Barry Stuppler
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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) -
Daily Market Report 8/13/12
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...(Read More) -
Daily Market Report 8/10/12
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...(Read More)
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