Barry Stuppler
-
Daily Market Report 2/21/14
GOLD Gold is trading in a tight $9 per ounce price range today from $1,316 to $1,325 per ounce. I am seeing great and very healthy consolidation after the recent $70 sharp rally. At 11am PDT today, Gold is trading at $1,323 per ounce, up $6 per ounce on average Friday volume. Gold Continues to Move from West to East...(Read More) -
Daily Market Report 2/20/14
GOLD Gold is trading lower this morning after the release of the Federal Reserve minutes late yesterday, showing that officials couldn’t agree about the outlook for short-term interest rates. Gold tested support at $1,307 this morning before demand appeared. At 11am PDT today, Gold is down $3, trading at $1,317.00 per ounce on average volume. Gold Smuggling Doubled in India...(Read More) -
Daily Market Report 2/19/14
GOLD After nine consecutive trading days of moving higher (up $74) Gold is finally taking a breather. Price consolidation would be very healthy for Gold, allowing it to build new long positions above the key $1,300 per ounce support level. At 11am PDT today, Gold is trading at $1,320 per ounce, down $4 per ounce on excellent volume. SILVER Silver...(Read More) -
Weekly Market Report 2/18/14
This Week’s Headlines: Gold Does China Plan to Use Gold to Internationalize the Yuan? World Gold Council Releases 2013 Gold Demand Numbers 2014 44-Page Gold Booklet is Being Mailed Out This Week Silver Recommended Investment Commitment and Diversification GOLD Gold’s price has increased for the past eight consecutive trading days, closing last Friday at $1,319 per ounce. Gold was up...(Read More) -
Daily Market Report 2/18/14
GOLD Gold continued its rally over the holiday weekend in Asia and Europe. Physical demand for Gold in 2013 was off the charts (see World Gold Council report) around the globe. At 11am PDT today, Gold is trading at $1.324 per ounce, up $7 from last Friday on excellent volume. World Gold Council releases 2013 Gold Demand Numbers The World...(Read More) -
2013 Gold Demand Trends
(Read More)The World Gold Council just released its 2013 Gold Demand report showing that 2013 saw the largest volume increase in jewelry demand for 16 years as consumers across the globe reacted to lower gold prices. Full year demand was 2,209.5t, 17% above 2012 and the highest level since the onset of the 2008 financial crisis. These facts and many more are available in the World Gold Council report. Visit 2013 Gold Demand to read more.
-
Daily Market Report 2/14/14
GOLD Gold is trading higher today, extending gains for the eighth straight session. Gold broke above the key $1,300 per ounce resistance level for the first time in more than three months. A fall in monthly retail sales and a rise in weekly jobless claims helped fuel weakness in the U.S. dollar, luring traders to the perceived safety of Gold...(Read More) -
Daily Market Report 2/13/14
GOLD Today was Gold’s second attempt to break above the key long term resistance level of $1,300. It reached $1,302.60 for today’s high, trading actively between $1,295 and $1,302 on short term profit takings, but closing strong. At 11am PDT today, Gold is trading at $1,300.50 per ounce, up $10 per ounce on good volume. The issue of what China...(Read More) -
Does China plan to use gold to internationalize the Yuan?
(Read More)Concerns about high debt and an overvalued currency are sucking gold imports into China, according to a new report from Lombard Street Research.
It adds that the authorities may possibly be moving in the direction of using gold in a plan to make the Yuan an international currency. . . .
-
Daily Market Report 2/12/14
GOLD Over the past year, many of the professional commodity traders (PCT) have developed a strategy of shorting (selling) Gold on any rally, then covering the short sale (buying back) when it drops. This was a profitable strategy during 2013. Now, having talked to a number of these PCTs, I see they are beginning to re-think this strategy and have...(Read More)





