Barry Stuppler
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Daily Market Report 5/8/13
GOLD Yesterday in the U.S., and early this morning during Asian trading, Gold tested the $1,450 per ounce support level and HELD on a very heavy volume of trading. This is the third time Gold showed sizeable demand under $1,450 per ounce. Now, Gold should breakout above the $1,490/$1,500 resistance level and continue its move higher. Today, in the face...(Read More) -
Daily Market Report 5/7/13
GOLD Gold dropped $28.00 per ounce this morning as news of Vietnam’s intention to sell 10 tons of Gold caused heavy selling in the Asian markets. While central bank sales are generally off market transactions, the fear is that Vietnam’s decision could be a harbinger of broader central bank sales in the region. Additional negative news that the paper Gold...(Read More) -
China’s Gold Purchases Expand to Record in March
(Read More)Gold imports by China from Hong Kong more than doubled to an all-time high in March as buyers in the biggest consumer after India boosted purchases, underscoring increased bullion demand in the world’s second-largest economy . . . .
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Who’s smartest on gold – Chinese housewives or George Soros?
(Read More)The huge surge of purchasing by Chinese - particularly Chinese women – is reported to have amounted to more than 10% of annual global mined gold output in just 2 weeks of frenzied buying . . . .
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Daily Market Report 5/6/13
GOLD Today we are seeing excellent consolidation in the Gold market. After April’s price volatility, Gold is now developing an excellent trading range in the $1,450 to $1,490 per ounce levels. At 11am PDT today, Gold is up $4.00 per ounce trading at $1,469 per ounce on excellent volume. Late last Friday a report by the Commodity Futures Trading Commission...(Read More) -
Weekly Market Report 5/6/13
This Week’s Headlines: GoldChina’s Real Gold-Reserves at 4,000 Tonnes?Federal Reserve ponders increasing stimulus, and lower inflation SilverDemand for .999 U.S. $1 Silver Eagles is soaringRare Coin Market UpdateThe April 2013 CoinStats is now availableRecommended Investment Commitment and Diversification GOLD After the excessive price volatility in April, (ranging from $1,321 on the low to $1,604 on the high), it was...(Read More) -
China’s Real Gold-Reserves At 4,000 Tonnes?
(Read More)Since the Crash of ’08 exposed the global financial system as simply one, big Ponzi-scheme ticking-down to implosion; one of the most public and emphatic economic policies of China’s government has been the rapid/relentless accumulation of more gold reserves to “back” its own monetary system . . . .
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Daily Market Report 5/3/13
GOLD Gold reached $1,488 per ounce in Asia this morning before the U.S. Labor Department announced that the U.S. economy added 165,000 net new jobs and the unemployment rate dropped to 7.5%, its lowest level in more than five years. The financial markets feel that positive economic signs, like an improvement in employment numbers, would make the Federal Reserve less...(Read More) -
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)
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