Barry Stuppler
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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) -
Daily Market Report 10/29/12
GOLD Financial markets in New York are closed today due to Hurricane Sandy. One of the areas already evacuated is Battery Park, where the offices and the trading floor of the New York Mercantile Exchange (NyMex) are located. Gold trading is very light today, taking direction from overnight markets in Asia and Europe. At 11am PDT today, Gold is trading...(Read More) -
Daily Market Report 10/26/12
GOLD Gold has traded this morning in a narrow $18.50 price range from a low of $1,701.40 to a high of $1,719.90 per ounce. The very important support level of $1,700 per ounce has held well. At 11am PDT today, Gold is trading at $1,713.00 per ounce, up $0.25 per ounce from yesterday on light volume. THE WORLD’S CENTRAL BANKS...(Read More) -
Daily Market Report 10/25/12
GOLD Yesterday, Gold traded down to the key $1,700 support level before a statement was released by the Federal Reserve’s FOMC. After a two-day meeting, they repeated the vow to keep rates near zero until mid-2015 and its pledge to keep supporting growth while the recovery strengthens. Remember, low interest rates are very supportive of a higher Gold price. At...(Read More) -
Is Mitt Romney a Threat to the Gold Price?
(Read More)As the US presidential election draws closer, many continue to wonder how the outcome will affect financial markets. Among gold market observers, there has been speculation about how the metal might react if Mitt Romney wins. Many have hypothesized that the more conservative Romney might . . . .
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Daily Market Report 10/24/12
GOLD Gold trades in a tight $1,700 to $1,713 price range in this morning’s trading, while it waits for the Federal Reserve policy statement later this afternoon. At 11am PDT today Gold is trading at $1,701.10 per ounce, down $8.10 in a narrow range on heavy volume. South Africa’s Gold Fields (the world’s fourth-largest bullion producer) fired 8,500 miners yesterday...(Read More) -
Three Highly Respected Gold Investors Make 2013 Prediction
(Read More)Gold is known as a solid inflation hedge, and could earn this reputation in 2013 if inflation picks up. Here are three well-known gold bugs and their bold predictions for investing in gold next year and beyond . . . .
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Daily Market Report 10/23/12
GOLD Gold opened down 1% as the dollar rallied against the euro and stock markets around the world fell on continued fear of a global slowdown. A credit downgrade of five Spanish regions and weak corporate earnings reports added to the downside. At 11am PDT today, Gold is trading at $1,709.20 per ounce, down $17.00 per ounce on heavy volume. ...(Read More) -
What is China really doing in the gold markets?
(Read More)Is China building its gold reserves surreptitiously? The balance of probabilities suggests it is - and perhaps at a faster rate than many would contemplate . . . .
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Weekly Market Report 10/22/12
This week’s Market Report provides you with an update on the status of the Rare Coin Market based on my recent trip to the ANA’s National Money Show in Dallas. Also, the October 2012 CoinStats update is now available for $20 Gold Saint Gaudens, $20 Gold Liberties, Morgan & Peace Silver Dollars, and the Walking Liberty Half Dollar series. ...(Read More)
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