Barry Stuppler

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...

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...

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...

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...

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...

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...

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...

GOLD Today’s very strong U.S. Dollar, combined with an announcement from the G7 monetary meeting that “Gold could retest the $1,322 low”, and a statement by Bank of America Merrill Lynch “That Gold could hit $1,200 per ounce in the short-term”, caused the Gold price to breakdown below the current $1,450 per ounce support level. After the support level was...

GOLD Today Gold has been consolidating in the $1,460 to $1,480 per ounce area. The sentiment in the trading pits has recently changed. Most professionals on the trading floor that I speak with are now buying on dips, versus remaining neutral or selling on rallies. This is very positive for the short term direction of Gold. However, I still need...