra liquidity tends to debase the dollar and create future inflationary risks. ...

This week I list the four key reasons why Morgan Stanley believes that Gold will be the best performing commodity for 2013, and my thoughts on when Republican and Democratic leadership will reach a deal on the Fiscal Cliff issues.  GOLD Gold closed last Friday at $1,703, down $7.20 per ounce. This is the second consecutive down week for Gold...

GOLD Gold has been higher since the opening in Asia, managing to shake off any negativity of the Fiscal Cliff issue. This is not due to any significant progress in the U.S. government’s negotiations but rather because this week’s FOMC meeting is highly likely to provide more monetary stimulus. Gold has traded in a narrow $15 range today, from $1,718...

GOLD This morning the Gold bears took another unsuccessful attempt at breaking down Gold below the $1,684 per ounce support level after the U.S. nonfarm payroll numbers were released. However, a cut by the European Central Bank in future interest rates and a fall in U.S. consumer sentiment provided support for higher Gold prices. I think we have seen this...

GOLD Gold continues to try to find support above $1,700 per ounce. In early morning Asian trading, I saw active buying every time Gold went below $1,690 per ounce. At 11am PDT today, Gold is trading at $1,700.10 per ounce, up $6.60 per ounce on average volume. CFTC Finally Targeting Fraudulently Gold Sellers The U.S. Commodity Futures Trading Commission announced...

GOLD After a $25 price drop yesterday, Gold is trying to consolidate in the $1,700 per ounce price range. Earlier this morning Gold did trade as low as $1,685 per ounce average volume. For most of the day, Gold has traded in the $1,690 to $1,700 area. At 11am PDT today, Gold is down $4.85 per ounce, trading at $1,693.50...