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Barry Stuppler

  1. Daily Market Report 9/20/13

    GOLD Today we are seeing weekend profit taking from many professional traders. With a congressional budget fight and serious problems raising the debt limit on the horizon, we could see a significant rally in precious metals this month. At 11pm PDT today, Gold is down $34 per ounce, trading at $1,336 per ounce on better than average volume for a...
    (Read More)
    By Barry Stuppler
    | September 20 2013
    Posted in Daily Market Report

  2. Daily Market Report 9/19/13

    GOLD In a surprise move, the Federal Reserve said late yesterday that it would continue its $85 billion bond-buying program for at least another month. After the announcement Gold quickly rallied $50 and continued higher last night and again this morning. Since last September, the Fed has been buying $85 billion in bonds each month in an effort to lower...
    (Read More)
    By Barry Stuppler
    | September 19 2013
    Posted in Daily Market Report

  3. Gold price rallies $55 after Fed shocker

    The gold price spiked more than $55 or over 4% to a high of $1,364.60 an ounce in late trade on Wednesday after the Federal Reserve announced no cuts to its economic stimulus program . . . .

    (Read More)
    September 19 2013
    Posted in News Articles

  4. Daily Market Report 9/18/13

    GOLD Today was an exciting day for Gold investors. Gold broke through the key $1,300 per ounce support level this morning on concerns of today’s FOMC announcement regarding the possibility of tapering its $85 billion monthly debt purchases. At one point today Gold dropped to as low as $1,291.60. Then, as we approached the FOMC announcement, the U.S. Dollar started...
    (Read More)
    By Barry Stuppler
    | September 18 2013
    Posted in Daily Market Report

  5. Daily Market Report 9/17/13

    GOLD Today Gold has traded in a very tight range while waiting on tomorrow’s news from the FOMC meeting. The concern is that if the Federal Reserve tapers its monthly bond buying by more than $10 or $15 billion it would be negative for Gold. At 11am PDT today, Gold is trading at $1,311 per ounce, down $7 per ounce...
    (Read More)
    By Barry Stuppler
    | September 17 2013
    Posted in Daily Market Report

  6. Weekly Market Report 9/16/13

    This Week’s Headlines: Gold Larry Summers the Next Federal Reserve Chairman? Silver Rare Coin Market Update Recommended Investment Commitment and Diversification GOLD Last Thursday Gold tested the $1,360 support level and didn’t hold. Immediately after the breakdown, Gold dropped below $1,360 per ounce as a large number of professional traders watching their technical support charts immediately shorted (sold) Gold. This...
    (Read More)
    By Barry Stuppler
    | September 16 2013
    Posted in Weekly Market Report

  7. Daily Market Report 9/16/13

    GOLD The surprise announcement that Larry Summers was withdrawing from possibly being selected as the next Federal Reserve chairman rallied Gold in early morning Asian trading. Mr. Summers, an academic economist, is considered to be a Keynesian and therefore negative on Gold. At 11am PDT, Gold is up $9 per ounce, trading at $1,318 per ounce on heavy volume. SILVER...
    (Read More)
    By Barry Stuppler
    | September 16 2013
    Posted in Daily Market Report

  8. Daily Market Report 9/13/13

    GOLD Gold got hammered again today, dropping to as low as $1,305 per ounce on heavy volume. The very important $1,300 per ounce support level will probably be tested by Monday morning, and I expect it to hold. The only news that could be affecting this decline is the possibility of Larry Summers being selected as the new Federal Reserve...
    (Read More)
    By Barry Stuppler
    | September 13 2013
    Posted in Daily Market Report

  9. Daily Market Report 9/12/13

    GOLD This morning in Asia Gold broke down below the $1,360 support level and technical traders came in to short the market, driving Gold down to $1,326 per ounce before seeing heavy demand. Other than a report that India’s Gold imports for August were lower than expected, there was no significant negative Gold news. At 11am PDT today, Gold is...
    (Read More)
    By Barry Stuppler
    | September 12 2013
    Posted in Daily Market Report

  10. Jumping Chinese gold imports on pace to 1,000 tonnes

    Even as the Indian government is seeking to restrict gold imports and is coming down hard on gold loan companies across the country, China could well be on its way to import 1,000 tonnes of gold for the whole year if recent buying trends continue . . . .

    (Read More)
    September 12 2013
    Posted in News Articles

Items 4421 to 4430 of 5416 total

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