Barry Stuppler
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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...(Read More) -
While Paper Gold Crashes - Physical Demand Sees Unprecedented Demand
(Read More)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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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...(Read More) -
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...(Read More) -
Indian, Chinese consumer joins Gold rush
(Read More)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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Massive drop in gold prices give a precursor to next major economic crash
(Read More)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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Daily Market Report 4/15/13
GOLD & SILVER Although reports from the Middle East and Asia over the weekend showed extraordinary physical demand for Gold and Silver, retailers reported that the current bargain prices increased their sales from five to ten times normal. However, today’s margin and panic selling in Europe and the U.S. drove the Gold price down below $1,400 per ounce. Additional fears...(Read More) -
Weekly Market Report 4/15/13
This Week’s Headlines: GoldToday’s UpdateCyprus’ Gold not significantStep back and look at what is happeningSo what is the best strategy?Will history repeat itself?SilverRecommended Investment Commitment and Diversification GOLD The initial reason behind Friday’s dramatic selloff in Gold was a statement by Mario Draghi, the President of the European Central Bank (ECB). During a press conference last Friday, Draghi said...(Read More) -
Daily Market Report 4/12/13
GOLD This morning Gold fell along with other commodities as the dollar rose on a weak batch of U.S. data and as the psychological impact of potential selling of the precious metal from Cyprus continued to take its toll. Rumors that Cyprus’s gold will be sold directly into the open market, rather than being used as collateral for the IMF...(Read More) -
Daily Market Report 4/11/13
GOLD After yesterday’s correction, Gold moved higher and has stayed in a relatively tight $15 trading range today. Gold hit major support around $1,553 per ounce earlier this morning before seeing major short covering and fresh buying interest. Gold is showing excellent strength in the face of another 13 ton drop in the Gold ETF (GLD) SPDR’s holdings, down to...(Read More)





