Barry Stuppler
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Daily Market Report 10/31/14
GOLD This morning Gold tested its major support level of $1,170 per ounce and reached a low today of $1,161.50 per ounce. At that point demand increased, and the trading volume hit a record high, driving the price up $12 per ounce from the low. If it looks like an intra-day reversal, and it smells like a reversal, it could...(Read More) -
Swiss gold referendum likely to pass and send prices higher
(Read More)Swiss private bank Julius Baer’s chief investment officer Burkhard Varnholt told Arabian Money that the gold referendum in Switzerland is likely to pass and that will send gold prices much higher next year . . . .
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Daily Market Report 10/30/14
GOLD Yesterday the Federal Reserve ended its monthly bond purchase program. In a statement after the two-day meeting, the central bank largely dismissed recent financial market volatility, weakening economic growth in Europe, and a weak inflation outlook, as unlikely to undercut its domestic unemployment and inflation goals. The Fed’s action was not a surprise, and both the stock market and...(Read More) -
Daily Market Report 10/29/14
GOLD Gold has been trading today between $1,221 and $1,230 with some slight activity in the New York morning hours bringing Gold to the lower end of the range. However, prices have been slowly returning back to today’s mid-ranges as we wait for the statement coming out of the Federal Reserve Open Market Committee meeting. The U.S. Mint has sold...(Read More) -
China Gold Imports Rise to Five-Month High Before Holiday Sales
(Read More)China’s gold imports from Hong Kong in September rose to the highest in five months as retailers and fabricators boosted purchases ahead of a holiday sales season. Net imports totaled 61.7 metric tons last month, the most since April . . . .
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Daily Market Report 10/28/14
GOLD Gold started to rally in early morning trading, reaching a high of $1,235.90 before hitting major resistance. Tomorrow’s Federal Reserve Open Market Committee statement should provide short term direction for the Gold price. At 11am PDT today, Gold is trading at $1,229, down $0.70 on light volume. SILVER The Silver price was driven down to $17.05 per ounce this...(Read More) -
Daily Market Report 10/27/14
GOLD Gold has traded all day in a very narrow $5.10 high/low price range, from $1,227.20 to 1,232.30 per ounce. This week Gold and Silver traders are waiting for news from the Federal Reserve Open Market Committee meeting, which ends on Wednesday. Dubai has now firmly established itself as one of the world’s leading Gold retail destinations. In a recent...(Read More) -
Weekly Market Report 10/27/14
Links to recent informative articles on precious metals and rare coins: South Africa Mint releases new Gold coin Russia adds record 1,200,000oz physical Gold to reserves This Week’s Headlines: Gold Swiss Referendum is bullish for Gold Silver Travel to Baltimore and Washington DC this week October 2014 CoinStats Recommended Investment Commitment and Diversification GOLD Last week Gold tested...(Read More) -
Swiss ‘Yes and ‘No Gold Initiative Campaigns Compete at Launches in Bern
(Read More)Switzerland’s potentially historic gold initiative referendum takes place on Sunday 30th November. In what was an extraordinary first salvo in the head-to-head gold referendum battle that will take place in Switzerland over the next five weeks, yesterday witnessed the launch of both the “Save our Swiss Gold” (Gold Initiative)” campaign and the opposing “Cross-party Committee against the Gold Initiative” campaign in Switzerland’s political capital, Bern . . . .
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Daily Market Report 10/24/14
GOLD Gold has traded today in an amazingly narrow $5.90 High/Low range, with a high of $1,234.60 and a low of $1,228.70 per ounce. The Gold market is apparently looking for short term direction. If it breaks down below the $1,200 level, it could easily hit $1,170 per ounce before finding major demand. On the other hand, if Gold can...(Read More)





