Barry Stuppler
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Daily Market Report 8/21/12
GOLD There was some important overnight news that affected the Gold price today. First, China indicated that fresh economic stimulus could be on the way by the second half of the year. Second, the US Dollar sold off versus Euro on rumors that the European Central Bank would step up efforts to aid peripheral euro-zone economies. Gold has attempted to...(Read More) -
Daily Market Report 8/20/12
GOLD The support price level for Gold is rising above $1,600. Last night Gold traded as low as $1,609 when we saw excellent demand enter the market. The Gold price quickly rallied to over $1,620 per ounce and has stayed in that price area. At 11am PDT, Gold is trading at $1,621 per ounce, up $4.80 on good volume. ...(Read More) -
Weekly Market Report 08/20/12
This week’s Market Report provides you with an update on the precious metal market activities, as Gold remains above $1,600 per ounce. Also included in this week’s report is an invitation to attend an evening cocktail reception for Congressman Howard Berman on Wednesday, August 22, 2012. I am also asking my clients and friends to contact their Congressman and ask...(Read More) -
Daily Market Report 8/17/12
GOLD Gold has been range bound today in light weekend type trading. The low/high price range for Gold today has only been $11 per ounce for $1,610 to $1,621. At 11am PDT, Gold is trading virtually unchanged at $1,616.20 per ounce, down $0.60 from the same time on Thursday, on very light weekend type volume. Central Bank Gold Buying on...(Read More) -
Daily Market Report 8/16/12
GOLD Chinese Premier Wen Jiabao was quoted as saying that there is more room to adjust monetary policy and thereby improve the economic outlook in the region. After the Chinese Premier’s statement was released Gold jumped $10 per ounce to $1,612 per ounce. At 11am PDT, Gold is up $14.20, trading at $1,616.80 on excellent volume. The World Gold Council...(Read More) -
World Gold Council 2nd Qtr Report
(Read More)World Gold Council released its 2nd quarter Gold Demand Trend report showing gold demand of 990 tonnes worth $51.2 Billion.
The report shows demand for gold jewelry has weakened from last year, but central bank buying as . . . .
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Daily Market Report 8/15/12
GOLD Yesterday for the 15th time in the past couple months, Gold tested the $1,600 per ounce support level. After reaching $1,590 per ounce we saw heavy demand come into the Gold market and the price quickly rallied back above $1,600 per ounce, closing at $1,601.40. Today, the price of Gold reached $1,607 in the U.S. market, before seeing some...(Read More) -
Paulson, Soros Add Gold as Price Declines
(Read More)Billionaire investors George Soros and John Paulson increased their stakes in the biggest exchange- traded fund backed by gold as prices posted the largest quarterly drop since 2008 . . . .
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Daily Market Report 8/14/12
GOLD Gold turned lower today, after the U.S. Commerce Department said that retail sales rose by a seasonally adjusted 0.8% in July, easily surpassing expectations of a 0.3% increase. This increase was stronger-than-expected and dampened hopes for further easing by the Federal Reserve. After the news was released this morning, Gold sold off to as low as $1,590 per ounce...(Read More) -
Weekly Market Report 08/13/12
This week’s Market Report provides you with an update on the precious metal market activities, especially as Gold remains above $1,600 per ounce. Also included in this week’s report is my rare coin update from the ANA at the Philadelphia World’s Fair of Money Coin Convention. I am also asking my clients and friends to contact their Congressman and...(Read More)
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