Barry Stuppler
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Daily Market Report 11/18/13
GOLD Gold rallied up to $1,289 per ounce this morning before selling appeared, driving the price down $15 per ounce. With U.S. equity markets setting records, the focus of investors is stocks, not precious metals. At 11am PDT today, Gold is trading at $1,274 per ounce, down $14 on average volume. SILVER Silver continues to show a lack of price...(Read More) -
Daily Market Report 11/15/13
GOLD Gold traded in a thin $11 per ounce high/low range today. There was no significant news released today that would give the Gold price direction, plus being Friday trading was light. At 11am PDT Today, Gold is up $3 per ounce, at $1,288 per ounce on light volume. SILVER Right now Silver is acting as if it will test...(Read More) -
Daily Market Report 11/14/13
GOLD Our in-coming Federal Reserve chairman, Janet Yellen, testified to congress today and I guess the precious metals markets liked what they heard, as Gold quickly rallied off yesterday’s lows. In-coming Federal Reserve Chairman, Janet Yellen told congress she was prepared to continue the U.S. monetary stimulus program ($85 billion per month) until the U.S. unemployment rate dropped. Yellen’s statement...(Read More) -
World Gold Council Q3 2013 Gold Report
(Read More)Two key themes have emerged during 2013: the rising level of consumer demand off-setting outflows from ETFs, and the geographical flow of gold from western to eastern markets. In addition, a key development of the third quarter was a quarter-on-quarter decline in demand, the first Q2-Q3 drop since 2007. Two key factors contributed to this decline, the primary explanation being . . . .
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Daily Market Report 11/13/13
GOLD A strong U.S. Dollar versus the Euro has been putting pressure on the price of Gold recently. Recent positive U.S. economic news, plus lower interest rates in the Eurozone countries, has taken the Euro/Dollar exchange rate from $1.38 to $1.34 within the past three weeks. Gold is trading in a narrow range today after reaching a low of $1,265...(Read More) -
Daily Market Report 11/12/13
GOLD It’s not a good day in the precious metal markets. Gold opened unchanged from Monday’s close but could not stay above the $1,280 per ounce support level, reaching a low of $1,271.30. The volume is a little above average but there was not significant demand from Asia in overnight trading. At 11am PDT today, Gold is trading at $1,273...(Read More) -
Daily Market Report 11/11/13
GOLD Because of the Veteran’s Day holiday, trading is very thin in the U.S. Gold has traded in a very narrow $9 per ounce price range, from $1,279.60 on the low to $1,288.60 on the high. At one point, Gold tested the $1,280 support level and quickly rallied back above on light volume. At 11am PDT Today, Gold is trading...(Read More) -
Weekly Market Report 11/11/13
This Week’s Headlines: Gold The Chinese need to put their Gold somewhere Silver October 2013 Silver Institute Newsletter Baltimore Rare Coin Convention Market Report Recommended Investment Commitment and Diversification GOLD The U.S. Commerce Department made a surprise announcement last Friday saying that 204,000 new jobs were created in October. The amount was substantially higher than the expected 120,000 jobs that...(Read More) -
Daily Market Report 11/8/13
GOLD Gold was trading at $1,310 per ounce this morning when the Commerce Department announced that non-farm employment had an increase of 204,000 jobs for the month of October, a sizeable increase over the 120,000 job increase that was expected. Gold quickly dropped to $1,281 per ounce on heavy volume because a jobs increase of that size would allow the...(Read More) -
China Converting U.S. Dollar Debt Holdings Into Gold At Accelerating Rate
(Read More)China, Russia and other nations are exiting their dollar-denominated holdings in favor of gold. This action should put pressure on the dollar and U.S. treasuries, pushing not only central banks, but mainstream investors towards the safety of precious metals and other tangible assets that cannot be defaulted on. There will be a rush out of dollars and into assets with no counter-party risk, it is just a matter of how soon it happens . . . .





