Barry Stuppler
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Daily Market Report 11/1/12
GOLD Over the past two weeks Gold has consolidated above $1,700 per ounce and that level could act as support in the future. As the Gold price moves higher, I expect to see some resistance at $1,735 per ounce, the 50 day moving average. Right now the precious metal markets are treading water awaiting the results of next week’s presidential...(Read More) -
Daily Market Report 10/31/12
GOLD After being closed the past four days, Gold rallied today on a weaker U.S. Dollar and positive economic news. The U.S. Third Quarter GDP grew by 2%, higher than the forecasted 1.8%. Higher growth means more inflation which helps the price of Gold. Today’s rally was very impressive, as Gold broke out above the $1,722 per ounce short term...(Read More) -
Why do the Germans want their gold back?
(Read More)Where does Germany keep its gold reserves? It might sound like a silly question. In Germany, of course. Probably in a very deep vault somewhere in Frankfurt, surrounded by the best security systems that Teutonic technical brilliance can create. As it turns out, however, that is the wrong answer . . . .
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Daily Market Report 10/30/12
GOLD Gold has been trading sideways for the past four days in the $1,700 to $1,716 per ounce price range. We need to break above the $1,722 per ounce level to regain the short term bullish trend. At 11am PDT today, Gold is trading at $1,711.50, up $2.20 per ounce on very light electronic and secondary market activity with all...(Read More) -
Weekly Market Report 10/29/12
GOLD Last week we saw a lot of volatility during Gold trading. Three times Gold successfully tested the very important $1,700 per ounce support level, closing above that level all three times. Gold declined $12.10 per ounce for the week, closing the week at $1,711.90 per ounce. Since Jan 1, 2012, as of last Friday Gold has increased $146.10 per...(Read More) -
Daily Market Report 10/29/12
GOLD Financial markets in New York are closed today due to Hurricane Sandy. One of the areas already evacuated is Battery Park, where the offices and the trading floor of the New York Mercantile Exchange (NyMex) are located. Gold trading is very light today, taking direction from overnight markets in Asia and Europe. At 11am PDT today, Gold is trading...(Read More) -
Daily Market Report 10/26/12
GOLD Gold has traded this morning in a narrow $18.50 price range from a low of $1,701.40 to a high of $1,719.90 per ounce. The very important support level of $1,700 per ounce has held well. At 11am PDT today, Gold is trading at $1,713.00 per ounce, up $0.25 per ounce from yesterday on light volume. THE WORLD’S CENTRAL BANKS...(Read More) -
Daily Market Report 10/25/12
GOLD Yesterday, Gold traded down to the key $1,700 support level before a statement was released by the Federal Reserve’s FOMC. After a two-day meeting, they repeated the vow to keep rates near zero until mid-2015 and its pledge to keep supporting growth while the recovery strengthens. Remember, low interest rates are very supportive of a higher Gold price. At...(Read More) -
Is Mitt Romney a Threat to the Gold Price?
(Read More)As the US presidential election draws closer, many continue to wonder how the outcome will affect financial markets. Among gold market observers, there has been speculation about how the metal might react if Mitt Romney wins. Many have hypothesized that the more conservative Romney might . . . .
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Daily Market Report 10/24/12
GOLD Gold trades in a tight $1,700 to $1,713 price range in this morning’s trading, while it waits for the Federal Reserve policy statement later this afternoon. At 11am PDT today Gold is trading at $1,701.10 per ounce, down $8.10 in a narrow range on heavy volume. South Africa’s Gold Fields (the world’s fourth-largest bullion producer) fired 8,500 miners yesterday...(Read More)
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