Barry Stuppler

GOLD Considering last week’s Gold price increase, many floor traders are already pricing in QE3 by last Friday close. This week’s bullish precious metals movement has been in a very narrow price range. Right now traders are taking a wait and see attitude, eagerly awaiting the FOMC rate decision and statement this Thursday before establishing new positions. Gold remains well...

This week’s Market Report provides you with an update on the precious metal market activities. As Gold breaks out above the $1700 per ounce level and starts its run to all-time highs, learn what’s next. I also discuss what is should happen with Silver, which broke out above the $32 an ounce level and has become very bullish on its...

GOLD Swiss investment bank UBS upped its Gold and Silver price forecasts Monday, citing increased expectations for an imminent balance sheet expansion from the U.S. Federal Reserve as a key factor. The bank upped its one-month forecast for Gold to $1,850 a troy ounce from $1,700/oz previously, and its three-month forecast to $1,850/oz from $1,750/oz. Similarly, the bank upped its...

GOLD With the European Central Bank (ECB) announcement of a bond-purchase quantitative easing (QE) program yesterday, added to the U.S. Federal Reserve Board statement saying that they are prepared to step in with more assistance, which most people believe is more QE, it appears that the negative news is still coming in the US. This morning the US jobs report...

GOLD Breaking through and staying above $1,700 per ounce is very bullish for Gold. This could be the last call for adding more Gold to your holdings at a reasonable price. Now we should pick up buying momentum with brief stops at $1,800 and $1,900 and we should see record highs within the next six months.  Today, European Central Bank...

GOLD After the long holiday weekend, the precious metals have returned from the official end of summer to strong bids pushing the market higher. Gold hit $1,701.60 yesterday for the December contract on excellent volume, before falling below $1,700 per ounce on its first attempt to break the psychological resistance level. It seems that it is only a matter of...

GOLD Gold hit a five month high on Friday after the Federal Reserve Chairman Ben Bernanke left the door open for a further round of quantitative easing in a highly-anticipated speech on Friday. As the London market was closing Gold started testing the $1,700 level again and is waiting to break out. We are very close to taking a run...

This Market Report provides you with an update on the precious metal market activities, as Gold breaks out and approaches the $1700 per ounce level and starts its run to all-time highs. I also discuss what is next for Silver, which broke out above the $30 an ounce level and became bullish. I am again asking my clients and friends...

GOLD After Federal Reserve Chairman Ben Bernanke said Friday he’s open to enact more quantitative easing to help bring down U.S. unemployment, precious metals rallied sharply. Remember, the Fed has a dual mandate to keep inflation under control and stabilize employment, and indicators aren’t looking good. With a clear signal that our Federal Reserve is prepared to add additional monetary...

GOLD The price of Gold is in the middle of the recent $1,640 to $1,680 trading range. Tomorrow we will know what Federal Reserve Chairman Ben Bernanke will say in his Jackson Hole, Wyoming news conference. If he announces a new stimulus package (QE3), Gold should break out above the $1,680 per ounce level, perhaps breaking through the $1,700 resistance...