Barry Stuppler
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Daily Market Report 5/2/13
GOLD Gold went up $17 per ounce early Thursday morning after the European Central Bank (ECB) cut its interest rates by .25% for the first time in 10 months, and President Mario Draghi said the central bank is technically ready for negative interest rates. Lower interest rates favor Gold as they encourage investors to put money into non-interest bearing assets...(Read More) -
Daily Market Report 5/1/13
GOLD Gold sold off this morning testing the $1,450 support level, and reaching $1,440 per ounce at one point. Excellent buying volume came into the Gold market today when it was trading below the $1,450 level. At 11am PDT Gold was down $21 per ounce, trading at $1,451 per ounce on excellent volume. On Tuesday the Arizona State Senate approved...(Read More) -
Daily Market Report 4/30/13
GOLD Today we are seeing Gold trade in a narrow price range with a weaker dollar on prospects of further monetary easing in the United States and Europe. Weak US growth data has raised expectations the Federal Reserve will keep its bond buying at $85 billion a month, while the European Central Bank (ECB) is widely expected to announce an...(Read More) -
Weekly Market Report 4/29/13
This Week’s Headlines: GoldPhysical Gold sales are soaringCentral Banks continue buying Gold in MarchSilverRare Coin Market UpdateApril 2013 CoinStats now availableRecommended Investment Commitment and Diversification GOLD Last Monday and Tuesday Gold tested the $1,400 per ounce support level and held. While holding above the key $1,400 per ounce level the trading volume was above average. This is a good...(Read More) -
Daily Market Report 4/29/13
GOLD Gold opened higher this morning in Asia, Europe, and the U.S., based on reports that physical demand around the globe is increasing while inventories are dropping. Gold coin sales by the U.S. Mint are running at the highest level since December 2009. Gold sales and volumes at Chow Sang Holdings International’s 44 retail stores in Hong Kong more than...(Read More) -
Daily Market Report 4/26/13
GOLD Gold traded as high as $1,484 per ounce earlier this morning, with good demand from Asia and a weaker U.S. Dollar. Gold then sold off to hit $1,448 per ounce later in the day. Gold needs a little consolidation time at this point, maybe through early next week, before continuing the rally to the next resistance level of $1,500...(Read More) -
Shortages of physical gold now a global phenomenon
(Read More)Momentum is continuing to build in gold bullion purchases as supply shortages and high premiums on physical metal are being reported all around the world . . . .
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Daily Market Report 4/25/13
GOLD Gold rallied this morning in the face of deceasing paper Gold holdings. The SPDR Gold ETF (GLD) reported that Gold storage dropped to 1,092.98 metric tonnes late yesterday, down 30 metric tonnes from last Friday, and the lowest level in over two years. This decline in investor stored Gold is being offset by the recent surge in global physical...(Read More) -
Paulson says hes staying the course on gold
(Read More)Billionaire investor John Paulson told investors on Wednesday he is staying the course on gold even though there may be more short-term volatility in the price of the metal.
The New York-based hedge fund manager has long stuck by his thesis that gold will . . . .
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Daily Market Report 4/24/13
GOLD Yesterday Gold tested the $1,400 per ounce support level for the 2nd time and held with good volume. During yesterday’s and today’s trading most of the professionals preferred to own Gold at the current level then to sell it. This morning I saw the traders wanting to buy Gold from the opening gun and fresh investor demand followed. At...(Read More)
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