Barry Stuppler
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Daily Market Report 4/5/13
GOLD Weaker than expected U.S. non-farm employment numbers, combined with a sell-off of the U.S. Dollar versus the Euro, helped Gold rally today. This morning I noticed that a good number of commodity floor traders were covering their short sales ahead of the weekend. Many of the CME commodity professionals shorted Gold on Tuesday when it didn’t hold the $1,580...(Read More) -
Gold Imports by India Seen Climbing as Bullion Nears Bear Market
(Read More)Gold imports by India, the world’s largest bullion buyer, may increase 31 percent this quarter after prices dropped to a 10-month low and festivals and weddings spur sales of jewelry, a trade group said . . . .
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Daily Market Report 4/4/13
GOLD Gold is finding excellent price support with strong demand at its current level, in the face of a very strong U.S. Dollar. Gold did reach $1,540.10 per ounce (9,550 Chinese Yuan) early this morning when sizeable buying appeared, taking the market back above $1,550 per ounce. At 11am PDT today, Gold was at $1,554 per ounce, unchanged and on...(Read More) -
Texas Wants Its Gold Back, but to What End?
(Read More)At first blush Texas might not seem to share much in common with Germany. But in addition to being the largest states in their respective unions, Texas, like Germany, now wants to take physical possession of its physical gold reserves stored outside the state.
A few years back the Texas university system made headlines by making huge investments in gold, not shares in gold-backed ETF’s or mining companies, but actual gold, a billion dollars worth of it, in fact, which is now currently stored in New York . . . .
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Daily Market Report 4/3/13
GOLD Gold has been on the defensive most of the day, reaching a major support level low of $1,550 per ounce earlier today. Yesterday and today’s $48 correction in the Gold price was mainly caused by the report from SPDR Gold Shares (GLD) --- the most popular paper Gold ETF ---of an eight metric tonnes drop in their Gold holdings...(Read More) -
Daily Market Report 4/2/13
GOLD Gold dropped to a low of $1,573 this morning as strength in the US Dollar ($1.27 to the Euro) increased from reports of weak manufacturing data and increasing unemployment in the Eurozone. Gold’s weakness was also caused by an increase in US equities following upbeat sales data for car makers and global investors escaping from weak European countries. At...(Read More) -
Weekly Market Report 4/1/13
This Week’s Headlines: GoldGold’s consolidation is over and it’s time to buy moreMajor Dutch Bank will not deliver Client owned GoldMany state legislators want to make Gold and Silver legal tenderSilverPlatinum & Palladium Recommended Investment Commitment and Diversification GOLD Gold continued trading in a very narrow price range all last week, from a low of $1,590.40 to a high...(Read More) -
Daily Market Report 4/1/13
GOLD The Gold price continues to stay in a very tight trading range, as many European financial markets are closed for the Easter Monday Holiday. Today’s high/low has ranged from $1,601 per ounce, to a low of $1,594 per ounce. At 11am PDT today, Gold is trading up $3.50 per ounce, at $1,600.50 per ounce on light volume. Gold’s consolidation...(Read More) -
Daily Market Report 3/29/13
GOLD & SILVER Precious Metal Markets are closed today in celebration of Good Friday. The markets will be open on Monday.(Read More) -
Daily Market Report 3/28/13
GOLD It appears that Gold is consolidating in a $1,590 to $1,610 per ounce trading range, awaiting some clear results from the Eurozone on polices to deal with the current financial crisis in Cyprus. We continue to see sizable physical demand for Gold, and selling of ETF paper Gold. At 11am PDT today Gold is trading at $1,597, down $9...(Read More)





