Barry Stuppler
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Daily Market Report 03/14/12
GOLD Gold continues to react negatively to the rally in the U.S. Dollar, and Tuesday’s Federal Reserve policy statement and moderately positive views of the U.S. economy. The Fed’s statement buried any hopes of more monetary easing (QE) in the short term and took away one of the main pillars of support for gold and silver. Remember, this decline in...(Read More) -
Central banks showing concerns about confiscation of their gold holdings
(Read More)First, global central banks have been increasing gold reserves after many years of reducing them, now there seems to be a move towards repatriation of those reserves which are held in foreign vaults over concerns of possible confiscation ....
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Daily Market Report 03/13/12
GOLD A war is going on in the World’s commodity pits between the gold bulls and bears. The $1,700 per ounce is the key number. On a rally is the U.S. Dollar and any strong positive news the bears drive gold under $1,700, and on negative news i.e. The Iranian crisis or commodity inflation the bulls take it above $1,700...(Read More) -
Supply deficits in 2012 to underpin platinum, palladium markets
(Read More)HSBC expects the platinum and palladium markets to move into supply deficits during 2012, underpinning prices.Analysts said auto, industrial and investment demand should improve during the year. Output from the mining sector is unlikely to maintain pace, the bank said.“Hence, we expect the supply/demand balance for both metals to move from a surplus into modest deficits, propelling prices higher,” HSBC said in a report issued Monday.
HSBC foresees the platinum market swinging to ....
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Weekly Market Report 03/12/12
This week’s Market Report provides you an update on the precious metal markets and the reason you need to email me your numismatic want list immediately. GOLD The big question last week was could gold hold the psychological $1,700 resistance level. The concern being that if gold broke $1,700, it could cause a dramatic drop towards $1,600 level before...(Read More) -
Daily Market Report 03/12/12
GOLD We are seeing gold trading market in a narrow $14 price range today. I believe, after the past two weeks of high volatility, a base is building around $1,700 per ounce. This would be healthy for Gold’s long term price appreciation. Today, at 11am PST, Gold is trading at $1,701.50, down $8.90 per ounce on normal volume. SILVER Silver...(Read More) -
Daily Market Update 03/09/12
GOLD With the Greek Debt issue in our rear view mirror, we now can continue our Gold rally. The procedure by which the European Central Bank (ECB) and the IMF settled this issue is now the prototype for Italy, Spain, and Portugal as their debt problems go crucial. More important, we have gold trading above the physiological support/resistance $1,700 per...(Read More) -
Silver Proving its Mettle in 2012
(Read More)Sturdy investment demand has pushed the silver price up 20 percent in the first ten weeks of 2012, outperforming platinum, palladium and gold during the period.Investors are increasingly acquiring silver in many forms. Globally, silver-based exchange-traded-funds (ETFs) account for 586 million ounces (Moz) of silver, up from 576 Moz at the end of 2011. Demand for physical silver bars is also strong. According to several precious metals dealers silver bar sales continue to be brisk....
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Daily Market Update 03/08/12
GOLD Gold is in that critical stage right now; on Monday, $1,700 was a key support level and when it broke, Gold dropped quickly to $1,665 (2%) before stabilizing. Now, with gold rallying back up, $1,700 is an important key resistance level to rally above and close, within the next few trading days. This morning gold hit $1,703, and was...(Read More) -
Daily Market Update 03/07/12
GOLD Today we saw a rebound in the Gold market. At 11am PST, Gold is up $10.20 per ounce, trading at $1,684.20 per ounce on normal volume. Gold looks oversold after breaking through the $1,700 resistance levels, and the $1,672 200-Day moving technical support average yesterday. Physical demand for gold coins and bars is relatively stable in India at present...(Read More)





