Barry Stuppler
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Daily Market Report 10/9/13
GOLD A combination of lower world economic growth projections by the IMF and a sizeable increase in crude oil inventories, driving down the oil and gasoline prices (very deflationary), caused Gold to open lower this morning, reaching $1,294, below the important $1,300 per ounce support level. $1,300 per ounce for Gold has shown to be a key support level, if...(Read More) -
Daily Market Report 10/8/13
GOLD The lack of official economic data due to the government shutdown is resulting in a lower equity market, but has caused precious metals to stay in a tight trading range. Tomorrow the volatility could pick up with the release of the September FOMC meeting minutes in which tapering will be discussed. Domestic demand for physical Gold is picking up...(Read More) -
Gold and Silver: Central Bank Death Dance
(Read More)If “they” can get you to ask the wrong questions[s], “they” do not have to worry about giving the right answer[s].
The question most have been asking is, why aren’t the prices of gold and silver reflecting the unprecedented huge demand and the almost depleted holdings of the exchanges and central banks?
Article after article has been retelling the stories of long lines to buy silver and gold, all over the world, Russia and China buying . . . .
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Weekly Market Report 10/7/13
This Week’s Headlines: Gold Asian Gold demand Silver October 2013 CoinStats now available Recommended Investment Commitment and Diversification GOLD Gold fought to stay above the important $1,300 per ounce resistance level last week. It is truly disappointing that the price of Gold did not increase last week given that the U.S. Government did shut down and that there are looming...(Read More) -
Daily Market Report 10/7/13
GOLD The Chinese are back so the precious metal markets and Gold are up today. Gold is trading in the middle of the recent price range on normal volume. At 11am PDT today, Gold is up $14 per ounce, trading at $1,323 per ounce on average volume. SILVER Silver has broken out above the $22 per ounce resistance level. If...(Read More) -
Daily Market Report 10/3/13
GOLD Gold is trading today between $1,305 and $1,325 per ounce on light volume, waiting for some direction out of Washington or Asia. The Chinese markets open up on Monday and volume and demand should be strong. At 11am PDT today, gold is trading at $1,309 per ounce, down $8 per ounce on average volume. IMF managing director Christine Lagarde...(Read More) -
Daily Market Report 10/3/13
GOLD Gold tested the $1,300 support level early this morning and held. Gold then quickly rallied back up to $1,320 per ounce on excellent volume. The current government shutdown and congressional problems continues to confirm the basic fundamental reasons for Gold ownership, and should the U.S. default on its debts in two weeks, we should see a sharp rally. At...(Read More) -
Daily Market Report 10/2/13
GOLD After yesterday’s $40 decline in the Gold price, the market bounced back this morning, reaching $1,323 per ounce. There was no significant news that caused this rally except that yesterday’s decline was not logical. At 11am PDT today, Gold is trading at $1,318 per ounce, up $31 per ounce on excellent volume. SILVER Silver rallied with Gold this morning...(Read More) -
How China is taking over the world, one gold bar at a time
(Read More)The year 2013 in the gold investment market will be remembered as the year of China, so we’ve produced a stunning infographic detailing China’s great golden rise to power.
In just a few months the world’s largest country will overtake India as the biggest consumer of gold and its gold market continues to break records . . . .
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Daily Market Report 10/1/13
GOLD Technical stops were triggered this morning on the U.S. Gold exchange and Gold broke down dramatically. At 8:00 AM EST, 4,543 lots (454,300 ounces) traded in the active December Gold contract and Gold dropped $9. Then, at exactly 8:30 AM EST, 8,174 (817,400 ounces) lots of Gold hit the exchange as stops went off. Gold fell from $1,310 all...(Read More)





