Barry Stuppler

GOLD Since the beginning of the week, Gold has been showing excellent consolidation between $1,305 and $1,326 per ounce, on excellent volume. I really like seeing the sizeable support every time the price gets near the $1,300 per ounce support level. At 11am PDT today, Gold is trading at $1,316.50 per ounce, down $4.50 on average volume.   SILVER I...

GOLD I really like the way Gold is trading and I believe the price is going much higher this year. Right now, Gold is consolidating its recent $50 gain and we should see another sharp rally very soon. I think Gold will test the next major resistance level of $1,392 per ounce, $70 higher than the current price, within the...

GOLD Today, Gold traded within its recent trading range of $1,310 to $1,330 per ounce. I really like the way Gold is consolidating in this price range after last week’s $42 rally. At 11am PDT today, Gold is trading at $1,319 per ounce, up $2 on average volume.   SILVER This morning, Silver moved above the $21 per ounce resistance...

This Week’s Headlines: Gold What’s driving the Gold & Silver prices higher? Silver Recommended Investment Commitment and Diversification GOLD Gold continued to move higher last week, up $42.50 per ounce, and up $70 per ounce (5.6%) from the beginning of June. What’s more important is that Gold broke through the key $1,300 per ounce resistance level and kept on going...

GOLD Gold prices traded in a tight $9 per ounce high/low price range today, consolidating last week’s gains. There was some profit taking and technical chart purchases. At 11am PDT today, Gold is trading at $1,317 per ounce, up $2 per ounce on average volume. Overnight, China announced that its HSBC preliminary manufacturing purchasing managers index came in at 50.8...

GOLD Yesterday, Gold soared over $40 per ounce on the highest trading volume of this year. Over 238,000 hundred ounce contracts were traded on the CME - an extraordinary number considering that there were only 88,000, the average trading volume, traded on Wednesday. I can attribute 50,000 contracts to short covering by professional traders who quickly covered their short positions...

GOLD Gold rallied $40 per ounce today based on the following factors: Fed Chairwoman Janet Yellen’s statement late yesterday that U.S. interest rates will be unchanged until the middle of next year and then raise A weaker U.S. Dollar versus the Euro and Yen A major military escalation by the U.S. in the Iraq problem Heavy trader short covering on...

GOLD Gold is trading in a narrow $8 High/Low trading range today, awaiting any news from Federal Reserve Chairperson Janet Yellen during her press conference this afternoon. Most traders feel that the Fed will continue to taper its monthly quantitative easing program. At 11am PDT today, Gold is trading near the day’s highs at $1,273.20 per ounce, up $2.20 per...

GOLD Gold prices are slightly lower today, as we see some profit taking after hitting three-week highs yesterday. Gold did trade as low as $1,259 before rallying back above $1,270 per ounce. The civil war in Iraq remains the prime issue in precious metal markets. The situation there has worsened this week, so there is still concern among many commodity...