Barry Stuppler

  1. Daily Market Report 4/23/13

    GOLD Goldman Sachs said this morning that they had taken their profit and closed out their short Gold trade and are now neutral on the precious metal. UBS commented this morning that they are seeing tremendous buying of Gold in Asia, with Shanghai Gold Exchange reaching a new record of 57.6 metric tons of Gold in Monday’s trading. With this...
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  2. Weekly Market Report 4/22/13

    This Week’s Headlines: GoldWhat really happened?What am I seeing?What do I think will happen with Gold?Will history repeat itself?SilverThe April 2013 CoinStats is now availableRecommended Investment Commitment and Diversification   GOLD Last week was an extraordinary week for precious metal owners and professionals. Gold dropped from the prior Friday’s (April 12th) close of $1,501, to last Tuesday’s (April 16th) low...
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  3. Daily Market Report 4/22/13

    GOLD Gold opened in Asia above the key $1,400 per ounce support level and kept on moving higher. Hedge funds and other big speculators have plowed new money into Gold last Friday and again this morning as the Gold price reached a high of $1,435 per ounce before seeing any selling. A negative for paper Gold investors is the steady...
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  4. Daily Market Report 4/19/13

    GOLD The world’s Gold and Silver commodity markets are trying to stabilize, clearing out margin calls, while seeing fresh buyers. The Gold price has been consolidating in the $1,400 per ounce area. In Asia last night I saw fresh buying, which took the Gold price up to $1,425 per ounce before selling appeared. At 11am PDT, Gold is trading at...
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  5. Daily Market Report 4/18/13

    GOLD The Asian trading this morning was excellent harbinger of the general trend of the gold price. In Asia the price of gold sold down to $1,338 per ounce, and was looking like it could have broken the major support level, however a lack of selling combined with fresh bargain buying appeared. The gold price started to rally and while...
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  6. While Paper Gold Crashes - Physical Demand Sees Unprecedented Demand

    The monumental short selling on COMEX on Friday and Monday had the desired effect - it took out key technical levels and precipitated a cascade of further selling as traders who were long the June contract capitulated. The selling begat more selling and the rest is history. A classic short squeeze executed to perfection . . . .

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  7. Daily Market Report 4/17/13

    GOLD Physical demand for Gold is soaring in Asian & Middle Eastern markets, buying ranges from five to ten times normal levels. In the U.S. the Mint has as already sold 122,000 ounces of Gold as of April 16th, compare that to 20,000 ounces in the entire month of April 2012. Additionally, on Monday central banks purchased 1.8 million ounces...
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  8. Daily Market Report 4/16/13

    GOLD On Monday the volume on the most actively traded CME 100 contract (June 2013) was 701,498. This is an all-time record high volume; over 74.6 million ounces of 2013 Gold CME contracts changed hands on Monday. History has shown me that for Gold to bottom out and change direction it needs to shake out the weak hands and that’s...
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  9. Indian, Chinese consumer joins Gold rush

    In India, retailers are witnessing a surge in demand and expect up to 50 per cent spike in sales volume in this marriage season . . . .

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  10. Massive drop in gold prices give a precursor to next major economic crash

    On April 15, gold spot prices dropped more than 7% in the first two hours of trading in the U.S., expounding upon the 5% drop in price that took place on Friday. This crash of more than $200 per ounce over the past two trading days provides a warning sign, and a precursor to a major financial crash coming to the global economy . . . .

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