Barry Stuppler
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Daily Market Report 8/13/13
GOLD After a $24 increase yesterday on heavy volume, we saw some short term profit taking this afternoon. Gold did reach $1,340 per ounce this morning before selling off to $1,318 where it found support. At 11am PDT today, Gold is trading at $1,322 per ounce, down $14 on excellent volume. India purchases record amount of Gold despite increased duties...(Read More) -
Daily Market Report 8/12/13
GOLD The bulls are back and the shorts are running for cover this morning in the Gold pits. Gold opened in Asia this morning up $1,325 and kept on moving higher. Considering this is the normally weak summer months, Gold demand has been exceptionally strong. At 11am PDT, Gold is up $20.40 per ounce, trading at $1,336 per ounce on...(Read More) -
Silver Short Squeeze
(Read More)Silver has suffered a miserable year so far, bludgeoned by gold’s unprecedented selling anomaly. The exceptional weakness in both metals was greatly exacerbated by futures speculators piling on short-side bets. But with silver shorts hitting record extremes, a super-bullish short squeeze now looms. Any rapid silver rally is likely to spook the highly-leveraged futures traders, sparking a massive stampede to cover . . . .
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Weekly Market Report 8/12/13
This Week’s Headlines: Gold Is the drop in GLD’s Gold holdings Bullish or Bearish? Rare Coin Update Silver Recommended Investment Commitment and Diversification GOLD Last week Gold tested its support, breaking below the key $1,300 resistance level twice and reaching a low of $1,271 per ounce before finding support. Last Thursday the bullish Chinese import/export numbers were released and Gold...(Read More) -
Daily Market Report 8/9/13
GOLD Yesterday was the most positive day I have seen for Gold in the past two weeks. Not only was it up $24 per ounce, but it successfully moved above the key $1,300 per ounce resistance level on the highest volume of the week. Today, Gold is holding in a tight price range above $1,300 per ounce. At 11am PDT...(Read More) -
Daily Market Report 8/8/13
GOLD Gold rallied $23 today on better-than-expected growth in both Chinese exports and imports data which was released this morning. This news eased concerns about the outlook of China’s economy, and raised hope that stabilization there could propel faster growth worldwide. Chinese exports in July rose 5.1% from a year ago, better than the 3% analysts had expected. And imports...(Read More) -
Daily Market Report 8/7/13
GOLD After six days of declines Gold finally turned higher this morning on light volume. Gold traded in a narrow $16 per ounce range, $1,273 on the low and $1,289 for the high. Physical demand for Gold investment products continues to grow at a record pace globally. At 11am PDT today, Gold is trading at $1,286 per ounce, up $3...(Read More) -
Daily Market Report 8/6/13
GOLD Gold was sent lower last with Europe’s improving economic reports. Another negative that caused Gold to move lower this morning was that the holdings in the SPDR Gold Trust, (GLD) the world’s largest gold-backed exchange-traded fund, (Paper Gold) fell on Friday to 917 tonnes, a four-year low. At 11am PDT today, Gold dropped $20 per ounce, trading at $1,283...(Read More) -
Could China confiscate its citizens gold en route to global domination?
(Read More)Is China moving rapidly towards holding enough gold to have the clout it needs to replace the dollar with the renminbi as the global reserve currency? Now either the Western bullion banks have misjudged the power that gold still retains in the global psyche and as a key financial instrument, or the Asian investors and governments, which are continuing to accumulate gold at a high rate, have got it wrong . . . .
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Daily Market Report 8/5/13
GOLD Gold tested the very important $1,300 per ounce resistance level again this morning, reaching $1,297 per ounce at one point. Gold quickly rallied back above $1,300 on good demand. At 11am PDT today, Gold is trading at $1,303 per ounce, down $10 per ounce. SILVER Silver did rally above $20 per ounce this morning, reaching $20.06, before seeing selling...(Read More)
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Gold & Silver Fall With No Positive News on Iran War ByApril 21 2026
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Gold & Silver Fall on U.S. Naval Ship Firing at Iranian Vessel ByApril 20 2026
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Gold & Silver Fall on U.S. Naval Ship Firing at Iranian Vessel ByApril 20 2026
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Gold & Silver Rally As the Strait of Hormuz Are Open ByApril 17 2026