Barry Stuppler

GOLD The Gold price drifted lower in quiet summer trading today, but the action should pick up over the next several trading days after the release of several closely watched US data reports and as eurozone government officials discuss the merits of new stimulus programs. At 11am PDT, Gold is down $9.30, trading at $1,612.60 per ounce.  Gold demand is...

GOLD Gold is taking the lead again today; after reaching an early morning low of $1,604.90 per ounce, Asian demand for Gold with good volume drove the market back to $1,628 before seeing resistance. $1,630 is an important resistance level, but when it breaks through very soon the price should move quickly to test $1,700 per ounce.  At 11am PDT...

GOLD Gold rose today after China’s factory output activity unexpectedly slowed in July to its weakest in more than three years, which leaves room for policymakers to adopt a bullion-friendly monetary stimulus policy to meet China’s annual 7.5 percent growth target. At 11am PDT, Gold is up $3.60 per ounce, trading at $1,616.80 per ounce on average volume. SILVER Silver...

GOLD Gold sold off earlier this morning, reaching $1,603 per ounce before rallying back to $1,617 per ounce on excellent demand. Gold staying above the key $1,600 support area continues to be very bullish for a possible breakout very soon. At 11am PDT, Gold is trading at $1,613.20, up $1.40 on excellent volume. SILVER Silver fell to $27.67 earlier today...

GOLD At 11am PDT today Gold is trading virtually unchanged from yesterday at $1,611.80, down $0.60 per ounce on average trading volume. PHYSICAL GOLD DEMAND IS INCREASING South Korea increased its Gold holdings by nearly a third in July, buying 16 tonnes of Gold for $810 million, an average cost of $1,582 per ounce. This purchase is part of South...

This week’s Market Report provides you with an update on the precious metal markets, especially on Gold’s continued fight to stay above $1,600 per ounce.  I am also requesting that my clients and friends contact their Congressman and ask them to support HR 5977 (Collectible Coin Protection Act of 2012). This proposed legislation would stop the flood of high quality...

GOLD Gold has stayed above $1,600 per ounce for the entire day on excellent demand. At 11am PDT, Gold is trading at $1,612.40 per ounce up $5.20 per ounce on excellent volume.   The Chinese Keep Buying More and More Gold China imported 382.79 tons of Gold from Hong Kong in the first half of the year, up 64.95 tons...

GOLD After claiming last week in London that he would do “whatever it takes” to preserve the Euro, ECB President Mario Draghi disappointed investors. In yesterday’s meeting he failed to outline specific ways of remedying the situation.  He broadly stated that governments should be ready to shore up liquidity, but didn’t mention how this would be accomplished. Should Gold stay...

GOLD At 11:15pm PDT on Wednesday August 1, 2012 the Federal Reserve FOMC announced they weren’t going to provide any new monetary stimulus at this time. The U.S. Dollar moved higher versus the Euro, and Gold dropped fast from $1,607 to $1,591 per ounce. Gold then quickly rallied back to above the $1,600 level on excellent volume.  Today, Gold dropped...