Barry Stuppler
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Daily Market Report 06/13/12
GOLDGold continues to show excellent strength above the $1,600 per ounce support level. Today, Gold has traded in a narrow $18 per range, from $1,609 on the low to $1,626 on the high. Right now at 11am PDT, Gold is up $6.60 from Tuesday’s close, trading at $1,618.60 per ounce on normal volume. The next major resistance level is $1,650...(Read More) -
Dr Doom: gold price has bottomed out
(Read More)Marc Faber, a normally bearish market commentator, believes gold has hit a low. Meanwhile, leading asset allocators are holding around 7.5% on average in the precious metal . . . .
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Do Asian central banks hold enough gold in their reserves?
(Read More)The lack of notable increases in Asian central bank gold holdings is startling given that over the past decade the rise in foreign reserve assets has been growing at unprecedented levels. The Bank for International Settlements (BIS) noted in its June 2012 Quarterly Review that "central bank balance sheets in emerging Asia expanded rapidly over the past decade because of the unprecedented rise in foreign reserve assets." . . . .
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Daily Market Report 06/12/12
GOLDGold moved back above the important $1,600 per ounce resistance level today on news that Federal Reserve Bank of Chicago President Charles Evans said he would support a variety of measures to generate faster job growth, underscoring his preference for more stimulus. “I’ve been in favor of pretty much any accommodative policy I’ve heard about,” Evans said in an interview...(Read More) -
With No Signs of Easing, Silver Prices Fall
(Read More)Last week ended with silver pulling off a Friday recovery. The New York spot market closed with the metal at $28.68, having gained almost $1 for the day. This performance was fuelled by bad news, most notably regarding the US labor situation. After achieving a four-week high on Wednesday, silver prices have again fallen ahead of today’s trading session due to a lack of information about new monetary policies . . . .
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Weekly Market Report 06/11/12
This week I discuss last week’s Gold/Silver trading, and provide information on who is buying all the Gold. GOLD This year, the summer months, which are normally less volatile for precious metal prices than the rest of the year, could be the exception to the rule due to what is happening in Europe with the sovereign nation and bank debt...(Read More) -
Daily Market Report 06/11/12
GOLDAfter Spain announced its $125 billion bailout, Gold rallied $16 to $1,608 per ounce, then demand trailed off and Gold dropped back to $1,583 per ounce. The volume of trading has not been high, as we are in the summer. At 11am PDT, Gold is up $5.50 from last Friday’s close, trading at $1,597.50 per ounce. SILVERWhen Gold rallied on...(Read More) -
Daily Market Report 06/08/12
GOLDIn overnight trading, Gold reached a low of $1,556 per ounce as a reaction to Chairman Bernanke’s not giving any hint of future monetary stimulus during his congressional testimony yesterday. After Gold reached $1,556 per ounce, sizeable buying came into the Asian precious metal market, taking the Gold price back above $1,580 per ounce. At 11am PDT, Gold is up...(Read More) -
Daily Market Report 06/07/12
GOLDThis morning in testimony to Congress, Federal Reserve Chairman Ben Bernanke gave no hints of any new monetary stimulus, and he said that the U.S. economy will grow moderately this year despite last week’s disappointing report on May job growth. Gold immediately sold off on his remarks, falling to $1,588 per ounce (below the important $1,600 support level). At 11am...(Read More) -
Daily Market Report 06/06/12
GOLDGold continues its upward breakout on Wednesday, rising in tandem with the euro and other risky assets. Awaiting a policy decision by the European Central Bank (ECB), investors watch for more action from policymakers to contain the euro zone debt crisis. At 11am PDT, Gold is trading at $1,633.40 per ounce, up $16.30 per ounce on excellent volume. GOLD’S BULL...(Read More)
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U.S. Gold Exports Surge 285% ByMay 12 2026
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Gold & Silver See Profit-Taking After Rally ByMay 12 2026
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Gold & Silver Rally With Iranian Ceasefire On Life Support ByMay 11 2026
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Gold Overtakes Dollar Reserves As Global Trust Shifts ByMay 11 2026