Barry Stuppler
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Daily Market Report 12/17/12
GOLD Gold trading stayed in a tight price range between short term support and resistance all day. Professional commodity traders were buyers of Gold at $1,686 per ounce (short term support) while taking profits when Gold got near $1,700 per ounce (short term resistance). Today’s testing and quick rally of the $1,686 per ounce support was the fourth time in...(Read More) -
Weekly Market Report 12/17/12
This week I discuss Federal Reserve Chairman Bernanke’s Wednesday announcement and the Fed’s continued monetization of U.S. debt. The Fed’s holdings will be over $4 Trillion by the end of 2013, which is very bullish for precious metals in 2013 and beyond. GOLD For the third week in a row Gold ended lower, closing at $1,697 per ounce last Friday...(Read More) -
Daily Market Report 12/14/12
GOLD Gold traded in a very narrow $7 high/low price range today on normal low Friday volume. I need to see Gold move back above the key support $1,700 per ounce level on Monday to stay short term bullish. It was released today that European Gold demand for investment and jewelry products increased 15% in 2012 and is predicted to...(Read More) -
China Playing a Major Role in Global Silver Market
(Read More)China’s role in the global silver market has dramatically changed over the past decade. Once a small player in the global market, China today is the world’s leading market for both physical investment and paper trading of silver futures and other similar products, and is the second largest silver fabricator today. Chinese demand for the white metal is expected to achieve further strong growth in the years ahead, according to a report by Thomson Reuters GFMS released today by the Silver Institute . . . .
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Daily Market Report 12/13/12
GOLD Gold sold off today, because with the exception of the Fed’s targeting unemployment as an indicator for QE3, the Federal Reserve’s announcement was anticipated by many of the professional traders. These commodity traders had purchased call ahead of the announcement and sold into the market which rallied after the Federal Reserve statement and news conference. Additionally, Gold reacted negatively...(Read More) -
Daily Market Report 12/12/12
GOLD Gold traded higher today on the Federal Reserve’s announcement of additional stimulus starting next month, bring the quantitative easing for 2013 to almost $1 trillion. They also tied future monetary policy to a targeted unemployment 6.5% rate. (We will have more details on this extraordinary policy change in the next Weekly Market Report.) At 11am PDT today, Gold is...(Read More) -
Levy on Gold could be budget windfall say U.S. lawmakers
(Read More)* Lawmakers want taxpayer stake in mining boom
* No royalties paid or records kept under current rules
* Reform could mean billions in new revenue
Revising a 19th-century U.S. law that governs the mining of gold and other precious metals could add billions of dollars to federal coffers at a time of tight budgets, according to some Democratic lawmakers . . . .
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B of A Favors Gold for 2013
(Read More)Gold, copper, silver, platinum and palladium will outperform other commodities next year on easing by the U.S. Federal Reserve and supply constraints, according to Bank of America Corp. . . . .
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Daily Market Report 12/11/12
GOLD Gold traded in a very narrow $10 range today awaiting an announcement tomorrow by U.S. Federal Reserve policy makers. They are expected to announce more stimulus measures (QE). Remember, any additional quantitative easing from the U.S. central bank would be viewed as unequivocally supportive of Gold because extra liquidity tends to debase the dollar and create future inflationary risks. ...(Read More) -
Weekly Market Report 12/10/12
This week I list the four key reasons why Morgan Stanley believes that Gold will be the best performing commodity for 2013, and my thoughts on when Republican and Democratic leadership will reach a deal on the Fiscal Cliff issues. GOLD Gold closed last Friday at $1,703, down $7.20 per ounce. This is the second consecutive down week for Gold...(Read More)
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U.S. Gold Exports Surge 285% ByMay 12 2026
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Gold & Silver See Profit-Taking After Rally ByMay 12 2026
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Gold & Silver Rally With Iranian Ceasefire On Life Support ByMay 11 2026
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Gold Overtakes Dollar Reserves As Global Trust Shifts ByMay 11 2026