Barry Stuppler
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Daily Market Report 04/26/12
GOLDYesterday, after the FOMC policy statement and Federal Reserve Chairman Ben Bernanke’s economic forecast speech, the behavior of gold market trading was very impressive. The gold price is showing sizeable support in the $1,620’s and should resist any attempt of a $1,600 per ounce selloff. On Wednesday, the bears aggressively sold off gold after no mention of any future quantitative...(Read More) -
Countries prefer gold to paper
(Read More)Argentina added to its gold reserves for the first time in nearly six years in September last year as the price hit record highs, mirroring the trend among emerging-country central banks to diversify further from paper currencies such as the dollar.
Data from the International Monetary Fund (IMF) yesterday showed . . . .
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Daily Market Report 04/25/12
GOLDAll energy and precious metal markets initially declined on today’s FOMC announcement. Gold broke down below $1,625 per ounce before seeing heavy demand. At 11am PDT, Gold is trading at $1,634.60 per ounce, down $7.80 per ounce.Over the past several years, Fed monetary policy has been a major stimulus for gold prices. Given the mixed macroeconomic signals over the past...(Read More) -
Twelve countries increase their gold reserves in March - some significantly
(Read More)Latest IMF statistics released overnight show that a dozen countries increased their gold holdings in March, continuing the trend of Central Bank purchases which has now been apparent for the past two to three years ....
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Daily Market Report 04/24/12
GOLDGold’s rally today was a result of positive news from the IMF and continues to trade in the $1,622 to $1,670 per range. $1,670 has shown to be a strong resistance level because it’s the 100 day moving average. At 11am PDT, Gold is up $10.20 per ounce, trading at $1,642.40 per ounce on normal volume. The two-day Federal Open...(Read More) -
Daily Market Report 04/23/12
GOLDGold declined today based on news of a stronger dollar versus the Euro, while global equity markets were down sharply. Although selling down to $1,622 per ounce early this morning, gold bounced back above $1,630 per ounce for most of the day. Considering the massive rally in the U.S. Dollar and the sizeable drops in the world’s stock and energy...(Read More) -
Weekly Market Report 04/23/12
This week’s Market Report provides you with an update on the precious metal markets and the CSNS rare coin convention. And, the newest issue of CoinStats is now available for $20 Gold and U.S. Silver Dollars. CoinStats is an in-depth statistical analysis of popular rare coin series which allows investors to identify the best values in certified rare coins. ...(Read More) -
Daily Market Update 04/20/12
GOLD Gold has traded in volatile fashion in a tight band over the past two weeks, unnerving speculators who have mostly preferred not to hold onto their positions. But short-selling has alternated rapidly with waves of safe-haven demand while macroeconomic conditions remain worrying. At 11am PDT, gold is trading up $1.60 per ounce at $1,642.10 per ounce on normal weekend...(Read More) -
Daily Market Update 04/19/12
GOLD We continue to see price resistance in Gold at the 100-day moving average of $1,672.50. While strong demand materializes as gold slips into the low $1,600’s, it really picks up before ever hitting the psychological resistance level of $1,600. Diplomats and commodity traders are saying that Syria is trying to sell gold reserves to raise revenue, as Western and...(Read More) -
Daily Market Update 04/18/12
GOLD Gold continues to reinforce its base building today, trading in a narrow $13 high/low range. At 11am PDT today, gold is trading at $1,639.67 per ounce, down $11.43 on normal volume Market analysts see the unexpected lowering of interest rates in India, caused by economic concerns, to be very bullish for Gold demand and prices. Analysts project an 8...(Read More)
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