Barry Stuppler
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Gold price rallies $55 after Fed shocker
(Read More)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 . . . .
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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) -
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) -
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) -
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) -
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) -
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) -
Jumping Chinese gold imports on pace to 1,000 tonnes
(Read More)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 . . . .
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Daily Market Report 9/11/13
GOLD Gold traded today in a very tight price range, trading between $1,356 and $1,368 per ounce. $1,360 per ounce has shown to be an excellent support price. Based on recent trading activity I believe Gold is about to make a big move higher very soon. At 11am PDT today, Gold is trading unchanged at $1,365 per ounce. SILVER Silver...(Read More) -
Daily Market Report 9/10/13
GOLD Gold fell $23 per ounce today after the Russian proposal to put Syria’s chemical weapons under United Nation’s control gained international acceptance. This news has calmed the worries about a potential U.S. led strike against Syria, especially after Syria accepted the proposal. Gold traded as low as $1,358 per ounce this morning before sizeable demand appeared taking the market...(Read More)
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