Barry Stuppler

GOLD This morning, the U.S. Department of Labor stated that May unemployment held steady at 6.3% by adding 217,000 jobs. On this news of improvement in the U.S. economy, Gold declined, reaching a low of $1,246 per ounce. I have just posted on our website an informative article from Bengt Saelensminde of Money Week called “There’s something fishy going on...

In January, the contrarian investor in me won out: I decided to buy gold.

In March I talked about how increased activity in the gold market might mean the precious metal has turned a corner.

But today, I ask that you forget all about gold’s recent price action. That’s a story for another day. . .

GOLD During this morning’s European Central Bank meeting, the bankers made the decision to cut the rate on bank deposits to a negative .01% to incentivize banks to lend to commercial businesses. This resulted in pushing up the value of the Euro versus the U.S. Dollar, while driving the price of Gold over $1,250 per ounce. At 11am PDT today...

GOLD Gold continues to trade in a narrow price range looking for a direction. There is resistance at $1,250 and strength at the $1,240 support level. With a lot of U.S. economic news due out later this week, I would expect to see a move in Gold. At 11am PDT, Gold is unchanged, trading at $1,245 on average volume.  ...

GOLD After six straight days of decline, Gold is finding strong demand in the $1,240 per ounce price level. During trading today, Gold has stayed in a tight $8 range, from $1,248 to $1,240 per ounce. At 11am PDT today, Gold is trading at $1,245, up $2 per ounce.   SILVER In early trading, Silver was able to reach $18.96...

This Week’s Headlines: Gold Silver Recommended Investment Commitment and Diversification GOLD In my May 27th 2014 Weekly Precious Metal Report I complained that the Gold and Silver price activity in the past two months was as exciting as watching paint dry. Not anymore, as last week Gold and Silver’s trading volume and price volatility picked up dramatically. On the last...

GOLD Today is the sixth day in a row that Gold has declined in price. The low for today was $1,241 per ounce, while the range has only been $10 from high to low. I would like to see the volume pick up and the price move above $1,250 this week before getting bullish. At 11am PDT today, Gold is...

GOLD Earlier this morning in Asia, Gold broke below the important $1,250 per ounce support level and technical traders shorted the market, driving Gold down to a low of $1,243 per ounce. Today is the last trading day of the month, making it an extra important day for the markets, from at least a technical standpoint. At 11am PDT today...

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...