Barry Stuppler
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QE3 Removes Price Ceiling for Gold & Silver
(Read More)Peter Schiff, chief executive officer of Euro Pacific Capital, recently gave an interview discussing the prospects of gold. When asked how high the price of gold may reach, he responded that there is no ceiling for the precious metal, because there is no limit on how much money will be printed. The Federal Reserve’s latest announcement confirms this theory, and paves the way for much higher gold and silver prices . . . .
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Daily Market Report 9/19/12
GOLD The Bank of Japan this morning announced that it will increase its asset buying and loan program by 10 trillion yen ($127 billion). Central bank accommodation is generally viewed as supportive of Gold because it devalues paper currencies and leads to future inflation. Its move also comes on the heels of recent major monetary easing announcements by the US...(Read More) -
Daily Market Report 9/18/12
GOLD According to many professional commodity traders we are seeing healthy consolidation or a short breather for Gold under $1,780 per ounce during a major bull market move. The feeling is that Gold should break above the 2012 highs of $1,790 and hit the resistance level of $1,800 per ounce by month end. At 11am PDT, Gold is trading at...(Read More) -
Daily Market Report 9/17/12
GOLD With the Jewish Holiday (Rosh Hashanah) and the recent run on Gold last week, we are seeing a slight profit-taking-day today on lower than normal volume. I would expect to see more action later this week, but even with the profit taking, Gold is holding strong above the $1,760 level. At 11am PST Gold is trading at $1,762.40, down...(Read More) -
Weekly Market Report 9/17/12
This week’s Market Report provides you with an update on the precious metal market activities. As Gold breaks out above the $1750 per ounce level 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...(Read More) -
Daily Market Report 9/14/12
GOLD Gold is making a major bull move, and the next minor resistance level is $1,790 (the 2012 high), with major psychological resistance at $1,800. We should have excellent support at $1,735. Due to the Federal Reserve’s concern over the jobs market and unemployment, and banks lack of eagerness to lend money (banks are sitting on $1.6 trillion in reserves...(Read More) -
Federal Reserve Launches QE3
(Read More)The Federal Reserve announced plans to unleash more stimulus Thursday, in its third attempt at a controversial program to rev up the U.S. economy . . . .
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Daily Market Report 9/13/12
GOLD The Gold market surged higher in the immediate aftermath of the FOMC announcement that the Federal Reserve has embarked upon more quantitative easing of U.S. monetary policy--nicknamed QE3. It looks that we have now passed the $1,760 price barrier on strong trading. Next stop $1,800! The price of bullion has risen more than 4 percent so far this month...(Read More) -
Daily Market Report 9/12/12
GOLD Since last Friday’s $35 increase, breaking through the important $1,700 resistance level and closing the week at $1,738, Gold has been consolidating its gain. The first two days of this week and today, Gold has shown amazing support at above $1,725 per ounce. The fact that Gold did not decline and test the $1,700 level is very impressive. At...(Read More) -
Daily Market Report 9/11/12
GOLD Considering last week’s Gold price increase, many floor traders are already pricing in QE3 by last Friday close. This week’s bullish precious metals movement has been in a very narrow price range. Right now traders are taking a wait and see attitude, eagerly awaiting the FOMC rate decision and statement this Thursday before establishing new positions. Gold remains well...(Read More)
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