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Barry Stuppler

  1. Daily Market Report 12/30/13

    GOLD Gold tested the $1,200 per ounce level this morning on respectable volume, and held. I believe 95% of 2013’s tax loss selling by mutual funds to delete Gold from their year-end financial reports has been completed. Tomorrow, we will see very light trading in the commodity pits as trading will be closed early for the New Year holiday. At...
    (Read More)
    By Barry Stuppler
    | December 30 2013
    Posted in Daily Market Report

  2. Weekly Market Report 12/30/13

    This Week’s Headlines: Gold Silver Major Rare Coin Convention in Orlando, FL Pre-order 2014 First Strike Silver Eagles Recommended Investment Commitment and Diversification GOLD Last week Gold traded in a narrow $20 range on light holiday type volume. Gold closed the week at $1,214, up $10.30 per ounce. The volume should pick up this week, but I am not optimistic...
    (Read More)
    By Barry Stuppler
    | December 30 2013
    Posted in Weekly Market Report

  3. India gold tax hits bridal budgets; smuggling up

    No one does jewelry quite like an Indian bride, who by tradition wears all the gold she can stand up in and her family can afford. These days, though, even the most ambitious bridal budgets don’t bring the bling like they used to, thanks to hikes in import duties and a rise in local gold prices . . . .

    (Read More)
    December 30 2013
    Posted in News Articles

  4. Daily Market Report 12/27/13

    GOLD The low volume of trading continues worldwide in the Gold pits. As Gold trades in a narrow $11 per ounce high/low range it provides no short term direction. Hopefully, on Monday the trading volume of trading will pick up, test support levels, and start a 2014 rally. At 11am PDT today, Gold is trading at $1,214 per ounce, up...
    (Read More)
    By Barry Stuppler
    | December 27 2013
    Posted in Daily Market Report

  5. Daily Market Report 12/26/13

    GOLD Gold rallied $12 this morning after a disappointing unemployment report was released. This report showed that first-time claims for unemployment benefits fell to 338,000 in the week ending on Dec. 21st. Economists had forecasted a decline to around 345,000 claims. Although I am happy to see Gold rally, I am disappointed that the trading volumes are very low worldwide...
    (Read More)
    By Barry Stuppler
    | December 26 2013
    Posted in Daily Market Report

  6. Daily Market Report 12/24/13

    GOLD Gold rallied in Asia this morning, moving back above the $1,200 resistance/support level as India’s commerce ministry calls for easing of Gold import restrictions. Gold continues to trade in a narrow $10 price range from $1,196 to $1,206 on light volume. When the volume picks up, the short term direction of the price will be made clear. At 11am...
    (Read More)
    By Barry Stuppler
    | December 24 2013
    Posted in Daily Market Report

  7. Weekly Market Report 12/23/13

    This Week’s Headlines: Gold Federal Reserve’s Dec. 18th Announcement Tax Loss Strategy Silver Pre-order 2014 First Strike Silver Eagles Recommended Investment Commitment and Diversification GOLD Last Wednesday’s Federal Reserve announcement reducing the $85 billion monthly stimulus caused a real war in the precious metal trading pits. Gold initially dropped $12 (to $1,222 per ounce) then quickly rallied to $1,245 on...
    (Read More)
    By Barry Stuppler
    | December 23 2013
    Posted in Weekly Market Report

  8. Daily Market Report 12/23/13

    GOLD This morning, Gold traded as low as $1,191.80 per ounce on Asian markets before rallying back above the important $1,200 level. The volume is not what I would like to see, but it is a holiday week and a good number of traders are on vacation. At 11am PDT today, Gold is trading at $1,199 per ounce, down $4...
    (Read More)
    By Barry Stuppler
    | December 23 2013
    Posted in Daily Market Report

  9. Still lots of reasons to hold Gold

    The market price of gold might have fallen during the year but hoarding of the precious metal by individuals and central banks is approaching record levels.

    In trading terms, it has been a tough year for the yellow metal . . . .

    (Read More)
    December 23 2013
    Posted in News Articles

  10. Daily Market Report 12/20/13

    GOLD Yesterday, the bears took control of the precious metal markets on the heaviest volume I have seen in weeks. Gold broke down below the key $1,200 per ounce level and kept on going, reaching $1,186 per ounce, before finding some short covering support. CNBC wrongly reported all day yesterday that $1,186 was a three year low for Gold. They...
    (Read More)
    By Barry Stuppler
    | December 20 2013
    Posted in Daily Market Report

Items 4321 to 4330 of 5416 total

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