Barry Stuppler
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Daily Market Report 9/28/12
GOLD As today is the end of Gold trading for the third quarter, let’s look at the performance of Gold during this period. For the 3third quarter of 2012, Gold has increased $168 per ounce (10.4%). With Gold trading at $1,772 per ounce at 11am PDT today, that means for the month of September, Gold has increased $85 per ounce...(Read More) -
Daily Market Report 9/27/12
GOLD Weaker U.S. economic data (see below) has led to a weaker U.S. Dollar, and stronger energy and precious metal prices. Today’s Gold rally makes it seven weeks in a row that the largest weekly increase in price has come on a Thursday or Friday. At 11am PDT Today, Gold is up $25.70 per ounce, trading at $1,777.90 per ounce...(Read More) -
Daily Market Report 9/26/12
GOLD Weakness in the Euro today has driven up the value of the U.S. Dollar and a stronger Dollar is negative for Gold. Therefore, today we finally saw a short term correction in the price of Gold. Gold briefly broke down below the key $1,750 support level, reaching $1,735 per ounce at one point this morning before major professional buying...(Read More) -
Gold Nearly Flat; Central Banks Add to Holdings
(Read More)Gold prices pared gains to trade around $1,760 on Tuesday as the euro hit session highs versus the dollar, and following data that showed central banks added to their bullion holdings in July and August, led by South Korea and Paraguay.
The metal has risen nearly 5 percent so far in September and is set for a fourth straight monthly gain on expectations the Federal Reserve will . . . .
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Daily Market Report 9/25/12
GOLD Gold rallied this morning based on reports of increasing physical demand for Gold and a press release from the IMF reporting new central bank buying of Gold in July and August. In India we are looking for strong Gold demand as the festival of Diwali approaches on November 13th. At 11am PDT Today, Gold is up $2.30, trading at...(Read More) -
QE to insanity and beyond - best for gold lies ahead
(Read More)The upwards path of the gold price looks to be an almost certainty, inasmuch as anything is certain in this world, driven by open ended QE commitments around the world . . . .
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Weekly Market Report 9/24/12
This week, as Gold stabilizes and starts its run to all-time highs, learn what’s next. I also discuss what should happen with Silver, which broke out above the $34 an ounce level and has become very bullish on its way to $35 per ounce. I am continuing to ask clients and friends to contact their Congressman and ask him/her to...(Read More) -
Daily Market Report 9/24/12
GOLD Gold prices fell early this morning in Asian trading. Talk that France and Germany are at odds as to when the currency zone should centralize banking supervision sent the precious metal falling amid profit taking. Germany is hoping to delay giving the European Central Bank more power to oversee the Eurozone’s financial institutions. Earlier this morning Gold dropped to...(Read More) -
Daily Market Report 9/21/12
GOLD This morning there are creditable reports of a serious new proposal coming from the ECB to resolve Spain’s debt problem. This news has caused the US Dollar to fall in value versus the Euro and Gold and Silver to rally sharply. Gold reached $1,790 on heavy volume of trading based on this news before we saw resistance and short...(Read More) -
Daily Market Report 9/20/12
GOLD Today, Japan became the fifth country and/or central bank to announce a fresh round of monetary stimulus (QE). I expect more countries to join the bandwagon along with England, Europe, China and the United States. Currency debasement is contiguous and will continue to spread as the price of Gold/Silver valued in these currencies will set new all-time highs again...(Read More)
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