Barry Stuppler

GOLD As the 17 Eurozone countries continue to vote on the debt bailout program, the gold market appears to have stabilized in a $1,600 to $1,675 trading range. Gold will benefit from increased investment demand if there is a split between 17 Eurozone member countries over a proposed $149 billion bailout package for Greece.  At 11 am PDT, gold is...

GOLD I’m back from Europe just in time to see the precious metal markets bottom out.  After trading as low as $1,535 per ounce in Asian trading Monday, it appears Gold has found support at $1,600 per ounce.  The professionals are now back in control of the Gold market and the increase in margin requirements at the CME and Shanghai...

GOLD At 11am PDT, Gold is trading at $1,823.80, up $0.40 per ounce on average volume with a tight $22.00 range. The downgrading of banks should be bullish for gold; however, I was told that since last Friday a large amount of Gold lending in the forward market is rumored to be euro banks trying to raise cash.   SILVER...

GOLD At 11am PDT gold is trading at $1,823.40 up $13.20 per ounce on active trading in a narrow $24 range. Gold tested the $1,800 support level Monday, and today it held, then rallied back to $1,830. Last night the euro rallied against the USD because of a successful Italian bond auction and China investing €7bn in long-term Italian bonds...

GOLD Gold fell today as concern about a potential Greek default drove the dollar higher and some investors sold the metal to cover losses resulting from margin calls on the world’s equities markets. The U.S. Dollar has rallied almost 6% versus the Euro (from 1.44 to 1.36 Dollars to the Euro). At 11am PDT Gold is trading at $1,810.20, down...

GOLD Last week was definitely extraordinary. Gold set a new all-time high of $1,920.80 per ounce Tuesday, and then sold off to $1,793.80 per ounce within 24 hours.  The price range for the four day week was $127 (6.8%), compared to the previous week’s $109, ending with gold closing at $1,859.50 on Friday.  Based upon the U.S. Dollar’s strength and...

GOLD  One stimulus plan down, one to go. Last night we heard a fiscal stimulus plan from President Obama. Earlier today we heard that Federal Reserve Chairman Ben Bernanke will explore launching a monetary stimulus program (QE3) at the FOMC meeting later this month. How did the Gold market react to hearing Obama propose the America Jobs Act of 2011? ...

GOLD Last night we saw sizeable Asian demand for gold and silver, which drove the markets higher.  Gold traded between $1,815 and $1865 per ounce with heavy trading action between $1835 and $1845 per ounce. I expect to see increasing physical demand ahead of India’s wedding season, and the cloudy outlook of the global economy continues to brighten gold’s appeal...

GOLD Long term owners of Gold need to understand and accept the increased volatility in the Gold price.  We saw a run up to $1,921 early Tuesday morning and a sell off to $1,791 in early Asian trading this morning, before significant buying came into the market.  In Asia, a 4,000 lot of gold contracts (400,000 oz) was sold into...

GOLD Gold reached $1920.70 in early Tuesday Asian and European trading. Trading was extraordinarily active with very high volume on the electronic exchanges, before significant profit taking which took the price down to $1,862. Gold rallied back and is trading at $1,869.70 at 11am PDT, down $5.80 from Friday’s price. Tuesday’s $60 gold trading range on higher volatility over the...