Barry Stuppler
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Daily Market Report 7/19/12
GOLD Gold has traded higher in a narrow $15 per ounce price range today. The US dollar dropped to a two-week low against a basket of currencies and equities rose, reflecting a modest pick-up in appetite for risky assets. Higher oil prices based on increasing hostiles in Syria and Iran should add additional support for precious metals. At 11am PDT...(Read More) -
Daily Market Report 7/18/12
GOLD No firm statement from Federal Reserve Chairman Ben Bernanke on a near term monetary stimulus, plus a stronger U.S. Dollar has led to a lower Gold price today. Also, Gold reached $1,598.80 per ounce yesterday; at that point we saw heavy short selling and profit taking it the market. I am disappointed that Gold could not break through the...(Read More) -
Daily Market Report 7/17/12
GOLD Gold initially sold off, reaching $1,571 per ounce this morning as Federal Chairman Ben Bernanke’s started his testimony to the US Senate Banking Committee. During that testimony Bernanke made it clear that the Fed was prepared to provide different types of monetary stimulus to give the U.S. recovery a jolt if our economy continues to weaken. Gold rallied back...(Read More) -
Weekly Market Report 07/16/12
This week, I am also requesting clients and friends support for HR 5977 (Collectible Coin Protection Act of 2012) which helps stop the flood of high quality Chinese counterfeit U.S. rare coins that are currently being imported into our country, and then sold here in the U.S. GOLD During the past week Gold continued to build a base, while...(Read More) -
Daily Market Report 7/16/12
GOLD Gold briefly sold off last night, reaching $1,577 per ounce in Asia at one point before demand overwhelmed the market and Gold rallied back above the $1,590 level. I think the increased volume of purchasing is coming from central bank Gold accumulation. This week the IMF should release central bank Gold purchasing numbers for June, and I believe that...(Read More) -
Daily Market Report 7/13/12
GOLD Based on a weaker dollar and excellent Asian demand, Gold rallied today. At 11am PDT, Gold is up $20.70, trading at $1,590.10 per ounce. I look for Gold to move above $1,600 per ounce again next week. I’ve attached an extraordinary 100+ page article on Gold by the Erste Group Research called “In Gold We Trust” making the case...(Read More) -
In Gold We Trust
(Read More)Erste Group Research
Gold Report
11 July 2012The foundation for new all-time-highs is in place. As far as sentiment is concerned, we definitely see no euphoria with respect to gold. Skepticism, fear, and panic are never the final stop of a bull market. In the short run, seasonality seems to argue in favor of a continued sideways movement, but from August onwards gold should enter its seasonally best phase .
USD 2,000 is our next 12M price target. We believe that the parabolic trend phase is still ahead of us, and that our long-term price target of USD 2,300/ounce could be on the conservative side.
View the complete 120 page report at:
http://www.mintstategold.com/ebay/articles/In_Gold_we_Trust_07-2012.pdf -
Daily Market Report 7/12/12
GOLD Today could be a short term reversal day for Gold and let me explain why. Early this morning, Gold dropped to $1,553 per ounce on Asian news (see below), then held in the $1,560 area for a short term on excellent demand. Then, in late trading the market volume increased and Gold rallied to close at $1,568 at the...(Read More) -
Daily Market Report 7/11/12
GOLD Yesterday, the World Gold Council (WGC) lowered its 2012 Chinese Gold demand estimate to 870 tonnes (a 10% increase of 2011 levels) from 1,000 tonnes, claiming that the firmer dollar and stagnating Gold rally have dented the metal’s attractiveness. Another negative for Gold has been the decrease of Indian Gold buying due mainly to a weak rupee, and a...(Read More) -
HSBC Cuts 2012 Silver Outlook, But Remains Moderately Bullish
(Read More)HSBC Wednesday cut its outlook on silver prices for this year, but said that it remains "moderately bullish" on the metal and expects prices to rally later in the year amid renewed investor demand. HSBC expects silver to average . . . .





