Barry Stuppler
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Daily Market Report 9/30/13
GOLD Today the Gold price has been as high as $1,344 and as low as $1,323 based on the news coming out of Washington about the possibility of a U.S. government shutdown tomorrow after the Republican-controlled House of Representatives, early on Sunday, passed a measure that ties government funding to a one-year delay of Obama’s landmark healthcare restructuring law. The...(Read More) -
Weekly Market Report 9/30/13
This Week’s Headlines: Gold Central Banks keep buying Gold in August Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD Last week the Gold market traded in a very tight price range. Gold traded from $1,305 on the low to $1,345 on the high, closing last Friday at $1,339 per ounce, up $6.70 for the week. September has...(Read More) -
Washington Fiscal Crisis Could Unleash Dollar Selling, Gold Buying
(Read More)The U.S. dollar is under pressure, but the current bout of minor weakness could be just the "calm before the storm." With political squabbling in Washington D.C. stealing headlines, the greenback is slumping as the nation hurtles toward a potential government shutdown on Oct. 1 . . . .
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Daily Market Report 9/27/13
GOLD Today, comments from a Federal Reserve official suggested an $85 billion bond-buying taper could be pushed out to next year causing Gold to rally $12 per ounce. Gold did reach $1,344 per ounce before seeing professional taking profits before the weekend. At 11am PDT today, Gold is trading at $1,337 per ounce up $12 per ounce on average volume...(Read More) -
Daily Market Report 9/26/13
GOLD Gold opened lower today based on a strengthening of the U.S. Dollar which is due to a better than expected weekly jobless claim report. The Congressional Budget debate and upcoming concerns over raising the debt ceiling is giving support to the Gold price, but the market is range bound. Gold is showing firm support at $1,315 per ounce, with...(Read More) -
Daily Market Report 9/25/13
GOLD Finally a nice Gold rally! Today, based on reports on increasing central bank Gold buying in August, Gold rallied. At 11am PDT today, Gold is up $12 per ounce, trading at $1,336 per ounce on better than average volume. SILVER Silver traded in a very thin $0.49 range today, between $21.96 and $21.47. At 11am PDT Today, Silver is...(Read More) -
Barclay Bank says Gold could rise to $1482 by Oct on no-tapering effect
(Read More)Gold continues to be impacted by continued outflows from Exchange Traded Funds (ETFs) reaching 24 tons and year-to-date at 694 tons. Therefore, investors are advised to watch inflows into ETFs in the coming days for further cues . . . .
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Daily Market Report 9/24/13
GOLD Based on a lack of Federal Reserve tapering, Barclay’s Bank believes Gold could reach $1,482 by next month. Gold opened lower today, reaching $1,305 per ounce, then rallied on excellent demand to close at the highs of the day. At 11am PDT Today, Gold is trading at $1,324 per ounce, down $2 on the day on good volume. SILVER...(Read More) -
Daily Market Report 9/23/13
GOLD Gold closed in late trading on Friday at $1,326 and today it has traded within a few dollars of that price. With the congressional debate over the U.S. budget and the legislation to raise the national debt the precious metal markets are focused on Washington D.C. At 11am PDT today, Gold is trading at $1,326 per ounce, unchanged from...(Read More) -
Weekly Market Report 9/23/13
This Week’s Headlines: Gold Federal Reserve’s surprise move is bullish for Gold Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD The Gold market showed a lot of volatility last week. Gold first set a two month low of $1,291 per ounce, then rallied $61.70 per ounce for the largest increase in price over the last 4 ½...(Read More)
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