Barry Stuppler
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Daily Market Report 11/7/13
GOLD The bears took control of the Gold market early this morning after the ECB announced a ¼ point rate cut which caused the U.S. Dollar to rally. The U.S. Dollar increase versus the Euro helped drive the price down to $1,296 per ounce. At that point the bulls came in with massive purchases taking the price back to $1,310...(Read More) -
Daily Market Report 11/6/13
GOLD Comments from Fed policymaker John Williams, who said the central bank should wait for stronger evidence of growth momentum before trimming bond-buying, helped balance out a surprisingly strong U.S. service sector report, and caused Gold to rally $9 this morning. At 11am PDT today, Gold is trading at $1,316 per ounce, up $7 per ounce on normal volume. Bank...(Read More) -
How Much Gold Does China Buy?
(Read More)Yesterday, Du Haiqing, the vice general manager of China Gold Group (China’s largest gold producer) told a gold industry conference in China that China’s current gold consumption level cannot be sustained . . . .
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Daily Market Report 11/5/13
GOLD Gold continues to decline in a narrow trading range on light volume. I believe we will see a test of the $1,300 per ounce support level within the next 48 hours. I think Gold holding above that support level is very critical to short term trading. At 11am PDT today, Gold is trading at $1,309 per ounce, down $7...(Read More) -
Daily Market Report 11/4/13
GOLD Today, Gold is holding in the $1,315 to $1,320 area on moderate trading awaiting news from the European Central Bank on the possibility of loosening monetary policies. At 11am PDT today, Gold is trading at $1,316, up $2 per ounce on moderate volume. SILVER Indian demand for Gold was lower than estimated during the biggest Gold-buying festivals of Dhanteras...(Read More) -
Weekly Market Report 11/4/13
This Week’s Headlines: Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD October saw Gold trade from a low of $1,251 to a high of $1,361, closing out the month at $1,323.70 per ounce and last week at $1,313.20. After all that volatility, Gold was ultimately down $3.30 for the month of October. The $1,300 support level...(Read More) -
Daily Market Report 11/01/13
GOLD Gold tested the $1,306 lows this morning and held, then quickly rallied back to $1,318 per ounce. We should see sizeable Asian buying on Monday, but for right now many professional traders are just going neutral into the weekend. At 11am PDT today, Gold is trading at $1,314 per ounce, down $9 per ounce for the day. SILVER Silver...(Read More) -
Daily Market Report 10/30/13
GOLD Gold was trading higher this morning (around the mid $1,350’s) awaiting the Federal Reserve news on U.S. monetary policy. The Fed reported they are continuing their $85 billion in monthly bond purchase program as is, and that the current fiscal policy is restraining economic growth. They also discussed other issues such as the housing and labor markets, but the...(Read More) -
Daily Market Report 10/29/13
GOLD Gold is trading in a very narrow price range awaiting a statement from the Federal Reserve policy makers meeting on U.S. monetary policy. There was some slight weakness in the Gold price this morning due to strength in the U.S. Dollar. At 11am PDT today, Gold is trading at $1,347 per ounce, down $7 per ounce on average volume...(Read More) -
12 Reasons Why Gold Will Rebound and Make New Highs in 2014
(Read More)Investor sentiment towards precious metals is at the lowest level in over a decade. Many analysts believe the bull market is over and are calling for sub-$1,000 gold in 2014. Even diehard gold bugs are losing faith, as the correction has been longer and more severe than most had anticipated.
So, is it time to throw in the towel? Is the bull market in precious metals really over . . . .





