Barry Stuppler

GOLD After yesterday’s Federal Reserve announcement about reducing the $85 billion monthly stimulus, there was a real war in the precious metal trading pits. Gold initially dropped after the $10 billion monthly reduction was announced to $1,222 per ounce, then quickly rallied to $1,245 on massive short covering. After Gold’s short covering rally, it actively traded between $1,232 and $1,239...

GOLD Many of the precious metal floor traders are short on Gold and Silver ahead of the release of the December Federal Reserve minutes. After the Federal Reserve announced they are going to cut their $85 Billion stimulus by $10 Billion, Gold first rallied $5 per ounce, then dropped to $1,222, before a short covering rally started. At 11am PDT...

GOLD As the precious metal markets wait for direction from tomorrow’s Federal Reserve’s meeting, Gold sold off $16 per ounce today. The short term bias is still negative, but any delay in reducing the $85 billion stimulus could change the direction. At 11am PDT today, Gold is trading at $1,229 per ounce, down $15 per ounce on average volume. SILVER...

There is no shortage of conspiracy theories related to gold and silver.  However, I have never found much credible substance in such theories.  For the first time in recent years, there is a report that is worth monitoring. 

German regulators are investigating Deutsche Bank regarding gold and silver price manipulation.  This is important because Deutsche Bank is one of only three banks involved in London silver fixing, and one of the five banks involved in London gold fixing . . . .

GOLD Gold is up $8 today on light Asian buying, and still trading in its recent trading area. The US Federal Reserve will be meeting on Tuesday and Wednesday this week. The meeting could spell out the Fed’s plans as to when they might begin tapering the stimulus program. If the tapering is likely to begin in March, there could...

This Week’s Headlines: Gold Tax Loss Strategy Silver Pre-order 2014 First Strike Silver Eagles Recommended Investment Commitment and Diversification GOLD Last week Gold traded between $1,219 and $1,268 per ounce on excellent volume. On Wednesday strong economic news from China and Japan caused Gold to rally sharply in overnight Asian trading. The rally continued in London and on the CME...

GOLD The Labor Department reported today that wholesale prices in the U.S. dropped 0.01% in November. This was the third straight month the wholesale prices have dropped, reflecting lower costs in energy and cars, with little to no government reported inflation during that period. Gold reacted positively to the report and quickly rallied $12 per ounce. At 11am PDT today...

GOLD The precious metal markets reacted negatively to the congressional two year budget agreement. The feeling is that this agreement would give the Federal Reserve an excellent reason to slow down their $85 billion monthly stimulus program at their up-coming meeting on Dec. 17-18. Both the precious metal markets and the equity markets dropped today as the U.S. Dollar rallied...

GOLD After a $28 increase in the price yesterday, Gold is trading in a narrow $10 range ($1,253 to $1,263 per ounce) showing excellent support above the very important $1,250 support level. At 11am PDT today, Gold is down $6 per ounce, trading at $1,257 per ounce, on excellent volume. SILVER Silver is holding very well above the key $20...

GOLD Based on strong economic news from China and Japan, Gold rallied overnight in Asia and continued to rally in London and on the CME. Traders, who were short Gold, covered their sales when spot Gold broke above the $1,250 resistance level. Gold’s heavy trading volume took it up $34, to $1,268 per ounce before some profit taking came in...