Barry Stuppler

GOLDVery active trading in the Gold pits yesterday and today. A spark rally in the U.S. dollar (versus the Euro) and a sizeable correction in the world’s crude oil price have put precious metals on the defensive. This morning, gold tested long term support, breaking the $1,500 mark then rallying back immediately.  At 11am PDT Gold was trading at $1,503.90...

GOLDAt 11am PDT Gold is trading at $1,523.80, down $29.80 per ounce (1.9%) in very active trading. After seven up-days in a row for Gold and Silver, with Silver increasing over $2 an ounce and Gold up $38, it took a Fed Chairman Ben Bernanke news conference and a release of 60 Million Barrels of Oil to break the streak...

GOLDGold continues to move higher on weak economic news and world events. At 11am PDT, Gold is at $1,553.60, up $8.30 an ounce in active trading. We anticipate a market reaction after Fed Chairman Bernanke’s news conference later today. The Federal Reserve Open Market Committee (FOMC) stated earlier today that they will leave interest rates low for an "extended period...

GOLDBoth Gold and Silver continue their bullish rally for the fourth day in a row, approaching the high end of the trading range. We could easily be off and running when Gold breaks above $1,577 (the May high). At 11pm PDT gold was up $4.20, trading at $1,545.30 per ounce on excellent volume. A couple important events that will affect...

GOLDWith the Euro Group finance ministers postponing a decision on another Greek rescue package until mid-July, gold is still acting as the safe haven for capital. At 11am PDT, Gold is trading at $1,541.10 an ounce, surprisingly up $3.10 on a stronger U.S. Dollar (versus the Euro) and lower Crude Oil prices. European governments failed to agree on releasing a...

GOLD Gold was up $9.90 last week, closing at $1,539.10 per ounce. The weekly high/low range was $1,543 to $1,511.40 per ounce. The past four weeks gold was never lower than $1,503, with its average price of $1,532.86. Why is this important? Well, I believe that Gold is building its base for the next breakout, taking us to well over...

GOLDActive trading today in gold for a Friday, with the Greek debt issue and the U.S. dollar’s weakness being the drivers of the market. At 11am PDT Gold was up $8.80 at $1,538.10 per ounce. It appears as if the Eurozone has come up with a temporary fix to avoid default on Greece’s debt. Vietnam is the world’s 2nd largest...

GOLDToday’s domestic and oversees gold trading was within a narrow range from $1,520 to $1,534 watching developments in Greece (See Greek austerity program below) and other PIIGS country debt trading. At 11am PDT gold was trading at 1,529.30, up $3.30 an ounce from yesterday.     New Greek austerity measures Hiking the VAT from 19 percent to 21 percent (worth 1.3...

GOLDGold rallied today on Greek debt concerns and in the face of a sharp increase in the U.S. Dollar (versus the Euro) and a $5 drop in Crude Oil. Gold is proving to be the ultimate safe haven in time of crisis.  At 11am PDT gold was trading at 1,526.20, up $3.40 an ounce on very active trading. Over 100,000...

GOLDAs of 11am PDT today, Gold was trading at $1,522.80, up $4.40 an ounce on active trading. Gold reached $1,511 in Asian trading this morning before demand drove the price higher.  Surprisingly the Gold market shook off this morning’s negative Chinese economic news and central bank tightening. Gold appears to be in a holding pattern awaiting some dramatic Greek default...