Barry Stuppler
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WGC Q1 2013 Gold Demand Summary
(Read More)Last Thursday the World Gold Council released the 2013 first quarter Gold demand data. The numbers shown below are extraordinarily bullish for the long term outlook for Gold . . . .
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Weekly Market Report 5/20/13
This Week’s Headlines: Gold World’s largest money manager is bullish on Gold World Gold Council 1st quarter 2013 Gold Demand Summary Silver Physical demand & premiums for U.S. Silver Eagles strong Collectible Coin Protection Act Recommended Investment Commitment and Diversification GOLD Last week’s Gold trading felt like a slow death, each day it was down from $2 to $28...(Read More) -
Daily Market Report 5/20/13
GOLD Today we saw a very bullish super reversal day, as Gold hit a low of $1,336 and quickly rallied on very heavy volume to reach $1,397 per ounce. This is a very positive sign that Gold has reversed it short term price direction and is now heading higher. Today we also saw any increase in hedge funds buying Gold...(Read More) -
Daily Market Report 5/17/13
GOLD On Friday Gold fell for a seventh straight day, its longest losing streak in four years, as speculation that the Federal Reserve may soon rein in monetary easing lifted the value of the U.S. dollar versus other major currencies. The dollar rose, hitting a near three-year high against a currency basket, helped by comments from San Francisco Fed chief...(Read More) -
Daily Market Report 5/16/13
GOLD Early this morning in Asian/European trading Gold tested and held above the $1,370 per ounce level on heavy volume. Gold is still on the defensive, but we are seeing sizeable demand at these attractive levels. At 11am PDT Gold is trading at $1,387, down $11.20 per ounce on heavy volume. World Gold Council first quarter 2013 in Gold demand...(Read More) -
Daily Market Report 5/15/13
GOLD This morning Gold fell for the fifth straight session, hitting a three-week low as the dollar strengthened to a six-week high versus the euro after weak euro zone economic growth data. Another negative for Gold was the nonpartisan Congressional Budget Office announcement late yesterday that the U.S. budget deficit will shrink by the end of fiscal 2013 to $642...(Read More) -
Bank of Portugal says no Cyprus-style gold sales
(Read More)Portugal will not replicate a deal that allowed Cyprus to sell its gold reserves under its bailout, Bank of Portugal Governor Carlos Costa said on Tuesday, adding that its reserves were unchanged at 382.5 tonnes . . . .
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Daily Market Report 5/14/13
GOLD Earlier this morning in Asian markets, many economists cut China’s economic growth forecasts for the coming year. The revised forecasts lowered China’s growth from 8% to 7.8%. This news negatively affected the Gold and Silver prices. This morning Gold tested the key $1,420 per ounce level and held. To become short term bullish, we need to see Gold break...(Read More) -
Daily Market Report 5/13/13
GOLD Gold opened lower this morning in the Asian markets and found substantial buying at the $1,424 per ounce level. Sales of ETF paper Gold holdings continue to drive holdings lower, while physical demand for Gold investment products continues to increase. At 11am PDT today, Gold is trading at $1,436 per ounce, down $3 from last Friday’s price. World’s largest...(Read More) -
Weekly Market Report 5/13/13
This Week’s Headlines: Gold World’s largest Money manager bullish on Gold Rumors of Germany offering Gold loans to Italy and Greece China keeps buying and producing more Gold Silver Rare Coin Market Update Collectible Coin Protection Act The April 2013 CoinStats is now available Recommended Investment Commitment and Diversification GOLD Last week there was a war going on in...(Read More)
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