Barry Stuppler

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...

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...

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...

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...

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...

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...

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...

This week’s Market Report provides you with an update on the precious metal market activities. As Gold breaks out above the $1700 per ounce level and starts its run to all-time highs, learn what’s next. I also discuss what is should happen with Silver, which broke out above the $32 an ounce level and has become very bullish on its...