Barry Stuppler
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Daily Market Report 11/8/12
GOLD In spite of a much stronger U.S. Dollar versus the Euro, Gold continues higher this morning, braking through its next short term resistance level of $1,727 per ounce. Physical demand for Gold around the globe has picked up since the re-election of President Obama. At 11am PDT today, Gold is up $14.40 per ounce, trading at $1,729.60 per ounce...(Read More) -
Jim Rogers: Obama Re-election Will Spark Soaring Inflation
(Read More)A newly re-elected President Barack Obama will continue encouraging loose monetary policies that will fuel inflation rates down the road, and investors need to get ready now, said famed commodities investor Jim Rogers . . . .
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Daily Market Report 11/7/12
GOLD President Obama’s victory last night is very bullish for precious metals prices and negative for equities, as seen in today 300 point drop in the Dow. I believe you will see much higher Gold and Silver prices by year end. Today, Gold is consolidating yesterday’s gains when exit polls and reports of heavy democratic early voting showed positive signs...(Read More) -
Daily Market Report 11/6/12
GOLD Based on news of a big Democratic turnout and early ballots in the key swing states has caused Gold/Silver to rally sharply today. The rally is based on the belief that this news may result in President Obama’s re-election. I have been saying that the President’s re-election will quickly drive the values of Gold and Silver much higher. Earlier...(Read More) -
Daily Market Report 11/5/12
GOLD Gold is up today based on increased physical demand and short-covering buying as a reaction to Friday’s heavy price correction. The real focus of this market is tomorrow’s presidential election and economic policies and legislation that will be implemented by the next president. I have provided my input on what I believe will happen if Obama is re-elected or...(Read More) -
Weekly Market Report 11/5/12
This week I discuss the status of Gold and Silver’s support and resistance levels, and what will happen to the Gold and Silver prices in the short term depending on whether President Obama or Mitt Romney is elected President on Nov. 6th. I also cover the upcoming lame-duck session of Congress and the Fiscal Cliff issues timeline. GOLD The...(Read More) -
Romney Election Win Seen Supporting Steel as Obama Benefits Gold
(Read More)Steelmaking raw materials stand to benefit if Republican candidate Mitt Romney wins next week’s U.S. election, while a victory for President Barack Obama would aid gold, Alfa Bank said . . . .
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Daily Market Report 11/2/12
GOLD Wow! A combination of Eurozone monetary problems in Greece and Spain, plus a higher-than-expected U.S. jobs report from the U.S. Labor Department has caused the U.S. Dollar to rally sharply versus the Euro and Gold has dropped almost $40 per ounce. The U.S. Labor Department reported today that payroll data showed employers added 171,000 jobs in October versus forecasts...(Read More) -
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)
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