Barry Stuppler
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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) -
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)
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