Barry Stuppler

This Week’s Headlines: Gold Two issues affecting precious metal prices Strong recovery in China’s economy is bullish for Gold Silver Recommended Investment Commitment and Diversification   GOLD Over the Labor Day holiday week Gold stayed within its 4% trading range, closing the week at $1,386.50 per ounce, down $9.60 per ounce for the week. After a month of price consolidation...

GOLD Gold traded in a narrow $10 price range over the weekend and during Monday’s trading. Gold is showing excellent consolidation in the current $1,360 to $1,420 per range. Demand for physical Gold continues to grow with reports that the COMEX Gold inventories dropped under 700,000 ounces, for the first time ever. At 11am PDT today, Gold is trading at...

GOLD Gold rallied sharply today after reaching a low of $1,359 per ounce. The value of Gold moved higher after the U.S. Commerce department announced that only 169,000 jobs were added in August, well below original estimates. At 11am PDT today, Gold was up $14 per ounce, trading at $1,386 per ounce on average Friday trading volume. SILVER Silver mirrored...

GOLD Today, a stronger-than-expected U.S. economic report showed an ISM non-manufacturing reading for August at 58.6 versus 56.0 in July which caused the value of the U.S. Dollar to move sharply higher against many of the world’s other currencies and resulted in Gold being driven lower. This morning Gold reached a low of $1,365 per ounce before bargain buying appeared...

GOLD Recently, the direction of Gold has been determined by the statements coming out of Washington DC in regards to the potential Syrian missile attack. Yesterday, when it looked that there would be congressional support for a limited attack, Gold rallied. The statements this morning were not that supportive of the proposed legislation to attack Syria and Gold dropped to...

This Week’s Headlines: Gold Citigroup Analyst sees Gold at $3,500 per ounce The War on Gold has spread to India Silver U.S. Mint reports sales of 1oz .999 Silver Eagles on record pace Recommended Investment Commitment and Diversification GOLD August ended the same way July did with Gold continuing to move higher. In July Gold was up $89.30 (7.3%), and...

GOLD Over the long holiday weekend Gold broke below the $1,400 per ounce support area, reaching $1,384 per ounce. Then, on an official announcement from China regarding its August PMI (factory activity) hitting a 16-month high, Gold jumped back above $1,400. This increase in Chinese PMI is the fastest pace of growth in more than a year, showing a sizeable...

GOLD After reaching a low of $1,391 per ounce in overnight Asian trading, Gold is fighting to move back above the $1,400 per ounce support level. August was a very profitable month for Gold investors with Gold up $85 per ounce (6.5%). At 11am PDT today Gold is trading at $1,397 per ounce, down $15 per ounce for the day...

GOLD Gold has tested the $1,400 per ounce support level today, reaching a low of $1,402 per ounce this morning. Volume of trading today has been moderate, because traders are mostly neutral to bullish going into the long holiday weekend. At 11am PDT today, Gold is down $9, trading at $1,412 per ounce on average volume. SILVER After three days...