Barry Stuppler
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Daily Market Report 05/25/12
GOLDGold is ending the week in the $1,550 to $1,570 price range. As we go into this long holiday weekend most precious metal professionals and analysts are looking to Europe for direction. Euro-zone ministers need to stabilize the sovereign debt problem and stop the capital flight from the Euro. The latest idea is to establish a Euro Bond Redemption Fund...(Read More) -
Central bank Gold purchase rises to 70.3 tons in April
(Read More)Central banks internationally continue to diversify their foreign exchange reserves into gold bullion due to concerns about fiat currencies – including the dollar and especially the euro. IMF data shows that central banks were again net buyers in April with . . . .
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Daily Market Report 05/24/12
GOLDIf you think the market trading price for gold looks like a yo-yo, you would be right. The lack of any realistic direction or decision coming from the recent Euro-zone summit in Brussels has caused this problem. Gold is hovering around $1,560 an ounce today as analysts show concern about Greece and the Euro-zone continued to dominate market sentiment after...(Read More) -
Daily Market Report 05/23/12
GOLDThe value of Gold, world equities, oil and the Euro are down today based on the news coming out of Greece. 27 countries are meeting at the much-anticipated European summit in Brussels to discuss their debt crisis and what will happen with Greece. Overnight comments coming out of Greece about their possible exit from the Euro-zone have driven down the...(Read More) -
Daily Market Report 05/22/12
GOLDWhile the euro-zone nations try to figure out how they are going to handle the Greece and Spain problem the Gold market is trading in a very narrow price range. The low/high range on Gold for the past 24 hours has been $1,575 to $1,591 per ounce. A move back above the important $1,600 resistance level by month end would...(Read More) -
Weekly Market Report 05/21/12
This week’s Market Report provides you with an update on the precious metal markets and I discuss last week’s Gold/Silver trading, which could be pivotal for the future direction of precious metals this year. GOLD Last week, while being a highly volatile 5 days, was truly exciting. This period could be the most pivotal for the future direction of...(Read More) -
Daily Market Report 05/21/12
GOLDGold hit the key $1,600 per ounce resistances level this morning in Europe before we saw selling. The news out of last week’s G-8 meetings wasn’t surprising and no firm direction for short term gold prices resulted. At 11am PDT, Gold is up $2.40 per ounce, trading at $1,590.60 per ounce on high volume. In the minutes of the Federal...(Read More) -
China May Surpass India as Biggest Gold Market, WGC Says
(Read More)Gold demand in China may surge as much as 30 percent this year as rising incomes boost consumption, helping the country topple India as the world’s largest bullion market on an annual basis, according to the World Gold Council.
Demand, which rose to a record in the first quarter, may gain to between . . . .
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Daily Market Report 05/18/12
GOLDGold keeps moving upward! After hitting $1,526.70 per ounce (a five month low) on Wednesday with 253,181 contracts being traded on the CME the buyers and volume have returned. At 11am PDT, Gold is up $15.40, trading at $1,588.20 per ounce on excellent volume. After all the negative news this week it appears that Gold will end the week higher...(Read More) -
Daily Market Report 05/17/12
GOLDFinally, some bullish Gold news today, which has driven up the value (see below.) Yesterday, the market action clearly showed that the Gold market was oversold, with a volume of 253,181 CME June Gold contracts traded and reaching a low $1,526 per ounce, closing at $1,536, holding above the $1,535 key support level. Yesterday’s big question was, are we going...(Read More)
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