Barry Stuppler

GOLD Gold opened trading in Asia and quickly move lower, reaching $1,251 per ounce. Part of the recent decline in the Gold price was loss of the Ukraine premium, when Russian President Putin showed willingness to work with Ukraine’s leadership on settling the issues that caused the recent deadly clashes. At 11am PDT today, Gold is trading at $1,256, down...

GOLD Trading volume has picked up in the Gold pits as the price moved lower this morning. Yesterday, when Gold declined $26.20 per ounce, the volume was over 250,000 CME June hundred ounce contracts (the highest volume this year). Today, Gold is finding support around the $1,255 per ounce area. As the June month contracts come due the volume of...

This Week’s Headlines: Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD For the past 60 days the Gold and Silver price has traded in a very tight range. Call it quiet, consolidation, or just plain unexciting, it has become increasingly difficult to write a Blog or Weekly Market Report about these markets. Gold has not had...

GOLD The April US Durable Goods Order was released this morning and it was better than expected, climbing for the third straight month. This caused the US Dollar to move higher versus the Euro and Gold started to fall. Trading volume picked up with over 225,000 hundred ounce June contracts being traded, the highest volume this year. Technical support broke...

GOLD The Gold price increased late yesterday partly due to the Indian government relaxing rules on the importation of Gold by consumers. This is likely to result in more Gold purchasing from Indian consumers. India is already the world’s second-largest consumer of Gold. Today, Gold continues to trade in a narrow price range on normal weekend light volume. At 11am...

GOLD The price of Gold increased today after yesterday’s U.S. Federal Reserve minutes indicated that there is no intention to raise interest rates in the near future. Although Gold did rally briefly above the key $1,300 per ounce resistance level, it quickly fell back below, and continues to stay in its narrow price range. At 11am PDT today, Gold is...

GOLD Gold continues to stay in a narrow trading range on light volume. Considering that the Russian troops on the Eastern Ukrainian border are pulling back to their home base, Gold is holding well. At 11am PDT today, Gold is trading at $1,288 per ounce, down $7 per ounce on light volume.   SILVER Silver traded most of the day...

GOLD A stronger U.S. Dollar versus the Euro and expectations that the European Central Bank will cut interest rates soon to support the euro zone economy, possibly at its policy meeting early next month, are having an uncertain impact on Gold. Gold has been trading in a very narrow $5 price range for most of the session. At 11am PDT...

GOLD Gold broke above the key $1,300 per ounce level this morning. However, it didn’t have enough support to protect against a selloff when reports hit the market that Russian President Putin ordered troops near the Ukraine border to return to their bases. At 11am PDT today, Gold is trading at $1,293 per ounce, unchanged from Friday’s close.   SILVER...