Barry Stuppler

GOLD Gold futures jumped $22 and moved back above the important $1,300 per ounce level today, the most in six weeks in New York. Signs of escalating tension between Ukraine and Russia fueled today’s demand for precious metals. The strong Gold demand based on the Ukraine/Russian event countered the recent strength in the U.S. Dollar. This suggests outside geo-political influences...

Given the crisis in Ukraine and deteriorating ties with the West, Russia has been aggressively accumulating gold reserves. The IMF, in its recently released International Financial Statistics report, showed that the Russian central bank has hiked its gold holdings by 16.8 tonnes to 1,094.8 tonnes in June.

Indeed, most central banks are increasing their gold reserves, IMF data showed. Russia, Mexico, Kazakhstan, Kyrgyzstan, Tajikistan, Serbia, Greece and Equador have all reported higher gold reserves for June . . . .

GOLD For the most part of today’s trading, Gold is showing excellent support in the $1,284 to $1,288 per ounce price range. Trading volume on the U.S. and overseas markets is about normal for a summer month. At 11am PDT today, Gold is trading at $1,285 per ounce, down $1 per ounce.   SILVER Silver broke below the important $20...

GOLD Gold has traded in a narrow $10 High/Low price range today, showing excellent consolidation. Gold reached a high of $1,295.90 and the low was $1,286 as we try to build up some momentum to break though the $1,300 per ounce resistance level. At 11am PDT today, Gold is trading at $1,289.60 per ounce, down $5.60 per ounce on average...

GOLD Today, Gold is trading in a narrow price range after hitting a five-week low yesterday. The Gold chart has turned technically short term bearish. Upbeat U.S. economic data released Thursday and the recently rallying U.S. dollar index that hit a six-month high this week were bearish weights on the Gold and Silver markets. I really would like to see...

GOLD I am really having a difficult time understanding why Gold sold off 1% today, with what is happening around the world. This could just be a temporary setback, because historically, Gold increases when geopolitical crises and wars are happening. $1,285 per ounce is an important support level and Gold hit a low of $1,281 this morning. At 11am PDT...

GOLD During today’s trading, Gold has fallen below the $1,300 support level, while struggling to stay above the 50-day moving average at $1,294. Yesterday, more economic sanctions where placed on Russia, but this did little to support Gold and even though geopolitical tensions remain very high, Gold is beginning to feel a bit tired and vulnerable to test the $1,285.00...

GOLD Gold reached $1,312 earlier this morning before seeing selling. That selling took the price down to $1,295 before bargain buyers appeared. The $1,300 per ounce support level war continues between the bulls and the bears increasing the trading volume. At 11am PDT today, Gold is trading at $1,299 per ounce, down $4.50 on better than average volume.   SILVER...

GOLD This morning I am seeing some price consolidation and bargain buying in the world’s Gold markets. There were no major, markets-moving developments on the geopolitical front over the weekend. Today, Gold tested the $1,300 per ounce support level by reaching $1,301.40 before rallying. Gold traded in a very narrow $8 High/Low range while building a strong base for the...

GOLD Gold trading volume is surprisingly high for a Friday, but with Gold moving back above the $1,300 resistance/support level it’s a good sign. Demand for Gold is primarily coming from the U.S. commodity markets. At 11am PDT today, Gold is trading at $1,302 per ounce, up $12 per ounce on excellent volume.   SILVER Silver moved higher today, following...